Trump says Iran war "close to over" amid hopes for more negotiations
Synergy CHC Corp. (NASDAQ:SNYR) announced that on February 27, it was notified by Gravity Pharma General Trading LLC of the termination, ab initio, of their Brand License Agreement. The agreement, originally dated March 31, 2025, and amended on June 30, 2025, granted Gravity Pharma exclusive rights to sell and market certain FOCUSfactor and Flat Tummy Co. products in the United Arab Emirates and Turkey in exchange for a license fee of $2.9 million. Synergy CHC Corp. had previously recognized this license fee as revenue.The revenue reversal represents roughly 8% of the company’s $34.6 million in trailing twelve-month revenue. The news comes as SNYR stock trades near its 52-week low of $1.27, down 62% over the past year. According to InvestingPro analysis, the stock remains profitable with impressive gross profit margins of 71%, with 10+ additional ProTips available to subscribers.
Following the termination of the agreement, Synergy CHC Corp. stated that it continues to pursue the registration and marketing of the related intellectual property in the specified territories. This information is based on a statement released in a recent SEC filing.
In other recent news, Synergy CHC Corp. has been the subject of several notable developments. Ascendiant Capital has initiated coverage on Synergy CHC with a Buy rating, setting a price target of $5.00. The company is expanding its FOCUSfactor functional beverage line across Canada, following a successful launch of its supplement products at Walmart Canada and through McKesson Canada. Walmart Canada will introduce four additional beverage SKUs, including exclusive online flavors. Additionally, Synergy CHC has appointed Pedro Colmenares as Director of Sales & Marketing for Mexico & Latin America, as part of its international growth strategy. This appointment coincides with initial product shipments to Costco Mexico. Furthermore, Synergy CHC has announced new distribution partnerships with Pine State Beverage, Fuhrer Beverage Company, and Banko Beverage Co. to enhance retail availability of its FOCUSfactor beverages in Maine and Pennsylvania. These recent moves highlight the company’s ongoing efforts to expand its market presence and product offerings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.