August 2023

Kannaway, the direct selling division of Medical Marijuana, announced the acquisition of eXfuse, LLC, dba KZ1, a Japan-based network marketing company. This acquisition is expected to add approximately 1,450 distributors to the company’s sales force in Japan, which the company believes will be a benefit as it ramps up its business in the Japanese market. It will also introduce nootropic-focused products to Kannaway’s current line of CBD, natural health and beauty products.

Nu Skin announced the appointment of James D. Thomas as executive vice president and CFO. Thomas has been serving as interim CFO for the past four months and has been the company’s chief accounting officer for the past four years.

Medifast announced the debut of OPTAVIA ACTIVE, a line of exercise supplements and protein powders designed to help customers of all fitness levels optimize their motion habits. This new launch is an effort by Medifast to capture more market share opportunities.

dōTERRA announced the appointment of Jeff Singer as its new chief operating officer. In this role, Jeff will join company’s executive council and oversee the operations in supporting the company’s mission to share the highest-quality essential oils with the world as they triple their impact by 2030.

Amway released its 2023 Global Entrepreneurship Report. The study covered 15,000 adults in 15 countries worldwide.