Topic: How To Invest

Q: Hello, Pat. I have held Jamieson Wellness for the past year. What are you views on this company for the future? Thank you.

Article Excerpt

A: Jamieson Wellness Inc., $37.84, symbol JWEL on Toronto (Shares outstanding: 40.5 million; Market cap: $1.5 billion; www.jamiesonwellness.com), produces health and wellness products under several brands including Jamieson Vitamins, Iron Vegan, Progressive, Precision, and Smart Solutions. Established in 1922, the company’s products are now distributed to over 10,000 retail locations across Canada. They’re also sold online and in 45 countries worldwide. As part of a plan to grow significantly in the U.S. market, Jamieson announced on June 1, 2022, that it would acquire Nutrawise Health & Beauty Corporation. The sales price is $265.0 million. In addition, Jamieson could pay post-closing costs to Nutrawise for achieving growth targets. Nutrawise markets premium supplements under the Youtheory brand in the U.S. and in international markets. That brand offers a variety of products addressing beauty, general wellness, emotional wellness, digestive health, joint support, and men’s health. Nutrawise is expected to generate $157 million in revenue in 2022. Over the last five years, Jamieson’s revenue increased 50.0%, from $300.6 million…