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Scandia To Buy Xtreme Organics For Undisclosed Sum

Scandia Inc

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<ul>
	<li>Home healthcare services provider&nbsp;Scandia Inc&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SDNI#OTC">SDNI</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/06/n21602077/scandia-inc-announces-acquisition-of-xtreme-organics-inc-to-expand-growth-in-medicinal-chemicals-a" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">has agreed to acquire</a>&nbsp;a majority equity stake in&nbsp;Xtreme Organics Inc, a manufacturer and distributor of organic Cannabidiol&nbsp;(CBD) supplements.</li>
	<li>Scandia did not disclose the terms of the acquisition.</li>
	<li>The acquisition is aimed at Scandia&rsquo;s growth in the Medicinal Chemicals and Botanical Products space.</li>
	<li>&ldquo;We are looking forward to growing the business of Xtreme Organics and look forward to the next generation of organic hydration and energy products, as well as a new sports water that we feel will change the game in athletic performance,&rdquo; said Jamie Allen, Chief Executive Officer.</li>
	<li>Jamie Allen was the founder and CEO of Xtreme Organics.</li>
	<li>Price action: SDNI shares closed higher by 25% at $1.95 on Wednesday.</li>
</ul>

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