Age Quencher® Closes $1 Million Financing Round

Age Quencher® Closes $1 Million Financing Round

 

 

TORONTO, Feb. 17, 2021- Age Quencher® Solutions (“AQ” or the “Company”), a Toronto female founded and led company leading the way in ingestible beauty, announced today that is has closed a $1.2 million Series A round. AQ has secured a diverse base of shareholders for the brand that launched in 2015 as one of Canada’s first ingestible beauty lines to the market. 

 

Founded by Dr. Holly Fennell, ND in 2015 who compounded custom, trusted, high quality formulas to address the inevitable signs and symptoms of aging. Fennell comments “when consumers think of products for aging they turn to serums and creams; we realized quickly that this is not enough. Aging happens at the cellular level and while we can not stop it we can support it and address many of the physical signs associated with aging.”     

 

Quickly gathering a cult following of health and beauty seeking users, Age Quencher has become a trusted and recognized brand across Canada and the United States. AQ recognized early on that while aging is inevitable, how well we age is not. This led to the formulation of a suite of products from Hydration Electrolytes, Vitamins, Collagen Protein and the newest addition to the line, SHROOM Beauty, Functional Mushrooms. All products hold NHP (Natural Health Product) numbers. 

 

Social media has proven an essential sales channel for the company. A fiercely loyal community of followers generate unpaid, organic content and testimonials daily; “we are grateful for the support of our AQ customers as they share their experiences with the products. Nothing is better or more sincere than organic word of mouth marketing” comments Fennell. 

 

A Canadian born company with high manufacturing standards that enforce strict regulations to ensure consumer safety. Age Quencher® manufacturing takes place in a state of the art facility that has a product license from Health Canada and is GMP certified. (Good Manufacturing Practices). This is yet another measure the company takes to ensure quality assurance and that the products are consistently produced and controlled in such a way to meet the quality and standards appropriate to their intended use.

 

AQ has a fully developed ecommerce site allowing customers a seamless, secure shopping experience. The direct to consumer model with a subscription option has allowed for exponential growth in sales. In addition, the company has several strategic retail partners across Canada and the United States. From large chains such as Sport Chek to small boutique shops, retail partners are given a unique “PK” (product knowledge) training experience. The company boasts a return customer rate of between 80-90% proving brand loyalty and result driven products. 

 

Funds generated through the Series A will allow the company to increase distribution and to expand on the new line of mushroom based formulas. Fennell comments “we are thrilled to be in the position to diversify our offerings”.

For further information: Age Quencher Solutions, hello@agequencher.com. 1-(800) 652-0580

 

This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding use of proceeds from the Offering.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the Company's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the anticipated use of proceeds from the Offering. This forward- looking information may be affected by risks and uncertainties in the business of the Company and market conditions. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward- looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

 

SOURCE Age Quencher Solutions