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Medgen announces the acquisition of popular alternative healthcare company Alternaturals adding an exciting new product line and revenue stream to its arsenal
Medgen announces the acquisition of popular alternative healthcare company Alternaturals adding an exciting new product line and revenue stream to its arsenal.
About this update from Medgen Inc
[{"type":"text","content":"\n\n\n\nMedgen announces the acquisition of popular alternative healthcare company Alternaturals adding an exciting new product line and revenue stream to its arsenal\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMedgen announces the acquisition of popular alternative healthcare company Alternaturals adding an exciting new product line and revenue stream to its arsenal\nPR Newswire\nHOLBROOK, N.Y., Sept. 22, 2015\n\n\n\nHOLBROOK, N.Y., Sept. 22, 2015 /PRNewswire/ -- Medgen, Inc. (OTCPink: MDIN) today announced that it has completed the acquisition of Alternaturals, the operating subsidiary of Alternaturals, Inc. (OTCpink: ANAS), and a popular alternative healthcare and natural remedies company. The acquisition was made in an effort to increase the company's consumer reach and revenue base, and could be the most exciting event in several years, positioning the company to take some major steps forward. \n\nThe acquisition brings together two of the fastest growing supplement and alternative healthcare companies in the industry, and opens up Medgen's growing retail distribution to a host of new products. These products include Sombium™ a high potency sleep aid, Focamine™, which promotes focus and attention, Relaxapro™ an anti-anxiety capsule, and the pending trademark for \"5 hour high\" designed to be a medical marijuana liquid beverage for sale in those states where it is legal. The mechanics of the acquisition is that of a simple asset purchase, with Medgen acquiring almost all of Alternaturals assets, in exchange for taking on most of Alternaturals outstanding debt. The specific numbers associated with the transaction will be released in the Company's disclosure for the current quarter, ending on September 30, 2015.\n\nPeachtree Capital, LLC, a Private investment fund, and a financer of both firms made the initial introductions that led to the transaction. According to Peachtree, who has funded both company's for several years, the strengths of these two firms compliment each other in many ways and the feeling was that whatever came out of the i...