Lifevantage Corporation (Nasdaq: LFVN) is between The most profitable consumer defensive actions to buy now. On Thursday, Lifevantage Corporation (Nasdaq: LFVN) announced the completion of its acquisition of Lovebiome, a direct sales company specialized in care and well -being solutions of microbiomas. The transaction covers the central operating assets of Lovbiome related to its microbiome health segment, as well as the retention of key personnel.
When integrating the P84 product of Lovebiome with the company’s first level technologies and the compensation structure, this acquisition allows Lifevantage Corporation (Nasdaq: LFVN) to expand its offers in the intestinal health market while solidifying its presence in the markets of the United States, Taiwan and Europe.
Although Lifevantage Corporation (Nasdaq: LFVN) disappointed with the results of the recent quarter, the company has now positioned itself as leader in the emerging health sector of microbiomas through acquisition. As expressed by Steve Figfe, president and CEO of Lifevantage Corporation (Nasdaq: LFVN),
“We are pleased to have closed the acquisition of Lovebiome and we hope to work with Kelly Olsen and the Lovebiome team.”
Lifevantage Corporation (Nasdaq: LFVN), based in Lehi, Utah, is a company that provides advanced nutrigenomic activators, dietary supplements and products for skin and hair care, among other products. With the commitment to transform people’s lives, the company’s central offers include Protandim, Lifevantage Omega+and Lifevantage Daily Wellness.
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Disclosure: None.
(Tagstotranslate) Lifevantage (T) Lovebiome (T) Direct Sales Company