Jeffs’ Brands (JFBR) Stock Drops 11.84%: Details

By Amit Chowdhry ● Nov 24, 2022
  • The stock price of Jeffs Brands (JFBR) dropped by 11.84% in the most recent trading session. This is why.

The stock price of Jeffs Brands (JFBR) dropped by 11.84% in the most recent trading session.

Why: Jeffs’ Brands, a data-driven e-commerce company operating on the Amazon Marketplace, announced that it has entered into a non-binding term sheet with a company incorporated in England engaged in the sale of pest control products through

As contemplated by the Term Sheet, Jeffs’ Brands will acquire the UK Company and its five private label brands, currently being sold on, for approximately $2.5 million in cash.

The UK Company is known as a market leader in pest control products sold on in several market niches – one brand is showing its dominance over the “moth trap and rat trap” market niche on with a market share of 35.7% and 26.5%, respectively, as of July 2022. And the UK Company generated approximately $6.2 million in revenues in 2021 with gross profit margins of 21% (unaudited results). Currently, the UK Company’s brands and products have over 55,000 reviews, 82% of which are 4- and 5-star reviews.

The acquisition is subject to, among other matters, a due diligence review by Jeffs’ Brands and the negotiation and execution of a binding definitive agreement. There can be no assurances that any component of the acquisition will proceed, nor can there be any assurance as to the final definitive terms thereof.


“We continue targeting leading companies and brands, operating in attractive sectors, that we believe have great potential. Currently, the UK Company focuses its marketing and sales on, and it is our intention to expand the brands’ reach by launching its products in new territories and platforms.”

— Viki Hakmon, Chief Executive Officer of the company