Vanessa Abrahamson Blog: Vitro Biopharma acquires Fitore Nutrition and Infinivive MD, increasing revenue from innovative stem cell activation products and topical cosmetic stem cell serums.

GOLDEN, CO / ACCESSWIRE / August 31, 2021 / Vitro Biopharma, Inc. (“Vitro”) announced the acquisition of Fitore Nutrition (“Fitore”) and Infinivive MD (“Infinivive”). Fitore, a private company headquartered in Denver, Colorado, manufactures clinically validated nutritional supplements and sells them direct to consumers (D2C) through their unique digital marketing platform and SEO expertise.

Based in Cherry Creek, Colorado, Infinivive developed the world’s first topical cosmetic stem cell serum and is a nationally recognized company founded by one of the leading industry pioneers in cosmetic surgery, Dr. Jack Zamora MD

These two acquisitions will provide Vitro with significant new revenue, fund its therapeutic pipeline and expand Vitro’s overall stem cell regeneration capabilities. Vitro acquired Fitore Nutrition for $2,300,000 in a combination of notes and stock and Infinivive MD for $5,750,000 in an all-stock deal.

“The acquisition of Fitore & Infinivive gives us the opportunity to leverage the earnings of both companies, increase market awareness for Vitro and sell AlloRx Stem Cells® regenerative therapies.” said Jack Zamora CEO of Vitro Biopharma.

Vitro’s acquisition of the Fitore and Infinivive brands makes strategic sense for Vitro as it helps to (1) leverage synergies across therapeutic outcomes and bio-supplements, (2) align with management’s M&A growth strategy focused on acquisitions high growth, high margin business focused on e-commerce capabilities, (3) gives Vitro a significant online presence thereby expanding Vitro’s branding footprint.

“The integration of Fitore’s direct-to-consumer (D2C) technology platform will accelerate Vitro’s product penetration and brand awareness in the market for all of its products. To date we have had an incredibly successful partnership with Vitro with the co-development of Stemulife, formerly known as STEMulize and Spectrum+. Partnering with Vitro Biopharma only accelerates our mission as we continue to develop life-changing products based on Vitro’s scientific capabilities and growing market demand for natural health products,” said Tanner Haas, CEO of Fitore Inc.

“Fitore and Infinivive will give Vitro deeper access to direct sales channels and complement Vitro’s existing revenue drivers. Consolidated results from all operations are expected to generate sales of $3-5 million over the next 12-18 months, an increase of more than 300% on our pre-pandemic revenues,” said John Evans CFO and CEO of Vitro Biopharma.

ABOUT VITRO BIOPHARMA

Vitro Biopharma is a clinical-stage biotechnology company focused on the development of novel and proprietary world-class natural regenerative products. Vitro develops and commercializes adult stem cell technology for applications in stem cell research and drug development for the treatment of a variety of diseases and conditions. The Company’s innovative and proprietary technology platform produces umbilical cord-derived stem cells, AlloRx Stem Cells®, which are used in regenerative clinics to treat a variety of disease indications.

https://www.dvcstem.com/

The Company’s partner clinics continue to expand and these wellness clinics use our cosmetic and nutraceutical products in conjunction with their regenerative therapies. A patient enjoys a beautiful overseas destination and experiences a regenerative treatment with AlloRx Stem Cells® along with a spa setting featuring a topical cosmetic facial treatment and a supportive long-term nutraceutical stem cell activator.

The offshore revenue supports our clinical work in the US market. The approval of our recent IND for COVID-19 now positions the Company to advance Phase I and II clinical trials for disease indications that have been shown to be safe and effective in our offshore studies.https://www.vitrobiopharma.com/pages/pipeline

ABOUT FITORE NUTRITION

Fitore nutrition is a direct-to-consumer (D2C) and SEO technology platform that is clinically validated additions formulated by Vitro Biopharma’s world-leading physicians and stem cell scientists. Every Fitore nutritional ingredient is totally natural, sustainably sourced and of the highest quality, manufactured in a GMP and FDA registered facility in Commak New York. In 2021, Fitore sells its products directly to consumers through its unique digital marketing platform. Fitore Nutrition’s novel formulations include: stemlife, Thought calmer, Just sleepand spectrum +.

ABOUT INFINIVIVE MD

InfiniVive MD has developed the highest quality line of cosmetic stem cells and exosomes in cGMP quality. InfiniVive MD cosmetics stem cell products contain ultra-pure mesenchymal stem cells and exosomes used topically by plastic surgeons, cosmetic surgeons, and estheticians in the United States and internationally. Infinivive aims to revolutionize the cosmetics industry with next-level skin quality results.

Forward-Looking Statements

The financial performance statements contained herein have not been filed with the SEC and have not been reviewed by the Company’s auditors. Certain statements contained herein and subsequent oral or written statements made by and on behalf of the Company may contain “forward-looking statements”. Such forward-looking statements are identified by words such as “intend,” “anticipate,” “believe,” “expect” and “hope” and include, without limitation, statements about the Company’s business plan, product research and development activities, potential contractual arrangements, receipt of working capital, expected revenues and related expenses. Factors that could cause actual results to differ materially include, among others, market acceptance of the company’s products, general economic conditions, receipt of additional working capital, the overall condition of the biotechnology industry and other factors discussed in the company’s filings Company listed are the Securities and Exchange Commission. Most of these factors are beyond the Company’s control. Investors are cautioned not to place undue reliance on forward-looking statements. Except as otherwise required by applicable securities laws or regulations, the Company disclaims any intention or obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

dr Jack Zamora, MD
Chairman of the Board Vitro Biopharma, Inc.
(303) 999-2130 x1
www.vitrobiopharma

SOURCE: Vitro Biopharma, Inc.

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