CHICAGO, IL / ACCESSWIRE / November 18, 2024 / Cosmos Health Inc. ("Cosmos Health" or the "Company'') (NASDAQ:COSM), a diversified, vertically integrated
CHICAGO, IL / ACCESSWIRE / November 18, 2024 / Cosmos Health Inc. ("Cosmos Health" or the "Company") (NASDAQ:COSM), a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform, announced today that it has adopted a strategy to include Bitcoin and Ethereum as part of its treasury reserve assets.
"Cosmos is a flexible, agile, and forward-looking Company. We believe this strategy will help us stand out by making a significant investment in the new era. Alongside our AI capabilities, we are now incorporating crypto assets and continually seeking additional future-focused investments to benefit our shareholders," said Greg Siokas, CEO of Cosmos Health. "We view select crypto assets, such as Bitcoin and Ethereum, not only as potential hedges against inflation and currency devaluation but also as diversification tools offering substantial upside potential. Accordingly, we look forward to building a sizable reserve in these assets."
About Cosmos Health Inc.
Cosmos Health Inc. (NASDAQ:COSM) is a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform. Cosmos Health's mission is to create a healthier world by delivering exceptional healthcare products and services to patients around the globe. The Company manufactures, markets, and sells a broad range of pharmaceutical and nutraceutical products through its wholly owned subsidiaries Cana Laboratories, Inc., Sky Premium Life, Inc., and Zip Doctor, Inc. Cosmos Health also operates a telehealth platform that provides convenient and affordable medical care to patients in the United States. For more information, please visit the Company's websites at www.cosmoshealthinc.com, www.skypremiumlife.com, www.cana.gr, www.zipdoctor.co, as well as LinkedIn and X.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. Forward-looking statements are statements that are not historical facts and are generally, but not always, accompanied by words such as "anticipates," "believes," "continues," "could," "estimates," "expects," "forecasts," "intends," "may," "plans," "projects," "seeks," "strives," "will," or the negative of these terms or other comparable terminology. Forward-looking statements in this press release include, but are not limited to, statements regarding the Company's intention to include Bitcoin and Ethereum in its treasury reserve assets, the potential benefits of this strategy, and the Company's future-focused investments. These forward-looking statements are based on the Company's current beliefs, assumptions, and expectations and are not a guarantee of performance. Actual results could differ materially from those contained in any forward-looking statement. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include, but are not limited to, the following: the Company's ability to obtain the necessary regulatory approvals for its products and services, the Company's ability to successfully launch and market its products and services, the Company's ability to maintain and grow its customer base, the Company's ability to manage its expenses and maintain profitability, the Company's ability to attract and retain qualified personnel, the Company's ability to maintain良好关系 with its suppliers and distributors, the Company's ability to comply with applicable laws and regulations, and the Company's ability to identify and complete future-focused investments. Cosmos Health undertakes no obligation to revise or update any forward-looking statements as a result of new information, except as required by applicable law. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. For a more complete discussion of factors that may affect the Company's future performance, please refer to the Company's filings with the Securities and Exchange Commission, which are available at www.sec.gov.
