Creatd Acquires Majority Stake in Health Food Provider Plant Camp

June 4, 2021 12:43 PM | 1 min read | Make a Comment

Creatd Inc CRTD acquired a 56% additional stake in kid-friendly health food company Plant Camp, LLC, via its subsidiary, Creatd Partners. Post the latest buy, Creatd boasts 89% ownership.
The financial terms of the transaction were not disclosed.
Creatd Partners will control Plant Camp’s operations as the majority owner. Additionally, Creatd will recognize Plant Camp’s revenue in the financial statements.
Creatd estimates $1 million in annual revenues from Plant Camp.
Creatd held $2.8 million in cash and equivalents as of Mar. 31, 2021.
Price action: CRTD shares traded lower by 5.06% at $3.75 on the last check Friday.