m_and_a
confidence high
sentiment positive
materiality 0.65
PMGC signs LOI to acquire profitable CNC shop; Northstrive advances obesity AI collaboration
PMGC Holdings Inc.
- LOI to acquire California CNC shop with $1.4M revenue, $215K adjusted EBITDA in 2024; AS9100D & ISO 9001:2015 certified.
- Target has 35+ years history; third pending acquisition since April 2025, consistent with PMGC's M&A strategy.
- Closing subject to due diligence, approvals, and definitive documentation; non-binding agreement.
- Northstrive initiates Phase II with Yuva Biosciences using MitoNova AI to select small molecules for obesity and cardiac diseases.
- Phase II aims to compile candidates for muscle preservation and metabolic health; builds on prior collaboration.
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