Merion, Inc. announced that it expects to receive $0.3 million in funding
October 18, 2020
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Merion, Inc. (OTCPK:EWLU) announced that it has entered into securities purchase agreement for a private placement of 300,000 shares at a price of $1 per share for gross proceeds of $300,000 on October 19, 2020. The transaction will include participation from individual investor Vickie Hienthuc Duong. The company will issue securities pursuant to exemption provided under Regulation D. The transaction will be expected to complete on or before October 30, 2020.
Merion, Inc. is a provider of health and nutritional supplements and personal care products. The Company focuses on nutritional and beauty products, and OEM and packaging products. The Company mainly sells its products over the Internet directly to end-user customers through its Website, www.merionus.com, and to wholesale distributors through phone and electronic communication. The Company's major customers for its nutritional and beauty products are located in the Asian market, predominantly in the People's Republic of China. The Company's major customers for its original equipment manufacturer (OEM) and packaging products are located in the United States. The Company's products include Noir Naturel, Viwooba (1-3), Lady-S, ReMage-Power, Gold King, Tai Bao, and New Power. The Company also provides OEM and packaging services for hard capsules, tablets, solid beverages (sachet packaging), teabags, powder, granules, dietary supplements, soft gel capsules, and health foods.
MERION, INC. 
