iMD Companies, Inc. Subsidiary Riize, LLC to Expand Product Line With Contracted Telemedicine Doctors
IMD COMPANIES INC (ICBU)
NASDAQ:AMEX Investor Relations:
imdcompaniesinc.com
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Source: GlobeNewswire
New Products Include High Demand Hair Loss, Weight Loss, and Woman's Libido Products RANCHO CORDOVA, CA, Sept. 04, 2024 (GLOBE NEWSWIRE) -- iMD Companies, Inc. (OTC: ICBU) has completed the acquisition of Riize, LLC (Riize). As a dynamic and growing Telemedicine company, Riize will soon be expanding its products and markets, bringing additional value and growth opportunities to both companies. Riize has quickly established itself as an innovative online provider to the men's and women's personal healthcare market. In less than twelve months, from September 2023 through March 2024, Riize saw dynamic growth of 6x in sales order volume and 3x in its online subscriber base for its sexual health product lines. Riize anticipates adding products for TRT (Testosterone Replacement Therapy), HRT (Hormone Replacement Therapy) and Hair Growth beginning sometime mid-September 2024. These products will target consumer personal care verticals with projected growth rates of 8% or more.
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News
- iMD Companies and Its Subsidiary Riize Health Announce Official Product Line Launch of Riize HairGlobeNewswire
- iMD Companies and Its Subsidiary Riize Health Announce New Product Lines: Riize Hair & Riize Weight MaintenanceGlobeNewswire
- iMD Companies and Its Subsidiary Riize, Open and Launch Telemedicine Platform in CanadaGlobeNewswire
- iMD Companies, Inc. Completes Acquisition of Riize, LLC [Yahoo! Finance]Yahoo! Finance
- iMD Companies, Inc. Completes Acquisition of Riize, LLCGlobeNewswire