Business
NxGen Brands Inc. Ramps Up for 2024 by Finalizing Its Acquisition of Mad House Innovations, Launches Two New Innovative Products along with Bullish Q1 Sales Forecasts
NxGen Brands Inc. Ramps Up for 2024 by Finalizing Its Acquisition of Mad House Innovations, Launches Two New Innovative Products along with Bullish Q1 Sales Forecasts.
About this update from Nxgen Brands Inc.
[{"type":"text","content":"\n\n\n\nNxGen Brands Inc. Ramps Up for 2024 by Finalizing Its Acquisition of Mad House Innovations, Launches Two New Innovative Products along with Bullish Q1 Sales Forecasts\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\nNxGen Brands Inc. Ramps Up for 2024 by Finalizing Its Acquisition of Mad House Innovations, Launches Two New Innovative Products along with Bullish Q1 Sales Forecasts\nPR Newswire\nDENVER, Jan. 30, 2024\n\n\n\nDENVER, Jan. 30, 2024 /PRNewswire/ -- NxGen Brands, Inc. (OTC Pink: NXGB) (\"NxGen\" or the \"Company\"), (www.nxgenbrands.com) announces it has finalized its acquisition of Mad House Innovations, the first cornerstone in the company's focused strategy for becoming a worldwide player in the $381 Billion nutritional supplements market. The acquisition of Mad House Innovations continues a period of transparent updates that NxGen Brands has made and is designed to produce immediate revenues and give it a foothold in its target market.\n\n\"NxGen Brands is on a mission to become a leader in the nutritional supplements market,\" said Joseph Lawanson, industry veteran and CEO of NxGen Brands, Inc. \"We have issued a number of updates to our shareholders and prospective investors to let them know that we have a strategy in place to become an integral part of what will soon be a half trillion-dollar market. Building a household brand that is associated with high quality products that effectively assist consumers with health and wellness is a major undertaking and one we are ready for in 2024 and beyond.\"\nLawanson highlighted the following important updates for shareholders:\nNxGen Brands, Inc. successfully closes its \"Mad House Innovations\" acquisition. Mad House enjoyed explosive growth in 2023 posting $1m in revenues in its initial full year of operations, with growth forecasts from the Company expected to exceed that in 2024. Revenue share from direct-to-consumer channels represents approximately 35% of total sales, with additional revenue generated from ever-expanding distribution and retail relationships.The Company announcing that its Stor...