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CleanGo Innovations Inc. Subsidiary Kubera Black Technology to Acquire European Pharmaceutical Leader Freia Farmaceutici Srl, Targeting the Global Health Market
Thenewswire· 2025-12-17 08:00
Core Insights - CleanGo Innovations Inc. is set to acquire Freia Farmaceutici Srl, a strategic move aimed at expanding its presence in the global health sector [1][2][10] Company Overview - CleanGo Innovations Inc. is a publicly traded Canadian company focused on developing non-toxic and biodegradable cleaning solutions for various industrial markets [9] - Freia Farmaceutici Srl, established in 2009 and based in Milan, Italy, specializes in plant-based therapeutics and is recognized for its expertise in Vegetable Omegas [2][3] Freia's Product and Market Position - Freia develops non-drug therapeutic solutions from plant-derived actives, aligning with consumer trends towards well-being and disease prevention [3] - Key products include the ALFALIFE brand, known for its anti-inflammatory properties, and the Dermolife line of CE Marked Medical Devices for dermatological conditions [5] - Freia's revenue in 2024 exceeded €3.1 million, with plans for expansion into other European markets and access to Canadian and US markets post-acquisition [5][7] Transaction Details - The acquisition involves Freia shareholders exchanging their securities for up to 25 million common shares in Kubera [7] - The completion of the transaction is contingent upon due diligence, negotiation of a definitive agreement, and necessary approvals [7][12] Strategic Vision - The acquisition is expected to enhance CleanGo's market position by integrating Freia's innovative plant-based therapeutic solutions, particularly in the nutraceutical and aesthetic medicine sectors [10]
Protext Mobility, Inc. (OTC: TXTM) Announces CEO Statement Following Removal of Caveat Emptor Designation
Globenewswire· 2025-10-31 16:19
Core Insights - Protext Mobility, Inc. has entered a new growth phase following the removal of the Caveat Emptor designation, emphasizing transparency, accountability, and leadership alignment [2][5] - The company's management, including the President and Chairman of the Board, has demonstrated confidence in TXTM's long-term potential by purchasing over 200 million shares since 2024, indicating alignment with shareholders [3] - The CEO holds preferred shares and plans to acquire more, ensuring no dilution risk from management, while also intending to donate a portion back to the company to support its initiatives [4] - The company has no plans for a reverse stock split and is focused on strengthening fundamentals and driving organic growth to protect shareholder value [5] Company Overview - Protext Mobility, Inc. is a biotechnology company specializing in plant-based therapeutics through proprietary live plant extraction technologies [6] - The company's mission is to deliver highly bioavailable botanical formulations for nutraceutical and pharmaceutical applications, aiming to drive innovation in global wellness [6]