Upexi signs letter of intent to acquire wellness and nutrition brand with trailing twelve month revenue of $15 million and positive ebitda

Upexi expects to close the transaction in may. clearwater, fl / accesswire / april 13, 2023 / upexi inc. (nasdaq:upxi) (the "company" or "upexi"), a multi-faceted amazon and direct to consumer brand owner and innovator in aggregation, today announced the signing of a non binding letter of intent ("loi") to acquire all the assets including working capital of a texas-based wellness and nutrition brand specializing in the growing superfoods category (the "acquired company") with approximately $15 million in trailing twelve month revenue for $2.5 million in a combination of cash, stock and an earn out.
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