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Private company

Avenir Wellness Solutions, Inc.

Avenir Wellness Solutions, Inc. is an American pharmaceutical preparations company, incorporated in Delaware.1 It is headquartered in Sherman Oaks, California.1

Last updated Oct 21, 2026.

Overview

  • IndustryPharmaceutical Preparations1
  • HeadquartersSherman Oaks, California1
  • Incorporated inDE2
  • Business address15233 Ventura Blvd., Suite 420, Sherman Oaks, Ca 914032
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Avenir Wellness Solutions, Inc. (“Avenir”), including its wholly-owned subsidiary, The Sera Labs, Inc. (“Sera Labs”), is a broad platform technology company focusing on the development of nutraceutical formulation and delivery technologies in novel dosage forms to improve efficacy and enhance wellness. Our mission is to improve lives by redefining how active ingredients are delivered and experienced by consumers. Our primary business model is to develop health, wellness and beauty products using our proprietary formulations and technology as well as incubate new technologies for commercial exploitation through product development of new products to be sold under existing or new proprietary brands through Sera Labs and the licensing and/or sale of the rights to such technologies to third parties for their use. Development may include the conduction of clinical trials for substantiation of…3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

71.5%Gross margin4
-126.7%Operating margin4
-79.2%Net margin4
-11.2%Revenue growth, 20234
-$3.8MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue12¢$1.2M
  • Selling, general and admin88¢$9.1M
  • Interest0¢$44.0K
  • Income tax0¢$3.0K

Out of $4.3M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$4.3M in 2023+2310% since 2017
0$2.0M$4.0M$6.0M$8.0M2017: $180.4K$180.4K20172018: $584.0K$584.0K2018+224%2019: $623.0K$623.0K2019+7%2020: $2.1M$2.1M2020+229%2021: $6.1M$6.1M2021+196%2022: $4.9M$4.9M2022−19%2023: $4.3M$4.3M2023−11%
Gross profit567894$3.1M in 2023
-$2.0M0$2.0M$4.0M$6.0M2017: -$225-$22520172018: $304.0K$304.0K20182019: $392.0K$392.0K2019+29%2020: $975.0K$975.0K2020+149%2021: $4.3M$4.3M2021+344%2022: $3.3M$3.3M2022−23%2023: $3.1M$3.1M2023−7%
Operating income567894-$5.5M in 2023−25% since 2017
-$20.0M-$15.0M-$10.0M-$5.0M02017: -$7.3M-$7.3M20172018: -$7.6M-$7.6M2018+3%2019: -$13.7M-$13.7M2019+81%2020: -$19.0M-$19.0M2020+38%2021: -$10.4M-$10.4M2021−45%2022: -$18.3M-$18.3M2022+76%2023: -$5.5M-$5.5M2023−70%
Net income567894-$3.4M in 2023−58% since 2017
-$40.0M-$30.0M-$20.0M-$10.0M02017: -$8.2M-$8.2M20172018: -$10.4M-$10.4M2018+27%2019: -$21.4M-$21.4M2019+105%2020: -$30.6M-$30.6M2020+43%2021: -$13.2M-$13.2M2021−57%2022: -$25.5M-$25.5M2022+93%2023: -$3.4M-$3.4M2023−86%
Fiscal year2017201820192020202120222023
Revenue$180.4K5$584.0K6$623.0K7$2.1M8$6.1M9$4.9M4$4.3M4
Cost of revenue$180.6K5$280.0K6$231.0K7$1.1M7$1.7M9$1.6M4$1.2M4
Gross profit-$2255$304.0K6$392.0K7$975.0K8$4.3M9$3.3M4$3.1M4
Research and development$1.4M5$1.4M6$2.3M7$2.8M8$2.4M9$492.0K4$04
Selling, general and admin$5.9M5$6.5M6$10.1M7$11.4M8$16.5M9$11.7M4$9.1M4
Operating expenses$14.7M9$21.6M4$8.6M4
Operating income-$7.3M5-$7.6M6-$13.7M7-$19.0M8-$10.4M9-$18.3M4-$5.5M4
Interest$1.6M5-$3.0M6$3.0K7$2.5M8$44.0K9$44.0K4$44.0K4
Income before tax-$8.6M9-$18.5M4-$3.4M4
Income tax$07$08$09-$42.0K4-$3.0K4
Net income-$8.2M5-$10.4M6-$21.4M7-$30.6M8-$13.2M9-$25.5M4-$3.4M4
Earnings per share-$0.426-$0.627-$0.658-$0.268
Earnings per share (diluted)-$0.426-$0.627-$0.658-$0.268
Shares (weighted, basic)50.2M shares8
Shares (weighted, diluted)50.2M shares8

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Corporate structure

Avenir Wellness Solutions, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Avenir Wellness Solutions, Inc.

  • Avenir Wellness Solutions, Inc. Sherman Oaks, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Avenir Wellness Solutions, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$4.0K4 Dec 31, 2023$4.0K4 Dec 31, 20220%
Operating-lease assets (leased space)$50.0K4 Dec 31, 2023$160.0K4 Dec 31, 2022−68.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$49.0K4 Dec 31, 2023$2.9M4 Dec 31, 2022−98.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$09 Dec 31, 2022$4.7M9 Dec 31, 2021−100.0%
Intangible assets, net (excluding goodwill)$227.0K4 Dec 31, 2023$244.0K4 Dec 31, 2022−7.0%
Finite-lived intangibles, gross$141.0K4 Dec 31, 2023$90.0K4 Dec 31, 2022+56.7%
Accumulated amortization$71.0K4 Dec 31, 2023$19.0K4 Dec 31, 2022+273.7%
Finite-lived intangibles, net$297.0K4 Dec 31, 2023$315.0K9 Dec 31, 2022−5.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$199.0K4 Dec 31, 2023$145.0K4 Dec 31, 2022+37.2%
Finished goods$408.0K4 Dec 31, 2023$420.0K4 Dec 31, 2022−2.9%

Leadership

Who has led Avenir Wellness Solutions, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert Steven Davidson2018–2021

Chief financial officer

  1. Mark Udell2018
  2. Alex Katz2019
  3. Michael Redard2019
  4. Joel M. Bennett2022

Chief operating officer

  1. Jessica Rousset2018
20202025
Board members and other officers (15)

Former names

  • Cure Pharmaceutical Holding Corp.Dec 14, 2016 to Nov 21, 20222
  • Makkanotti Group Corp.Jun 10, 2015 to Nov 15, 20162

Timeline

  1. Mar 4, 20258-K Executive or director change32
  2. Dec 26, 20248-K Entered a material agreement33
  3. Jul 5, 20248-K Entered a material agreement; New debt or obligation34
  4. May 7, 20248-K Earlier financial statements no longer reliable35
  5. May 2, 20248-K Earlier financial statements no longer reliable36
  6. Jan 12, 20248-K Entered a material agreement; New debt or obligation37
  7. Sep 19, 20238-K Other events38
  8. Aug 11, 20238-K Other events39
  9. May 22, 20238-K Other events40
  10. Apr 20, 20238-K Change of auditor41
  11. Apr 19, 20238-K Change of auditor42
  12. Mar 8, 20238-K Entered a material agreement; Executive or director change43
  13. Mar 8, 2018New chief executive Robert Steven Davidson becomes CEO12

Filings

68 filings to the SEC since October 2021: 3 annual reports, 13 quarterly reports, 17 major events, 17 insider forms, 1 large holders, 17 other. The latest 20:

  1. May 23, 2025UPLOAD EDGAR
  2. May 2, 2025UPLOAD EDGAR
  3. Apr 1, 2025NT 10-K EDGAR
  4. Mar 4, 20258-K EDGAR
  5. Jan 10, 2025SCHEDULE 13G EDGAR
  6. Dec 26, 20248-K EDGAR
  7. Nov 19, 202410-Q EDGAR
  8. Nov 15, 2024NT 10-Q EDGAR
  9. Oct 9, 202410-Q/A EDGAR
  10. Oct 9, 202410-Q/A EDGAR
  11. Oct 9, 202410-Q/A EDGAR
  12. Aug 14, 202410-Q EDGAR
  13. Jul 5, 20248-K EDGAR
  14. May 30, 202410-Q EDGAR
  15. May 17, 202410-K EDGAR
  16. May 16, 2024NT 10-Q EDGAR
  17. May 7, 20248-K/A EDGAR
  18. May 2, 20248-K EDGAR
  19. Apr 25, 2024CORRESP EDGAR
  20. Apr 11, 2024UPLOAD EDGAR

The 68 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Avenir Wellness Solutions, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAvenir Wellness Solutions, Inc.1
  • CIK0001643301
  • Employer ID (EIN)37-17651511
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2834 Pharmaceutical Preparations1
  • SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
  • Business address15233 Ventura Blvd., Suite 420, Sherman Oaks, CA 914031
  • Phone424-273-86751
  • Shares outstanding78,925,168 as of Nov 19, 202411
  • Public float$5.7M as of Jun 30, 20234
  • On EDGAR sinceJun 10, 20151
  • Filings225 in all: 8-K (56), 4 (34), 10-Q (28), 3 (21), UPLOAD (13), CORRESP (10), 10-K (9), NT 10-Q (7)1
    All 28 form types

    10-Q/A (6), 8-K/A (5), NT 10-K (5), S-1/A (4), D (3), DEF 14A (3), S-8 (3), EFFECT (2), PRER14A (2), RW (2), S-1 (2), SC 13G (2), 10-K/A (1), 144 (1), 8-A12G (1), D/A (1), PRE 14A (1), S-3 (1), SC 13G/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) May 17, 2024
    Quarterly report (10-Q) Nov 19, 2024
    Proxy statement (DEF 14A) Aug 7, 2020
    Latest 8-K (8-K) Mar 4, 2025

Sources

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    SEC EDGAROther events
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