Medjet, Inc., a medical technology research and development company, and For The Earth Corporation, an eco-friendly and green consumer products solutions provider, announced that they have signed a letter of intent to merge through a public stock purchase agreement. The non-binding agreement was recently finalized during a meeting between the two companies.
The merger will capitalize in the rapid growth in the green consumer products market, which is defined by products that have a reduced adverse impact on human health and the environment. Prior to the merger, For The Earth Corporation has been utilizing the 30 years of combined experience within its management team to successfully develop and market a wide range of green consumer products for both people and pets that use numerous all-natural ingredients.
In commenting on the merger, Nelson Grist, CEO and President of For The Earth Corporation, stated, “I am excited to complete this merger with Medjet, Inc. as it will help our company build credibility as a premier eco-friendly consumer product company. Partnering with this public company will also help our company to ramp up quickly by leveraging their expertise, leadership, and technical prowess.”
Grist added, “Becoming a public company will also help us raise the necessary funds to fuel our expansion plans and build brand awareness. Recent consumer research indicates that green products will continue to experience double-digit growth into the future as more consumers and businesses seek out products that do not harm the environment. Within the next four years, our plan is to extend our natural product solutions through internal product development and company acquisitions. This will include a line of all-natural cleaning products and health care products.”
After the merger is completed, For The Earth Corporation will hold the controlling interest in the new company. More information about the merger will be released at a later date.
All stocks in this section are the opinion of the author and should not be taken as investment advice. Please do your own due diligence before buying or selling any security.