A new phase in Rite Aid’s two-decade-long quest to fully recover from the criminal financial irregularities that pushed it to the brink of bankruptcy in the late 1990s began last month with top-level management changes and an organizational realignment designed to, in the words of Bruce Bodaken, chairman of the drug chain’s board of directors,
BOULDER, Colo. — Mile High Labs, the largest extractor of CBD in the world, achieved another historic financing event with the close of a $65mm term loan facility, one of the largest non-dilutive capital raises in the sector to date. The financing comes on the heels of the largest Series A equity raise in cannabis market
PURCHASE, N.Y. — PepsiCo Friday announced that Steven Williams, currently senior vice president and chief commercial officer for Frito-Lay’s U.S. operations, has been appointed to the role of chief executive officer of PepsiCo Foods North America (PFNA), which includes Frito-Lay North America (FLNA) and Quaker Foods North America (QFNA), effective immediately. Williams replaces Vivek Sankaran who will
WASHINGTON — The Consumer Healthcare Products Association (CHPA) applauds the introduction of the Restoring Access to Medication Act. The bipartisan legislation would reinstate consumers’ ability to purchase over-the-counter (O-T-C) medicines with tax-preferred savings accounts, including Flexible Spending Arrangements (FSAs) and Health Savings Accounts (HSAs). The legislation, authored by Representatives Ron Kind (D, Wis.), Grace Meng (D, N.Y.),
LOS ANGELES— Earlier this year, Klee Irwin, owner and founder of Irwin Naturals, named Timothy Toll chief executive officer. This move comes at a time of rapid growth for Irwin Naturals, a leading health and wellness company with a long history of providing its customers with quality and affordable health supplements spearheaded by its flagship brand of all-liquid
DEERFIELD, Ill.— Washington, Michigan and Wisconsin were the lead states in Walgreens Flu Index for week ending March 16, 2019. The Walgreens Flu Index is a weekly report developed to provide state- and market-specific information regarding flu activity, and ranks those states and markets experiencing the highest incidences of influenza across the country. Now in its
ASHEVILLE, N.C. — One of the fastest-growing brands in the pain management category has been Avadim Health Inc.’s popular topical solution for spasms and cramps, Theraworx. Ralph Lombardo, Avadim Health’s senior vice president of sales and marketing, notes that the brand has been well received since it was launched nationwide in 2017. “Theraworx Relief Foam
OXNARD, Calif. – CURE Pharmaceutical Tuesday announced it has broadened its U.S. Drug Enforcement Administration (DEA) license as an authorized manufacturer of Schedule 1 substances to include both cannabis plant extracts and synthetic cannabidiol (CBD). This license allows CURE to take advantage of its latest U.S. Patent No. 10,238,705 issuing this month for the extraction and purification of
DENVER —IRI‘s 2019 Growth Summit kicked off Monday at the new Gaylord Rockies Resort and Convention Center in Denver, Colo. with a record attendance of approximately 1,600 participants expected during the three-day event. The Chicago-based market research firm’s 16th annual IRI Growth Summit, runs from March 11 to 13 features visionaries and leaders from the
KENNEBUNK, Maine — Tom’s of Maine recently debuted nine new natural care offerings in the oral care and personal hygiene space. Matt Smith, associate marketing director at Tom’s of Maine, said the new additions are part of the company’s new brand campaign called Wake Up Well, which helps shoppers understand that natural care can be
CAMP HILL, Pa. — In an effort to help address adolescent drug abuse and misuse in Ohio, The Rite Aid Foundation is bringing the Prescription Drug Safety program, an innovative digital course about prescription drug abuse prevention, to Akron-area high schools. The program, developed by EVERFI, the nation’s leading education technology innovator used in one
FORT WORTH — After five years of design, two years in development, and now shipping thousands of units to customers, breakthrough psoriasis treatment Prosoria is poised to make its mark in the over-the-counter skin care market. According to Art Clapp, president and chief executive officer of Prosoria manufacturer Nuvothera, Inc., over 85% of psoriasis patients wish they had better, longer lasting
WEST DES MOINES, Iowa — For the second year, Hy-Vee, Inc. will be providing free biometric screenings throughout its eight-state region during Heart Health Month in February. Hy-Vee dietitians working out of Hy-Vee Healthy You Mobiles will offer the free biometric screenings to customers at 150 Hy-Vee stores. Appointments will be taken on a first-come, first-served
DEERFIELD, Ill. — Nebraska, New Mexico and Kentucky are in the top slots for State Flu Activity in Walgreens Flu Index for the week ending January 12, 2019. The Walgreens Flu Index is a weekly report developed to provide state- and market-specific information regarding flu activity, and ranks those states and markets experiencing the highest
