Global media and marketing company, Crowd Media Holdings Limited (ASX:CM8) has signed an exclusive and binding Marketing Services Agreement with VITAL Innovations Ltd, a London-based family-owned business that has created and launched various successful brands across several sectors like healthcare, consumer and water purification.
As per an exclusive Marketing Service Agreement or EU based social media, influencer marketing and social commerce partnership, Crowd will market and sell key VITAL portfolio brands and products into the European market (excluding UK). The VITAL portfolio of brands comprises of Vital Baby, Vital Family & Super Safe.
VITAL has also agreed to subscribe for 5 million CM8 shares at 3 cents each and the equity participation raises $150k.
CM8 jumped 17.85% post this market update and quoted $0.033 at 11:43 AM AEST on 16 June 2020.