Xspand Products Lab Inc., a product development company in Phillipsburg, has officially closed on the previously announced acquisition of its strategic partner, Edison Nation LLC for $950,000 and 990,000 shares of common stock.
Edison Nation is a consumer product development consulting firm. To date, it has investment more than $11 million into its proprietary platform, has generated more than 100,000 idea submissions which resulted in more than $250 million in retail sales, and has partnered with companies such as Amazon, Bed Bath & Beyond, Walmart, Rite Aid and more.
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