CleanGo Innovations Subsidiary Kubera Black Technology to Acquire Italian Pharmaceutical Firm Freia Farmaceutici
TL;DR
CleanGo Innovations acquires Freia Farmaceutici to gain a competitive edge in the global health sector with plant-based therapeutics and access to European markets.
CleanGo's subsidiary Kubera will acquire Freia through a share exchange of up to 25 million shares, subject to due diligence and regulatory approvals within 45 days.
This acquisition promotes sustainable, plant-based therapeutic solutions with no known side effects, advancing ethical healthcare and disease prevention globally.
Freia's ALFALIFE brand uses vegetable omegas to treat cardiovascular diseases and child neuropsychiatry, while their aesthetic line targets healthy skin solutions.
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The proposed acquisition of Freia Farmaceutici Srl by CleanGo Innovations Inc.'s subsidiary Kubera Black Technology represents a significant strategic expansion into the global health sector, particularly the growing plant-based therapeutics market. This transaction matters because it combines CleanGo's North American market access with Freia's established European expertise in ethical, sustainable plant-derived medical solutions, potentially creating a stronger competitor in the international health products industry.
Freia Farmaceutici, headquartered in Milan, Italy, has developed specialized expertise in vegetable Omegas and plant-derived therapeutic solutions since its establishment in 2009. The company's ALFALIFE brand possesses significant anti-inflammatory properties with applications in cardiovascular diseases, obesity, and child neuropsychiatry. This scientific focus on clinical evidence for plant-based solutions addresses increasing consumer demand for wellness products with fewer side effects, making the acquisition strategically important for accessing this growing market segment.
The financial implications of this transaction are substantial, with Freia generating over €3.1 million in gross revenue in 2024 entirely within the Italian market while maintaining a net positive balance sheet. The company is on pace to exceed these revenue numbers in 2025, demonstrating consistent growth. Through this acquisition, Freia gains immediate access to Canadian and U.S. markets via CleanGo's corporate structure, while CleanGo benefits from Freia's established European presence and product pipeline.
Freia's product portfolio includes CE Marked Medical Devices in its Dermolife line, registered as Class IIA Medical Devices for various dermatological conditions including radiodermatitis prevention and treatment, atopic dermatitis, and scar remodeling. The company's PROMEDIAL brand, developed through partnerships with leading international companies since 2016, focuses on healthy skin and aesthetic medicine with both topical and nutraceutical solutions. This diversification across medical devices, nutritional supplements, and food for special medical purposes creates multiple revenue streams in the expanding health and wellness sector.
The transaction structure involves Freia shareholders exchanging their securities for up to 25 million common shares in Kubera Black Technology, with the resulting company continuing Freia's business operations. The new board will consist of five directors, with four nominated by Freia and one by CleanGo, ensuring operational continuity while integrating both companies' expertise. Completion remains subject to due diligence, definitive agreement negotiation within 45 days, and necessary approvals.
This acquisition is important because it represents a convergence of environmental sustainability and health innovation, with CleanGo's focus on non-toxic, biodegradable solutions complementing Freia's plant-based therapeutic approach. The combined entity could accelerate development in Freia's pipeline areas including gynecology, gastroenterology, and pneumology, plus a promising product with applications for Multiple Sclerosis currently registered as a food supplement. For more information about CleanGo Innovations Inc., visit https://www.newmediawire.com.
Curated from NewMediaWire
