2023-03-13 14:23:27 ET
The health and wellness %BeverageIndustry is showing strong growth through recent investment and mergers and acquisition activity by industry giants. And this company’s shares are moving up after a recent announcement.
Craft beer industry investor and operator %1812BrewingCompany () announced that it has signed a Memorandum of Understanding with ERApeutics, LLC. Per the company’s press release, the agreement will enable the company to commence production and marketing of its novel natural-source, plant-based, science-supported functional food and beverage products for cognitive health.
Under the EVERMIND brand, the company will commercialize science-supported, plant-based beverages for cognitive health that provide both short-term and long-term brain health benefits in one convenient daily ritual. The brand utilizes doctor-formulated clean, real-food ingredients, delivering on compelling benefit drivers such as clean energy, mental focus, and long-term brain health.
Shares were trading up at $0.00045 in morning trade.