TORONTO–(BUSINESS WIRE)–Jamieson Wellness Inc. (“Jamieson Wellness” or the “Firm”) (TSX: JWEL) as we speak introduced it has accomplished the beforehand introduced acquisition of Nutrawise Well being & Magnificence Company (“Nutrawise”), a number one innovator, producer and marketer of premium dietary supplements underneath the youth model in the US and different worldwide markets, for roughly US$210 million ($265 million1), plus potential extra consideration contingent on attaining pre-determined development targets post-closing.

The acquisition offers the Firm with a platform for growth within the US VMS market via the addition of its premium model and product providing, extremely complementary to the Firm’s branded portfolio. The transaction is instantly accretive with 2022 professional forma revenues of $155 million to $159 million2 and Adjusted EBITDA3 of $28 million to $29 million.

In reference to the closing of the Nutrawise acquisition, the Firm’s subsidiaries, Jamieson Laboratories Ltd. and Jamieson Well being Merchandise USA Ltd., efficiently amended and restated their present senior credit score services pursuant to a second amended and restated credit score settlement (the “Credit score Settlement”) with a syndicate of lenders. The Credit score Settlement provides the Firm’s newly acquired subsidiary, NutraWise Well being & Magnificence LLC, as a borrower thereunder, extends the maturity date of the credit score services to July 19, 2027 and offers availability of as much as $500 million underneath revolving credit score services, plus an expanded accordion function of as much as $250 million, offering for future development alternatives.4

“The closing of this transaction considerably enhances our world platform, opening thrilling new development alternatives for Jamieson Wellness,” mentioned Mike Pilato, President and CEO of Jamieson Wellness. “With our new group members, model and state-of-the-art manufacturing facility, we’re nicely positioned to speed up our growth within the largest vitamin, mineral and complement market on the earth. We stay up for persevering with to work intently with co-founders Darren and Patty Impolite and the Nutrawise group to combine youth into the Jamieson Wellness portfolio, leveraging our mixed strengths to enhance the well being and wellness of shoppers around the globe.”

Extra particulars on the transaction could be discovered within the investor presentation on the Firm’s web site right here.

“We’re thrilled to formally be a part of the Jamieson Wellness group as we speak,” mentioned Darren Impolite, co-founder of Nutrawise. “We stay up for working as a part of the Jamieson group to proceed to develop the youth principle model in the US and internationally.”

About Jamieson Wellness Inc.

Jamieson Wellness is devoted to bettering the world’s well being and wellness with its portfolio of progressive pure well being manufacturers. Established in 1922, Jamieson is the Firm’s heritage model and Canada’s #1 client well being model. Jamieson Wellness additionally affords a wide range of VMS merchandise underneath its youth principle, Progressive, Sensible Options, Iron Vegan and Precision manufacturers. The Firm is a participant of the United Nations World Compact and adheres to its principles-based method to accountable enterprise. For extra data please go to

Jamieson Wellness’ head workplace is positioned at 1 Adelaide Road East Suite 2200, Toronto, Ontario, Canada.

Ahead-Wanting Data

Sure statements included on this press launch represent forward-looking data throughout the that means of relevant securities legal guidelines, together with, however not restricted to, these recognized by the expressions “anticipate”, “anticipate”, “intend”, “could”, “will ”, “estimate” and variations of such phrases and comparable expressions. Among the particular forward-looking statements on this press launch embody, however will not be restricted to, statements with respect to the anticipated advantages of the transaction to the Firm and its shareholders and the extra income and Adjusted EBITDA anticipated to accrue to the Firm on account of the transaction. There could be no assurance that the anticipated advantages of the transaction will consequence.

Ahead-looking data is predicated on quite a few key expectations and assumptions made by the Firm together with, with out limitation: the anticipated future revenues and earnings of the Nutrawise enterprise will consequence; the timeline to combine the acquisition and alternate charges. Though the forward-looking data contained on this press launch is predicated on what the Firm’s administration believes to be affordable assumptions, the Firm can not guarantee buyers that precise outcomes can be according to such data.

Ahead-looking data entails important dangers and uncertainties and shouldn’t be learn as a assure of future efficiency or outcomes as precise outcomes and occasions could differ materially from these expressed or implied in such forward-looking data. These dangers and uncertainties embody, amongst different issues: the likelihood that the anticipated advantages of the transaction is not going to be realized when anticipated or in any respect; forex and rate of interest fluctuations; and the lack to realize or maintain income and earnings development. Extra details about dangers and uncertainties associated to the Firm and the assumptions related to sure forward-looking data is mentioned underneath “Danger Components” within the Firm’s Annual Data Kind dated March 29, 2022 and underneath “Abstract of Components Affecting Our Efficiency“, “Ahead-Wanting Data“, “Danger Components” and “Outlook” within the MD&A filed Could 5, 2022, each of which can be found on SEDAR at The Firm cautions that the checklist of threat elements and uncertainties will not be exhaustive and different elements may additionally adversely have an effect on the Firm’s outcomes. Readers are urged to contemplate the dangers, uncertainties and assumptions related to these statements fastidiously in evaluating the forward-looking data and are cautioned to not place undue reliance on such data.

This forward-looking data is predicated on the Firm’s affordable assumptions and beliefs in mild of the data presently obtainable to it and the statements are made as of the date of this press launch. The Firm doesn’t undertake any obligation to replace such forward-looking data, whether or not on account of new data, future occasions or in any other case, besides as expressly required by relevant legislation.

Non-IFRS and Different Monetary Measures

This press launch makes reference to sure monetary measures, together with non-IFRS measures which are historic or which are forward-looking. Administration makes use of these monetary measures for functions of comparability to prior intervals, improvement of future projections and earnings development prospects, to measure the profitability of ongoing operations, in analyzing our enterprise efficiency and developments and in evaluating the transactions and the financing thereof. These measures will not be acknowledged measures underneath IFRS, shouldn’t have a standardized that means prescribed by IFRS and are due to this fact unlikely to be corresponding to comparable measures offered by different corporations. The Firm makes use of on this press launch the next non-IFRS monetary measure: “Adjusted EBITDA”, essentially the most immediately comparable monetary measure that’s disclosed in its monetary statements being internet earnings. See the “How we Assess the Efficiency of our Enterprise” part of the Firm’s MD&A filed Could 5, 2022 for an evidence of the composition of such measure and see “Chosen Consolidated Monetary Data” of the Firm’s MD&A filed February 24, 2022 for a quantitative reconciliation of such measure to its most immediately comparable monetary measure disclosed within the consolidated monetary statements of the Firm and accompanying notes for such interval to which the measure relates, which disclosures are included by references herein.


1 All figures in $CAD hundreds of thousands except in any other case indicated.

2 Professional forma figures for 2022 give impact to the Nutrawise acquisition as if it had occurred on January 1, 2022.

3 It is a non-IFRS monetary measure. See the “Non-IFRS and Different Monetary Measures” part of this press launch for extra data on this non-IFRS monetary measure. Adjusted EBITDA of the Firm for the yr ended December 31, 2021 was C$100.1 million.

4 The syndicate is comprised of 8 banks. Financial institution of Montreal acted as Administrative Agent. BMO Capital Markets acted as Co-Lead Arranger and Joint-Bookrunner with Nationwide Financial institution of Canada, RBC Capital Markets and The Financial institution of Nova Scotia.