ORGANO announced yesterday it has entered into a joint venture with Digital SkyNet Limited to pursue market opportunities related to Blockchain technologies. They have announced they believe they can create more significant competitive advantage through Blockchain related solutions than either company could achieve alone.
Under the terms of the agreement, each company will own an equal share of the newly formed joint venture Company.
“The ORGANO brand is one of the most well known and respected brands in the global nutrition industry and this historic transaction provides tremendous value to the shareholders of both companies,” said ORGANO VP of Technology Innovation, Joel Binn. “We look forward to partnering with Digital SkyNet, a well respected Blockchain solutions developer, in what will be an exciting new chapter in the history of ORGANO.
“I LOOK FORWARD TO OUR NEW ORGANO INNOVATIONS SHOWING UP IN THE GLOBAL MARKETS AND BENEFITTING THE THOUSANDS OF ORGANO CUSTOMERS AND DISTRIBUTORS FOR YEARS TO COME.” Holton Buggs, CVO and Global Brand Ambassador of ORGANO
Holton Buggs, CVO and Global Brand Ambassador of ORGANO said, “I look forward to our new ORGANO innovations showing up in the global markets and benefiting the thousands of ORGANO customers and distributors for years to come. This joint venture affords both companies the opportunity to identify, develop and monetize Blockchain related opportunities through the creation of the very first strategic joint venture to bring a leading direct seller of nutrition and beauty products into alignment with a highly innovative and successful Blockchain solutions development company.”