Mangoceuticals, Inc. (NASDAQ:MGRX) is a company focused on developing, marketing, and selling a variety of men’s health and wellness products and services via a secure telemedicine platform. To date, the Company has identified men’s wellness telemedicine services and products as a growing sector and especially related to the area of erectile dysfunction (ED). The Company has developed a new brand of ED product under the brand name “Mango” (think “Man Go”). For more information, please visit www.MangoRx.com.
Created using a special formulation featuring the same active ingredient as in Cialis (Tadalafil), each part of the Mango formulation plays a critical role in helping men achieve optimum performance. We believe the key to our success lies in our unique blend of ingredients, which are used in U.S. Food and Drug Administration (“FDA”) approved drugs. Mango contains a combination of Tadalafil, Oxytocin, and L-Arginine that have been traditionally used to treat sexual dysfunction.
Mango is a prescription medication that must be approved by a physician. After an individual has completed an online telehealth visit, our network of medical providers will review and approve a prescription if medically appropriate. Mango is a rapidly dissolved tablet (RDT) that is absorbed orally. For best results, we advise taking Mango at least 15 minutes before engaging in sexual activity. Tadalafil, one of the main ingredients in Mango, typically has effects that last up to 36 hours.
News Alert: Mangoceuticals Signs Deal with BarStool Sports to Market Mango on Popular “Only Stans” Podcast
MGRX has been engaged as a new sponsor for Barstool Sports’ “Only Stans” podcast (barstoolsports.com/shows/39956939/only-stans).
“We couldn’t be more excited to have the opportunity to sponsor the hugely popular Only Stans podcast,” stated MGRX Co-Founder and CEO, Jacob Cohen. “It isn’t easy to find, land, and execute a sponsorship this on-target from a branding perspective. This is a wildly popular podcast with a massive audience that resonates especially well with our target market. And we are thrilled to have access to that audience to help them truly appreciate our product benefits.”
The Only Stans podcast, “the world’s first Only Fans show by the world’s first Only Fans journalist”, averages more than 320,000 listeners per episode. The Company plans on sponsoring at least 8 episodes over the next two months, with more brand involvement potentially in the works. Company representatives believe this strategy has the potential to generate substantial new interest among both customers and prospective investors.
“The idea here is simple,” added Cohen. “We are aligning ourselves with BarStool Sports, which is a nationally recognized brand that has a rock-solid track record in terms of appealing to a male audience and has a massive market footprint and overall audience size. Through that process, we are sponsoring the ‘Only Stans’ podcast, which appeals to our sexually active target audience. And we also want our shareholders to know that we are serious about growth-oriented marketing, and we will be aggressively hunting additional sponsorship deals with similar media opportunities in the future on Barstool as well as other similar platforms.”
Back in March, 2023, MGRX announced the closing of its initial public offering of 1,250,000 shares of common stock at a public offering price of $4.00 per share. The total gross proceeds of the offering were $5,000,000, prior to deducting underwriting discounts and commissions and other offering expenses payable by the Company. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 shares of its common stock at the public offering price of $4.00 per share, less the underwriting discounts and commissions.The Company intends to use the net proceeds from the offering to finance the marketing and operational expenses associated with the planned marketing of its Mango ED product, to hire additional personnel to build organizational talent, to develop and maintain software, and for working capital and other general corporate purposes.
MangoRx’s common stock began trading on The Nasdaq Capital Market on March 21, 2023 under the symbol “MGRX.”
Since our alert today morning, MGRX is already up over 9% and counting. This could just be the beginning for the stock to the upside considering the public offering was priced at $4 per share. As always, conduct your own DD and follow traders vigilance.
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Source: https://finance.yahoo.com/quote/MGRX/
