Sharing Services Global (OTCQB: SHRG) has provided $1.4 million in funding to Stemtech Corporation (OTCQB: GNTW), an innovative nutraceutical company and a pioneer in the field of stem cell nutrition. Included in the transaction is the announcement that SHRG CEO John “JT” Thatch will be named a member of the Stemtech Corporation board of directors. A leading development company and service provider in the direct-to-consumer space with more than $100 million in annual revenues, SHRG looks for opportunities to leverage the capabilities and expertise of various companies that market and sell products direct to the consumer. “Stemtech is proud to receive funding from Sharing Services Global Corporation as a strategic investment,” said Stemtech CEO and chair Charles Arnold in the press release. “As a significant player in the direct-selling industry, SHRG understands the potential of Stemtech Corporation, and we believe that this strategic investment will be mutually beneficial and is validation for our growth strategy going forward.”
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About Sharing Services Global Corporation
Sharing Services Global, formerly Sharing Services Inc., is a publicly traded, diversified company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. The Sharing Services combined platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer. One of its primary division is Elevacity U.S. LLC, a sales and marketing company based on utilization of independent contractors as the sales force. For more information about the company, please visit www.SHRGInc.com and www.Elevacity.com.
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