CARLSBAD, Calif. – New You, Inc. (NWYU) announced today that its Registration Statement on Form S-1 was declared effective by the Securities and Exchange Commission (SEC). Going forward, the Company will be fully reporting with the SEC.
Following the effective S-1 filing, New You, Inc. will apply in the coming days to begin trading in the OTCQB market. The Company expects the process of trading on the OTCQB to take approximately 30 days.
CEO Ray Grimm Jr. commented, “Our team spent a considerable amount of time and energy getting the S-1 filed. The review process for the S-1 took approximately 90 days. It just shows the credibility of our business and our openness to share our business. Within a very short period of time, NEW YOU, Inc. has exceeded our revenue expectations. We are optimistic that we will continue to grow not just organically, but through the potential acquisition of several businesses in the near future.”
New You, Inc.’s early success is due to the acquisition of NEWYOU LLC, a Hemp-based CBD company. NEWYOU LLC recently introduced a new CBD weight loss coffee and this product is receiving rave reviews.
ABOUT New You, Inc.
New You, Inc. is a publicly traded company (NWYU) that currently holds one subsidiary, NEWYOU LLC, a leading marketer and distributor of premium CBD products founded by CEO Ray Grimm Jr. A visionary entrepreneur and wellness industry pioneer, Grimm has founded six health and wellness companies growing three of them to over $50 million in sales in their first five years. New You, Inc. management will be focused on strategies to diversify revenue streams and develop new business models in the months ahead to determine which brands and/or products should be added next.
