Jeffs' Brands Joins Hand With SciSparc For New Line Of Products

by Shivani Kumaresan, Benzinga Staff Writer

November 15, 2022 11:40 AM | 1 min read | Make a Comment

Jeffs' Brands Ltd JFBR has entered into a letter of intent (LOI) with SciSparc Ltd SPRC, a specialty pharmaceutical and food supplements company, to form a joint venture.
Jeffs' Brands will be responsible for the online marketing of the products developed by SciSparc as part of the JV.
The venture will develop a new food supplements product line and aid in its online marketing.
Each of the two companies in the joint venture will hold 50%. The transaction will be subject to the negotiation and preparation of definitive documentation.
Price Action: JFBR shares are trading higher by 3.15% at $1.93 on the last check Tuesday.

Posted In: News Penny Stocks General Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.