- Upexi Inc UPXI said its children's toy brand, Tytan Tiles, has signed a licensing agreement with The Walt Disney Company DIS. The financial terms were not disclosed.
- Upexi will be developing and launching new branded products under the agreement.
- The agreement covers key Disney brands such as Frozen, The Lion King, Toy Story, Cars, along with many others.
- Also Read: If You Invested $1,000 In Disney Stock When They Acquired Star Wars Parent Lucasfilm, Here's How Much You'd Have Now
- The initial launch has been planned for the 2023 holiday season.
- “Having the ability to launch new products licensed under an iconic brand such as Disney is yet another growth opportunity that we believe will drive our multi-year, compounding growth story,” said CEO Allan Marshall.
- Also Read: Upexi Streamlines Third Party Logistics Locations To Cut Costs By $1M-$1.5M
- Price Action: UPXI shares are trading higher by 4.55% at $4.37 on the last check Monday.
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