- Creatd Inc CRTD acquired a 56% additional stake in kid-friendly health food company Plant Camp, LLC, via its subsidiary, Creatd Partners. Post the latest buy, Creatd boasts 89% ownership.
- The financial terms of the transaction were not disclosed.
- Creatd Partners will control Plant Camp’s operations as the majority owner. Additionally, Creatd will recognize Plant Camp’s revenue in the financial statements.
- Creatd estimates $1 million in annual revenues from Plant Camp.
- Creatd held $2.8 million in cash and equivalents as of Mar. 31, 2021.
- Price action: CRTD shares traded lower by 5.06% at $3.75 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
