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NetworkNewsBreaks – Jupiter Wellness Inc. (NASDAQ: JUPW) Acquires SRM Entertainment in Move Designed to Expand Distribution Platform

Company: Jupiter Wellness Inc. (JUPW)
Category: News

Jupiter Wellness (NASDAQ: JUPW), a cutting-edge wellness brand dedicated to exploring the multiple therapeutic and medical uses of cannabidiol (“CBD”) via a multitude of convenient products, announced it will be acquiring SRM Entertainment LTD from Vinco Ventures, Inc. (NASDAQ: BBIG). Jupiter will acquire the award-winning innovation company by issuing 200,000 shares of its restricted common stock for 100% of SRM. With offices in the United States and Hong Kong, SRM has more than three decades of experience in designing, manufacturing and selling creative products and services globally. SRM is recognized as a successful OEM preferred vendor that provides products to theme parks around the world; more recently, the company has been expanding into the hospitality industry. “This acquisition represents a strong commitment to growing the distribution of one of our core brands, our patent-pending CaniSun suncare line,” stated Jupiter Wellness CEO Brian John in the press release. “Access to travelers searching for Sun & Fun is where we want to be. SRM provides an innovative opportunity to expand into the leading theme parks in Orlando, Florida and worldwide. Additionally, SRM has been expanding further into the hospitality and entertainment industries. We’re excited to leverage established channels with preferred vendor relationships to grow our brands. . . . While we don’t know how long the current downturn will continue to impact attendance at major theme parks globally, we’re confident this acquisition makes sense and positions Jupiter Wellness to capitalize on an anticipated return to normalcy.”

To view the full press release, visit https://nnw.fm/IOpR7

About Jupiter Wellness Inc.

Jupiter Wellness is a cutting-edge wellness company developing a proprietary line of products designed to explore the multiple therapeutic and medical uses of cannabidiol (“CBD”). The company is dedicated to advancing research into the medical and therapeutic uses of CBD for treatment and relief of ultraviolet exposure, psoriasis, eczema, skin aging and other ailments. The company was formed in 2018 and is headquartered in Jupiter, Florida. For more information, please visit www.JupiterWellnessInc.com.

NOTE TO INVESTORS: The latest news and updates relating to JUPW are available in the company’s newsroom at https://nnw.fm/JUPW

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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