SciSparc Nutraceuticals Signs Agreement With Logistics Facilities, Expected To Optimize Handling and Shipment Processes and Reduce Direct Sales Costs

SciSparc Ltd. SPRC announced that SciSparc Nutraceuticals Inc., its wholly owned subsidiary, has signed an agreement with logistics facilities in New Jersey, U.S. as part of SciSparc Nutraceuticals' plans to expand sales of its WellutionTM ("the brand") products to new online platforms.

The logistics facilities are located near the second largest port in the U.S., Newark Airport and JFK Airport in New York. The logistics facilities offer an aggregate of 100,000 square feet with 20 loading docks for loading and unloading containers and trucks. The facilities handle supply chain, inventory and order processing for many e-Commerce businesses.

"The success of an online brand depends, amongst other things, on operational efficiency and low costs that enable high margins on each sale. The establishment of access to advanced logistics infrastructure, to support our shift from selling our products on Amazon to making direct sales and expanding to additional eCommerce platform, is a key element in our plans for the future," Oz Adler, SciSparc's Chief Executive Officer, commented. "The facilities we engaged with offer a wide range of services - from intake and storage space for WellutionTM products, order processing direct shipping to the brand's customers and more. We intend to commence preparations for the launch of our direct sales operations and we explore possible platforms to launch the brand’s products".

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