Yooma Wellness acquires Vitality CBD

THE WHAT? Yooma Welnness has announced that it has acquired Vitality CBD in a transaction valued at up to £10.2 million. THE DETAILS The acquisition is part of Yooma’s stated ‘buy and build’ strategy and will add a significant source of recurring revenue to Yooma – Vitality reported a gross turnover of £1.6 million in the six months to June 30, 2021 – as well as expanding its target customer base and distribution network for its existing European-focused brands. THE WHY? Yooma Chairman, Lorne Abony explains, “Completing the acquisition of Vitality is the first step of the strategic plan the…

Yooma Wellness acquires Vitality CBD Topshelf News.

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