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Synergy CHC Corp. (NASDAQ: SNYR) Partners with AlaBev to Launch FOCUSfactor® Beverages in 5,000+ Retail Outlets Across Alabama
Globenewswire· 2025-09-17 13:06
Core Insights - Synergy CHC Corp. has announced a strategic distribution partnership with AlaBev to enhance the retail availability of its FOCUSfactor® product line in Alabama [1][4] - The partnership aims to leverage AlaBev's extensive distribution network to reach over 5,000 retail locations, making FOCUSfactor products more accessible to consumers [2][6] Company Overview - Synergy CHC Corp. specializes in consumer health and wellness products, with FOCUSfactor being a clinically studied brain health supplement and functional beverage line [8] - The company has established distribution channels in the U.S., Canada, and the U.K., partnering with major retailers such as Costco, Walmart, and Amazon [8] Distribution Partnership - AlaBev, with nearly 120 years of experience, will distribute FOCUSfactor products, enhancing Synergy's market penetration in the Southeast [3][5] - The partnership is expected to drive brand awareness and sales growth, aligning with the increasing consumer demand for functional beverages [4][6] Market Trends - Functional beverages are outpacing traditional energy drinks, driven by consumer interest in nootropic ingredients and cognitive health support [4] - The collaboration with AlaBev is part of Synergy's broader strategy to expand its functional beverage business through regional partnerships [6][7] Future Outlook - The company anticipates announcing additional retail partnerships and distribution deals in the near future, indicating ongoing growth and market expansion [7]
Synergy CHC Corp. Announces Pricing of $4.375 Million Public Offering
Globenewswire· 2025-08-26 01:30
Core Viewpoint - Synergy CHC Corp. has announced a public offering of 1,750,000 shares at a price of $2.50 per share, aiming for gross proceeds of $4.375 million before expenses [1] Group 1: Offering Details - The offering includes a 45-day option for underwriters to purchase an additional 262,500 shares at the same public offering price [1] - The expected closing date for the offering is August 27, 2025, pending customary closing conditions [1] - The company will issue warrants to the underwriter for the purchase of up to 52,500 shares, which can increase to 60,375 shares if the over-allotment is exercised [3] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and other general corporate purposes [2] Group 3: Company Overview - Synergy CHC Corp. specializes in consumer health and wellness products, with flagship brands including FOCUSfactor® and Flat Tummy® [7] - FOCUSfactor® is a clinically studied brain health supplement with a 25-year legacy, distributed in major retailers across the U.S., Canada, and the U.K. [7] - The company is experiencing growth and expanding into new markets, with recent retail successes expected to drive gains in late 2025 [7]