NetworkNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Expands E-Commerce Portfolio with Launch into Essential Oils Category
Mohawk Group (NASDAQ: MWK) enters a new product category with its latest acquisition of Healing Solutions LLC, a leading online seller of essential oils. Mohawk, a rapidly growing technology-enabled consumer products company, is on a “quest to become the leading e-commerce consumer brands platform,” reads an article on the developments. “MWK paid approximately $15.3 million in cash in addition to issuing approximately 1.4 million shares of Mohawk’s common stock… Healing Solutions is the latest in a string of acquisitions, which Yaniv Sarig — Mohawk Group Holdings Inc.’s co-founder and chief executive officer — hails as a step forward in the…