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Stock impact report

Edison Nation Announces Acquisition of Proprietary Natural Enzyme Based Cleaning Products for Consumers

EDISON NATION (EDNT) 
Company Research Source: Business Wire
BETHLEHEM, Pa.--(BUSINESS WIRE)--Edison Nation, Inc., a multifaceted ecosystem that fosters innovation and drives IP, media and consumer products, announces a Letter of Intent to acquire 5 proprietary cleaning formulas from Synertech, Inc.The five proprietary products from Synertech focus mainly on consumer-based offerings. The products include a multi-purpose surface cleaner, an essential oil scented surface cleaner, a foaming enzyme hand soap, a pet cleanup product and a larger scale cleaner that has potential for the commercial market, including applications for large facilities and venues such as theme parks. These natural enzyme-based formulas are going through certifications.From a sales and marketing perspective, Edison Nation will offer these products to parents by utilizing its successful Uber Moms brand that is available in a variety of retail outlets. In addition, the Company has developed an extension of its new HMNRTH brand with the launch of its LVHMN brand that will Show less Read more
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