Scandia To Buy Xtreme Organics For Undisclosed Sum

by Shivani Kumaresan, Benzinga Staff Writer

June 17, 2021 8:48 AM | 1 min read | Make a Comment

Home healthcare services provider Scandia Inc SDNI has agreed to acquire a majority equity stake in Xtreme Organics Inc, a manufacturer and distributor of organic Cannabidiol (CBD) supplements.
Scandia did not disclose the terms of the acquisition.
The acquisition is aimed at Scandia’s growth in the Medicinal Chemicals and Botanical Products space.
“We are looking forward to growing the business of Xtreme Organics and look forward to the next generation of organic hydration and energy products, as well as a new sports water that we feel will change the game in athletic performance,” said Jamie Allen, Chief Executive Officer.
Jamie Allen was the founder and CEO of Xtreme Organics.
Price action: SDNI shares closed higher by 25% at $1.95 on Wednesday.