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

Benzinga · 11/15/2022 11:40
  • Jeffs' Brands Ltd (NASDAQ:JFBR) has entered into a letter of intent (LOI) with SciSparc Ltd (NASDAQ: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.