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VANCOUVER, BC, April 1, 2022 /CNW/ – Lifesupply Health Supplies Inc. (the “Company” or “Lifesupply”), a national online retailer of medical, health and safety products, is pleased to announce that it has acquired all of the assets of 1230037B.VS. ltd. doing business as Smart Move Medical (“Smart Move”).
Smart Move is an importer and distributor of approximately 1,000 sustainable health and medical products from several different manufacturers in Asia, ranging from electric wheelchairs and mobility scooters to long-term care beds. The company distributes the products under its own brand “Smart Move Medical”, focusing on innovation, functionality and value, as well as promoting independence and improving the quality of life of people who use them.
Lifesupply has acquired all inventory, intellectual property and other assets owned by Smart Move. The company intends to hire the founder of Smart Move to run Lifesupply’s wholly-owned subsidiary, Meddirect Distribution Corp.
Smart Move’s customer base currently consists of pharmacies, wholesalers and distributors. The company markets its products through an Amazon storefront and the smartmovemedical.com website. Leveraging Lifesupply’s experience and capital, future growth is anticipated through expansion into other provinces and adding large distributors to its customer base.
“This acquisition strengthens our distribution arm, providing Lifesupply with access to a broader network of suppliers and products internationally.” noted Abdul Ladha, CEO of Lifesupply. “This is the next step on our path to growth through accretive acquisitions, and we see Smart Move as a seamless addition to the Lifesupply platform. The acquisition should have an immediate positive impact on our margins and our ability to access new products. “
Lifesupply is a marketer and seller of medical, health and safety products and related services. The Company operates various online sites, including “lifesupply.com” and “lifesupply.ca”, which provide consumers with access to more than 50,000 products (SKUs) of health and medical products.
The company has over a decade of experience in the medical supplies industry and an exceptional team of founding investors who form the basis of its operations. Lifesupply’s goal is to grow organically and through acquisition, with the goal of making the company one of the nation’s largest suppliers of medical, health and safety products.
Lifesupply plans to continue expanding through acquisitions by acquiring profitable businesses that complement the company’s business model. The Company plans to integrate these operations into its existing operations, which will enable it to offer a broader range of inventories, products and services to its customers.
This press release and previous press releases are available on the Company’s website at www.lifesupplyhealth.com.
CAUTION REGARDING “FORWARD-LOOKING” INFORMATION
This release contains certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this press release, other than statements of historical fact, including statements regarding future estimates, plans, goals, timing, assumptions or expectations of future performance, including, without limited thereto, statements relating to the Company’s growth strategy, business objectives and goals, the expansion of its e-commerce offering, the expansion of the Company’s product portfolio, the Company making accretive acquisitions and that these acquisitions result in growth in the B2C and B2B channels, the Company expanding its medical and healthcare offerings, the efficient delivery of products and the Company’s anticipated presence in the Canadian wholesale market are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “would”.
Forward-looking statements are based on certain material assumptions and analyzes made by the Company and the opinions and estimates of management as of the date of this press release, including that the Company will be able to execute its business goals and objectives. , that the will continue to grow as expected, that the Company will be able to identify and acquire suitable target companies to grow its business, identify and offer additional healthcare products and more effectively leverage its technology and distribution network for deliveries.
These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or information. Important factors that could cause actual results to vary include, but are not limited to, general business and economic conditions in the regions in which the Company operates, the fact that the Company will not be able to find suitable acquisitions to develop its B2B and B2C channels, that the Company will not be able to find the right products to expand its healthcare offerings, and that the Company will not be able to streamline its technology and distribution network to make the faster, more reliable and more cost-effective deliveries.
Although the Company’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements or information, there may be other factors that cause the results are not those anticipated, estimated or intended. . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on this information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statements or forward-looking information except in accordance with applicable securities laws.
SOURCE Vital Food
For more information: Investor Relations, [email protected]1 (833) 811-LIFE (5433), (Visit www.lifesupplyhealth.com)