Stemtech Corporation, a nutraceutical direct selling company, has received $1.4 million in funding from Sharing Services Global Corporation (SHRG), a development company and service provider in the direct-to-consumer space. SHRG is also the parent company of direct selling company The Happy Co. and a division of direct selling subsidiaries it calls its Hapi Brands.
“Stemtech is proud to receive funding from Sharing Services Global Corporation as a strategic investment,” said Charles Arnold, Chairman and CEO of Stemtech. “As a significant player in the direct selling industry, SHRG understands the potential of Stemtech Corporation, and we believe that this strategic investment will be mutually beneficial, and is validation for our growth strategy going forward.”
SHRG CEO John “JT” Thatch will now join Stemtech’s Board of Directors.