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Upexi Inc
3030 Rocky Point Drive, Suite 420
Phone: (701) 353-5425p:701 353-5425 TAMPA, FL  33607  United States Ticker: UPXIUPXI
On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.
Business Summary
Upexi, Inc. is a multi-faceted brand owner with brands in the health, wellness, pet, beauty, and other growing markets. The Company focuses on direct-to-consumer and Amazon brands. The Company utilizes its in-house software-as-a-service (SaaS) programmatic advertising technology to help achieve a lower cost per acquisition and accumulate consumer data for increased cross-selling between its growing portfolio of brands. Its Branded Product segment is focused on the development, growth, and distribution of the branded products that the Company own. Its Recommerce segment is focused on the purchase and sale of new and used products through channels, such as Amazon and wholesale distributors. The Company’s brands include VitaMedica, Tytan Tiles, and others. VitaMedica offers clinician-originated nutraceuticals and cosmeceuticals products. VitaMedica’s sales model includes wholesale distribution through surgeons and med spas and direct to consumers through e-commerce and marketplaces.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/20246/30/2023YesYes--Yes

Industries
SIC Code Description
2833 Medicinal chemicals and botanical products
5999 Miscellaneous retail stores, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Chief Executive Officer AllanMarshall 57 5/1/2019 5/1/2019
Chief Financial Officer, Director Andrew J.Norstrud 50 4/1/2020 1/1/2020
Independent Director Lawrence H.Dugan 57 1/1/2021 1/1/2021
Independent Director GeneSalkind 70 1/1/2021 1/1/2021
Independent Director Thomas C.Williams 58 1/1/2021 1/1/2021

Subsidiaries
Business Name Address City State/Province Country
Interactive Offers LLC 327 Plaza Real Boca Raton FL United States
Cygnet Online LLC 601 North Congress Avenue Delray Beach FL United States

Business Names
Business Name
Cresco Management, LLC
Cygnet Online LLC
Cygnet Online, LLC
23 additional Business Names available in full report.

General Information
Number of Employees: 95 (As of 6/30/2023)
Outstanding Shares: 1,040,886 (As of 10/3/2024)
Shareholders: 4,152
Stock Exchange: NASD
Federal Tax Id: 833378978


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Friday, November 22, 2024