What is Shrg?
Sharing Services Global Corporation, operating under the ticker SHRG, is an emerging growth company incorporated in Nevada in April 2015. The company specializes in marketing and distributing health and wellness products, primarily within the United States and Canada. Its business model relies on a direct selling strategy, leveraging an independent sales force referred to as "Elepreneurs." Shrg's core operating subsidiaries include Elepreneurs Holdings, LLC and Elevacity Holdings, LLC. The company launched its Elevate brand of health and wellness products in December 2017 and officially changed its corporate name to Sharing Services Global Corporation in January 2019 to signal its global growth ambitions.
How much funding has Shrg raised?
Shrg has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
Key Investors in Shrg
PPP
Public-Private Partnership
What's next for Shrg?
With a recent major strategic investment and a history of expanding its product offerings, Shrg is poised for continued development. The company's focus on growing its independent sales force and enhancing its global infrastructure suggests a strategy aimed at sustained profitability and market penetration. Future growth initiatives are expected to involve further diversification of its product portfolio, aligning with its stated intent to expand its business globally and achieve long-term success in the competitive health and wellness sector.
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