Cheetah Net acquires JoyPak Supply for $788k to diversify products
The acquisition supports long-term growth and enters the consumer, beauty, personal care, and everyday-use product categories.
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Supply chain services company
cheetah-net.comLast updated
In short: Cheetah Net expanded through multiple acquisitions and transitioned its core business from vehicle sales to logistics services.
The acquisition supports long-term growth and enters the consumer, beauty, personal care, and everyday-use product categories.
For $4.98 million cash, expanding cross-border capabilities with $10M revenue targets.
The company reported a net loss of $512,528 with revenue increasing nearly 280% to $354,126 due to tariff impacts and strategic business adjustments.
The company incurred a $5.2 million net loss while shifting focus to logistics acquisitions including Edward Transit and TWEW.
Cheetah Net agreed to acquire JoyPak Supply for $788,000 in cash, adding consumer, beauty and personal care products as the company continues to diversify beyond...
U.S. stock futures fell, with Nasdaq 100 futures down 500 points. Corning dropped 8% after a $2B...
Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT) shares dropped 70% to $0.35.
Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least...
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