Health Up, Inc acquired Bio Essence Herbal Essentials, Inc. from Bio Essence Corporation on for $0.4 million
April 03, 2024
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Health Up, Inc entered into an agreement to acquire Bio Essence Herbal Essentials, Inc. from Bio Essence Corporation (OTCPK:BIOE) on for $0.4 million March 28, 2024. The Board of Directors of Bio Essence Corporation approved the sale pursuant to a Consent Resolution dated March 28, 2024. The transaction is expected to close on March 31, 2024.
Health Up, Inc completed the acquisition of Bio Essence Herbal Essentials, Inc. from Bio Essence Corporation (OTCPK:BIOE) on April 1, 2024.
Bio Essence Corp. is a herbal health, diet, and nutrition company. The Company operates through its subsidiaries, including Bio Essence Pharmaceutical, Inc. (BEP), Bio Essence Herbal Essentials Inc. (BEH), and McBE Pharma, Inc. (McBE). The primary focus of BEP is producing products for BEH and McBE, along with providing original equipment manufacturing and private label services to other companies. BEH targets and develops traditional Chinese medicines (TCM) in the form of single herbs, granules, pills, and tablets. It also offers special formulated dietary supplements and medical food. The Company sells its products through channels, such as TCM practitioners, online Websites, including its own Website, and brick-and-mortar stores, such as GNC. The Company also focuses on providing customers direct connections with integrative healthcare practitioners such as dietitians, nutraceutical practitioners, and other practitioners in this discipline worldwide.