Sleep Country Canada buying weighted blanket company Hush Blankets – National

Sleep Country Canada Holdings Inc. has signed a deal to purchase Hush Blankets, a direct-to-consumer vendor of weighted blankets, pillows, sheets and bed-in-a-box mattresses.

Beneath the deal, Sleep Nation will purchase a 52 per cent stake in Hush for $25 million.

Click to play video:'Tips to get a better sleep'

Tricks to get a greater sleep

Tricks to get a greater sleep – Mar 18, 2020

The corporate has additionally agreed to purchase the opposite 48 per cent in annual 16 proportion level stake increments beginning March 31, 2023, at a worth based mostly on the enterprise’s monetary efficiency.

Story continues beneath commercial

Hush was based in 2017 by Lior Ohayon and Aaron Spivak and launched a weighted blanket in Canada in 2018.

Sleep Nation says Hush will proceed to function as an impartial enterprise led by Ohayon and Spivak and a board together with senior administration from Sleep Nation and Hush.

© 2021 The Canadian Press | Sleep Nation Canada shopping for weighted blanket firm Hush Blankets – Nationwide


Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button