Finance
Peloton Shares Tumble as Demand Slump Hits Revenue Outlook
Peloton forecast third-quarter revenue below Wall Street estimates, citing weak demand for its fitness equipment, sending its shares down 23%.
Willie Nelson’s THC Beverage Brand Raises $15M To Enter the Wellness Aisle
Willie Nelson’s THC drink brand Willie’s Remedy+ has raised $15 million and is set to roll out nationwide in retail.
Midi Health Reaches Unicorn Status in $100M Funding Round
Midi Health surpassed a $1 billion valuation following a $100 million Series D, highlighting increased capital flowing into women’s health.
Apollo To Invest in Canada’s Largest Fitness Club Operator The GoodLife Group
Investment firm Apollo is acquiring a minority stake in Canada’s largest fitness club operator The GoodLife Group in a deal valued at around $1.46 billion.
Climatic Raises $10M To Bring Lung Health to the Forefront
As longevity and air quality concerns rise, Climatic has emerged from stealth mode with new funding and a soon-to-launch lung health product.
VR Movement Brand Virtuix Lists on Nasdaq, Secures $11M Investment
Virtuix has gone public on the Nasdaq Global Market, lining up new capital for its treadmill-like virtual reality (VR) movement platform.
After Dogpound, Jenny Liu’s Next Act Is a $5M Venture Fund for Wellness Founders
Former Dogpound CEO Jenny Liu has launched a $5 million fund to back early-stage wellness, fitness and health brands.
Drybar, Fitness Together Parent WellBiz Acquired by Transom Capital
Transom Capital Group has acquired WellBiz Brands, the franchisor behind brands like Drybar and Fitness Together.
Ultra Lands $11M To Make Nicotine-Free Pouches Mainstream
Already selling one million cans in six months, Ultra offers a healthier alternative to nicotine-containing pouches like Zyn and Velo.
Peloton CEO: Strength Training, Wellness Will Be Key to Brand’s Growth
Peter Stern identified strength training, wellness content and AI as key priorities as Peloton evolves its post-pandemic strategy.
