Yooya why sell it?29 May 2019 20:56
They are buying 100% of Yooya. The largest holders (dream Incubator)have always said they will take an investment as far as they can then either IPO or sale to take it to the next level.
The fact that it’s Mellon’s company buying it, the cannabis connections they have, Factom working with them (who are trusted within China (see court ruling) means that we (the company) gets direct access into the largest market in the world.
Following the transaction, Yooya will expand its sector focus and become the first e-commerce marketing platform to focus on CBD infused products that are designed to awaken the body's natural healing system and promote better health and sleep; and products that safely eliminate the psychoactive THC from hemp.
Yooya is a content-driven e-commerce platform that is reshaping the way that brands connect with Chinese consumers. Total e-commerce revenue in China is forecast to top US$1.8 trillion by 2022. Yooya recognises that the way that Chinese consumers shop and the factors that influence purchase decisions have changed dramatically, with video content consumption being the single most popular activity on the internet in China. Japan, Asia's second largest e-commerce market in dollar terms, will see nearly 90 million e-commerce shoppers by 2021.
We envisage rolling out our CBD business in Asia with a line of exceptional consumer-focused products initially in the health and wellness area, including topicals and balms, and working with the world's largest CBD manufacturers to build out our CBD brands over time. The participants in this offering include strategic investors in the Company who have generated very successful investment returns in the CBD market and we are grateful for their confidence in the Company."
On completion of the transaction, it is intended that Lorne Abony will join the Board as a non-executive director.
This is going beyond what Nuuvera ever achieved, with Emmac, Socati, Regent and Yooya we have a monster company being created.
The fact that Dream Incubator are wanting SHARES and not cash tells me everything I need to know about where this is going.
Have a check of the shareholders in Dream Incubator you’ll be impressed.
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