trending Market Intelligence /marketintelligence/en/news-insights/trending/crtsbafuhh4pikykf9wvra2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Innovus acquires e-commerce storefront in all-cash deal


COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021


Climate Credit Analytics: Linking climate scenarios to financial impacts


Global M&A Infographic Q1 2021


Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge

Innovus acquires e-commerce storefront in all-cash deal

Innovus Pharmaceuticals Inc. has acquired all assets of e-commerce storefront in an all-cash transaction.

San Diego-based Innovus reached a deal with 2464573 Ontario Inc. to acquire the online business, which generated about $1.2 million in the past 12 months. Innovus expects the acquired assets will raise about $2 million in revenue during 2019.

Bassam Damaj, president and CEO of Innovus, said the acquisition will help the company diversify its marketing and sales channels. Innovus plans to acquire additional e-commerce stores and assets as well.

Innovus is a pharmaceutical company that engages in commercializing, licensing and developing nonprescription medicine and consumer care products in the U.S.