Issue 15 – Take Your Vitamins
Jamieson Wellness Inc (JWEL) has been one of the most successful Initial public offering’s of 2017. JWEL did its IPO on July 5, 2017 at $15.75 and closed 2017 up 41%. The iconic mineral and supplement company is the #1 consumer health brand in Canada with a 25% market share in food and drug stores. The company’s 2017 highlights include revenue growth up 21% to $301 million and EBITDA up 31% to $61 million. Strong performance highlighted by significant free cash flow generation have opened several growth opportunities for Jamieson.