Santa Monica, CA, March 01, 2021 (GLOBE NEWSWIRE) — Oliveda Worldwide, Inc. (OTC Pink: OLVI), a number one worldwide pure cosmetics and wearable health and beauty know-how innovator, at present introduced the intention of its wholly owned Oliveda Group Inc. subsidiary, a California company, to file a Regulation A+ Tier 2 inventory providing to boost as much as $15 million in 2021. Proceeds of the deliberate providing are at present focused for enlargement of Oliveda operations in the US and can solely contain Oliveda Group inventory, not the inventory of Oliveda Worldwide, Inc.
Oliveda Group Inc.’s U.S. enlargement plans embody new Oliveda flagship shops in Los Angeles (Abbot Kinney Boulevard space), New York, San Francisco, and Miami; broader advertising of Oliveda merchandise all through the nation; possession of olive tree groves, the launch of recent merchandise; and probably the acquisition of further health and beauty firms.
Authorized counsel has been retained and work has been initiated on Type 1-A providing round, which is predicted to be filed with the U.S. Securities and Trade Fee as quickly as it’s finalized.
The corporate has prioritized rising the worth of its subsidiary operations with minimal dilution to OLVI shareholders, which is why the corporate’s issued and excellent frequent inventory has remained just about unchanged over the previous 4 years.
About Oliveda Worldwide, Inc.
Based in 2003 by German actual property investor Thomas Lommel, Oliveda Worldwide, Inc. is a number one worldwide pure beauty firm within the premium section. The corporate has additionally developed a globally distinctive wearable health and beauty know-how. Along with on-line gross sales and a world department community of 650 retail shops, the corporate’s wholly owned Oliveda Deutschland GmbH second-tier subsidiary operates flagship shops, Olive Tree Pharmacy, in Berlin and Dusseldorf with plans to open new areas in Los Angeles, Taipei and Seoul. Total, the corporate believes that it will likely be capable of function a complete of 60 of its personal flagship shops worldwide and enhance the retail retailer community worldwide to 1,200 over the following 5 years. By way of subsidiary operations, Oliveda Worldwide is the most important investor in eco-certified mountain olive timber in addition to the most important conservationist in Arroyomolinos de Leó, Spain. Additional info on Oliveda Worldwide may be discovered at http://www.oliveda.com, https://us.oliveda.com and http://www.olivetreepeople.com.
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