
Jamieson Wellness Inc. Announces Redemption of Series A Preference Shares
TORONTO--(BUSINESS WIRE)--Jamieson Wellness Inc. ('Jamieson Wellness' or the 'Company') (TSX: JWEL) today announced that it will redeem its outstanding 2,527,121 Series A Preference Shares (the 'Preference Shares') currently held by an affiliate of DCP Capital Partners ('DCP') in connection with DCP's 2023 investment in the Company's Chinese business. The redemption will be effective on or about June 4, 2025 (the 'Redemption Date') and will be completed at a price of $40.19 per Preference Share for aggregate liquidation proceeds of $101,565,000. The Preference Shares are being redeemed in accordance with the terms of the contract, which provided DCP with the option to transact such redemption after the second anniversary of the issue date.
'As committed partners in Jamieson's China business and warrant holders, we maintain strong conviction in the Company's fundamentals and growth trajectory,' said Hwan Yoon Chung, Managing Director of DCP. 'In China, Jamieson has emerged as a formidable brand, taking significant market share from established competitors. Together, we have built a high-performing team that is capitalizing on China's rapidly evolving consumer landscape, positioning both Jamieson Wellness and DCP for continued success in this substantial market. The redemption of our Preference Shares reflects our fund's mandated investment cycle, and we are thrilled to continue our partnership via our investment in the Chinese business and our warrants. DCP has been investing in health and wellness in China for more than 30 years, and our continuing partnership with Jamieson allows us to participate in promising growth opportunities in the global VMS market.'
'Our partnership with DCP has been transformative for our China business, which grew over 50% in Q1, and nearly 80% in 2024,' said Mike Pilato, President and CEO of Jamieson Wellness. 'Together, we've established Jamieson as a respected brand in the world's second-largest VMS market, leveraging DCP's deep experience strengthening brands in China and e-commerce expertise. Their strategic counsel and local market knowledge have assisted in building an exceptional team with outstanding capabilities. The growth we're seeing in the Chinese market today isn't a temporary spike but a clear, sustainable trend that validates our strategy. The redemption of DCP's Preference Shares was included in our assumptions for 2025, and our outlook remains unchanged. With our foundation firmly in place and our complementary strengths aligned, we look forward to our continued partnership with DCP as we scale our presence in this critical market that we expect will represent a larger portion of our business in the coming years."
About Jamieson Wellness Inc.
Jamieson Wellness is dedicated to Inspiring Better Lives Every Day with its portfolio of innovative natural health brands. Established in 1922, the Jamieson brand is Canada's #1 vitamins, minerals and supplements ('VMS') brand. The Company's youtheory brand, acquired in 2022, is an established and growing lifestyle brand in the U.S. Combined, these global brands are available in more than 50 countries worldwide. The Company also offers a variety of innovative VMS products as well as sports nutrition products to consumers in Canada with its Progressive, Smart Solutions, Iron Vegan and Precision brands. The Company is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. For more information please visit jamiesonwellness.com.
Jamieson Wellness' head office is located at 1 Adelaide Street East Suite 2200, Toronto, Ontario, Canada.
Forward Looking Information
This media release may contain forward-looking information within the meaning of applicable securities legislation. Such information includes, but is not limited to, statements related to the Company's future plans, goals, strategies, intentions, beliefs, objectives, economic performance or expectations, including with respect to its partnership with DCP Capital Partners and its effects on the Company's business, financial condition, results of operations and shareholders.
Words such as 'expect', 'look forward', 'intend', 'may', 'will', 'believe', 'estimate' and variations of such words and similar expressions are intended to identify such forward-looking information. Forward-looking information reflects the Company's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under 'Risk Factors' in the Company's Annual Information Form dated March 31, 2025 and under the 'Summary of Factors Affecting Our Performance', 'Forward Looking Information', Risk Factors', and 'Outlook' in the management discussion and analysis of financial condition and results of operations of the Company filed May 8, 2025 (the 'MD&A'), both of which are available on the Company's profile on SEDAR+ at www.sedarplus.ca. This information is based on the Company's reasonable assumptions and beliefs in light of the information currently available to it and the statements are made as of the date of this press release. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law or regulatory authority.
The Company cautions that the list of risk factors and uncertainties is not exhaustive and other factors could also adversely affect the Company's results. Readers are urged to consider the risks, uncertainties and assumptions associated with these statements carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. See 'Forward-looking Information' and 'Risk Factors' within the MD&A for a discussion of the uncertainties, risks and assumptions associated with these statements.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
25 minutes ago
- Yahoo
Tencent Music shares rise after acquiring podcast giant Ximalaya
-- Tencent Music Entertainment Group (NYSE:TME) shares rose 5.4% on Tuesday following news that the company will acquire Chinese podcast platform Ximalaya in a $2.4 billion cash-and-stock transaction. The deal, aimed at positioning Tencent Music as a dominant force in China's online audio sector, mirrors a broader industry shift toward diversified audio services, in line with global peers such as Spotify (NYSE:SPOT). According to a June 10 filing with the Securities and Exchange Commission, Tencent Music signed a definitive Agreement and Plan of Merger to acquire Ximalaya, pending regulatory approvals and customary closing conditions. Upon closing, Ximalaya will become a wholly owned subsidiary of Tencent Music, significantly expanding its footprint in China's rapidly growing podcast market. Ximalaya, one of the country's most popular audio platforms, boasts 303 million monthly users and serves as a major destination for podcasts, audiobooks, and livestream content. The merger, if finalized, would instantly elevate Tencent Music's user base and deepen its content offerings beyond music. The transaction includes $1.26 billion in cash and an equity component comprising Tencent Music Class A ordinary shares, representing up to 5.5686% of the Company's total issued and outstanding shares before closing. A portion of those shares, 0.37% of the total, will be distributed to Ximalaya founder shareholders post-closing, subject to conditions outlined in the agreement. Ximalaya will also undergo a restructuring of certain existing business units before the deal is completed, though full details of that process were not disclosed. Tencent Music emphasized that the restructuring and integration would support long-term synergistic value creation. The acquisition reflects Tencent Music's ongoing effort to evolve from a music-streaming platform to a broader digital audio enterprise. As competition rises and subscription growth slows in traditional streaming, players are increasingly looking to podcasting and user-generated audio to deepen engagement and create new monetization channels. Related articles Tencent Music shares rise after acquiring podcast giant Ximalaya Citi adds Qorvo and Skyworks Solutions to 90-day upside catalyst watch OpenAI to use Google cloud service alongside Microsoft Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
QCOM Gains Traction in Automotive: Will It Deliver Sustainable Growth?
Qualcomm Incorporated QCOM has been witnessing solid momentum in the automotive segment over the past few quarters. During the second quarter of 2025, the company reported staggering 59% year-over-year growth in this segment. It boasts a worldwide client base that includes leading automakers and technology companies like General Motors, BMW, Mercedes-Benz, Renault Group, Royal Enfield, Volvo, Google and more. Over the past few years, Qualcomm has taken an approach of continuous innovation with strategic acquisitions to expand into the automotive the acquisition of Veneer, Inc., the company has steadily gained a strong foothold in the emerging market of driver-assistance technology. The Arriver business of Veoneer operates the dedicated software unit focused on sensor perception and drive policy, including a full stack of features and functions. With this buyout, Qualcomm has integrated Arriver's Computer Vision, Drive Policy and Driver Assistance assets into its ADAS (Advanced Driver Assistance System) portfolio. It has allowed QCOM to deliver an open and competitive platform for automakers to better compete with rivals within the self-driving vehicle market. The company recently acquired Autotalks, an industry leader in direct vehicle-to-everything communication technology. Integration of Autotalks' robust portfolio of automotive-qualified global V2X solutions will facilitate the development of leading-edge, reliable solutions to enhance road safety and optimize traffic demand for the company's Snapdragon Digital Chassis product portfolio, which includes telematics and connectivity platforms, digital cockpit and C-V2X solutions, is expected to drive growth in automotive in the near term. In the second quarter, Qualcomm secured 30 new designs, including five ADAS programs and designs from Chinese automakers such as Nio, Zeekr, Great Wall, Dongfeng and more. Per our estimate, the company is expected to generate $3.7 billion in revenues from the automotive segment, indicating 27.3% year-over-year growth. In the automotive segment, the company faces competition from the NVIDIA Corporation NVDA and Intel Corporation INTC. NVIDIA DRIVE solutions include a comprehensive stack of hardware and software tools designed to support autonomous vehicles. It is also swiftly working on V2X technology, specifically in AI-driven connectivity for autonomous vehicles. With a vast client base that includes Mercedes-Benz, Li Auto, General Motors, Toyota and several other prominent automakers, NVIDIA has gained solid market traction in the AI-driven autonomous driving Mobileye has rapidly expanded in the autonomous car technology market. Mobileye's technologies related to cameras, in-car networking, sensor chips, roadway mapping, cloud software, machine learning and data management are gaining popularity among automakers. More than 70 million vehicles from BMW, Volkswagen, Ford and Nissan use Intel's Mobileye for driver assistance. However, with the integration of advanced V2X and a broader portfolio of digital cockpit, infotainment and connectivity, Qualcomm is expected to maintain its competitive edge in the automotive vertical. QCOM shares have declined 25.5% over the past year against the industry's growth of 18.1%. Image Source: Zacks Investment Research Going by the price/earnings ratio, the company's shares currently trade at 12.87 forward earnings, lower than 30.31 for the industry and the stock's mean of 17.79. It carries a Value Score of A. Image Source: Zacks Investment Research Earnings estimates for 2025 have decreased 0.17% to $11.8 per share over the past 60 days, while the same for 2026 have decreased 3.18% to $12.19. Image Source: Zacks Investment Research Qualcomm stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
35 minutes ago
- Yahoo
China Extends Probe Into EU Pork Imports
China said Tuesday that it would extend a yearlong probe into pork imports from the European Union, as Beijing seeks to bolster ties with the 27-member bloc amid heightened trade tensions with the U.S. The Chinese Commerce Ministry decided to extend its antidumping investigation into EU pork products by six months to Dec. 16, citing the complexity of the case, according to an official notice. Think Twice Before You Click 'Unsubscribe' The Canned-Food Aisle Is Getting Squeezed by Rising Steel Tariffs The Best New Features Coming to Your iPhone, iPad and Mac (and What's Missing) FTC Seeks Information From Top Advertising Agencies as Part of Ad-Boycott Probe Judge Tosses Justin Baldoni's Lawsuits Against Blake Lively and New York Times The probe was launched last June in response to the EU's decision to slap antisubsidy levies on Chinese electric vehicles and was originally set to conclude later this month. Most of the EU's pork exports go to East Asia, in particular China, with Germany, Spain and France among the biggest producers, according to the European Commission. Tuesday's announcement is viewed as another goodwill gesture by Beijing, as Chinese leaders launch a global charm offensive to improve relations with major economic partners amid a trading fight with Washington. Back in April, Beijing extended a similar probe into brandy imports from the EU by three months to July and expanded Spanish pork exporters' access to the Chinese market through bilateral trade agreements. Earlier this month, Chinese Commerce Minister Wang Wentao talked with EU trade officials over a range of issues including Chinese EVs and export controls during a trip to France. In a statement after Wang's trip, the Chinese Commerce Ministry said negotiations with the EU on setting minimum prices for Chinese-made EVs have entered its final stages. Wang also said in his meetings with European counterparts that China will accelerate approvals of qualified rare-earth exports to Europe, adding that he hopes the EU can bolster exports of high-tech products to the country, according to the ministry. In retaliation against President Trump's 'Liberation Day' tariffs in April, China slapped new export controls on seven types of rare-earth minerals that are needed for a range of products including electronics, cars and advanced defense equipment. Such restrictions from the world's dominant rare-earth supplier have become a headache for global businesses, especially American and European automakers, many of which have warned of significant disruption in the global supply chain. Tuesday's extension also came as senior officials from China and the U.S. are meeting in London for their second round of talks with export controls taking the center stage. Write to Singapore Editors at singaporeeditors@ Alexander Brothers File $500 Million Defamation Suit Against The Real Deal Warner Discovery Splits Cable From Marquee Streaming, Studio Businesses Apple Unveils Array of New Software, but AI Comeback Remains Far Off Disney to Pay NBCUniversal Another $438.7 Million for Hulu Stake Businesses Are Bingeing on Crypto, Dialing Up the Market's Risks Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati