Smokefree Innotec Inc (OTCMKTS: SFIO) recent news suggests the company signals a turn around. A change of industry to health and wellness retail products market along with becoming current with filings was mentioned.
Smokefree Innotec Inc (OTCMKTS: SFIO) Recent Press
Recent press from Smokefree Innotec Inc (OTCMKTS: SFIO) announced a series of updates including a reverse merger with Better4u Brands Inc., the makers of NEO Water. Better4u Brands’s NEO Water manufactures high pH alkaline bottled water. The water is available from many outlets including Amazon NEO Water – 9.5pH Alkaline, Electrolyte, Antioxidant Water.
NEO Water is primarily distributed by United Natural Foods Inc (NYSE: UNFI), Kehe Food Distributors and select Direct Store Delivery distributors. Betta4U Brands Inc. acquired NEO Water in February, 2019 and at the time NEO Water posted over ten million ($10,000,000) in revenues.
Within the press release Smokefree Innotec Inc (OTCMKTS: SFIO) has started compiling the initial information to OTC Markets needed to become current. This would be a significant milestone from the company and current shareholders.
Smokefree Innotec Inc (OTCMKTS: SFIO) plans to seek a name and symbol change by application to FINRA to better reflect the new business model was also mentioned. Management explained that it expects that such milestones will be completed in the coming months.
Smokefree Innotec Inc (OTCMKTS: SFIO) Quotes from Corionne Washington, Court Appointed Custodian
“I’m extremely pleased we were able to revitalize and transform Smokefree Innotec back into a viable business once more.”
“We believe that the Betta4U Brands leadership is ready and primed to deliver for the SFIO shareholders.”
The recent announcement on September 25th, 2019 via BusinessWire and can be viewed here Smokefree Innotec, Inc Provides Shareholder Update and Announces Merger and Change of Control