Tranche Update on Medifast, Inc.'s Equity Buyback Plan announced on December 9, 2013.
November 04, 2021 at 04:33 pm EDT
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From July 1, 2021 to September 30, 2021, the company has repurchased 117,677 shares, representing 1.01% for $26.27 million. With this, the company has completed the repurchase of 1,868,311 shares, representing 15.24% for $147.58 million under the buyback announced on December 9, 2013.
Medifast, Inc. (Medifast) is a health and wellness company. The Company sells a variety of weight loss, weight management and healthy living products all based on its proprietary formulas under the OPTAVIA, Optimal Health by Take Shape for Life, and Flavors of Home brands. Medifast's product line includes more than 65 consumable options, including, but not limited to, bars, bites, pretzels, puffs, cereal crunch, drinks, hearty choices, oatmeal, pancakes, pudding, soft serve, shakes, smoothies, soft bakes, and soups. OPTAVIA coaches also counsel their customers on how to develop healthy habits, such as preparing lean and green meals and choosing healthy snacks. Medifast nutritional products are formulated with high-quality ingredients. Medifast's wholly owned subsidiaries include Jason Pharmaceuticals, Inc., OPTAVIA, LLC, Jason Enterprises, Inc., Jason Properties, LLC, Seven Crondall Associates, LLC, Corporate Events, Inc., OPTAVIA (Hong Kong) Limited, and OPTAVIA (Singapore) PTE. LTD