Yooma Wellness is an Asian focussed house of brands, focussing on the marketing and distribution of CBD/Hemp wellness products through a network of sales channels in Asia. They have just gone through a reverse merger with Globalive Technology Inc. The valuation of the combined entity is ~$25/30m with cash of ~$5m (17-20% of MCAP) it looks to be a really well capitalized business ready to hit the ground running.
Yooma currently operate an in-house/licence model whereby they take leading household brands in the CBD/Hemp space and build them out in the luxury/mid-market in China, Japan, Taiwan etc through various methods including cross-border e-com in China and on various Alibaba platforms.
They’ve recently signed a licensing agreement with Emmac Life Sciences where Yooma have exclusive rights for the distribution and sale of the Emmac Brands in China, Japan, Taiwan and Australia as well as non-exclusive distribution rights in certain other global markets. This gives them access to leading European brands in the clean skincare/nutraceutical space and will allow Yooma to setup a TMall flagship store.
Okay, so this is where it gets really interesting. The board is a real heavy hitting board, made up with a combination of heavy hitting Cannabis industry professionals (ex-Nuuvera/ex-Aphria) and serial entrepreneurs. The majority of the board are made up of the same team that sold Nuuvera to Aphria for $826m - pretty blown away by the success of this board. It’s not just cannabis they’ve succeed in - they built Fun Technologies (one of the fastest growing companies on the TSX) and sold it for $500m.
I like the look of this business a lot. They are trying to unlock a huge opportunity in the cannabis space (Asia) where if successful, would make Yooma a target for any weed company looking to grow its footprint in Asia/China. They look to be working with some pretty cool brands and unlocking the Asian market for them would be huge.
Would it be possible to get this stock listed?