LAS VEGAS, Sept. 16, 2020 /PRNewswire/ — JanOne Inc. (Nasdaq: JAN), a company focused on developing treatments for conditions that cause severe pain and drugs with non-addictive, pain-relieving properties, provided an update today regarding its initiatives to pursue a strategic alternative process for its legacy businesses first announced in June 2020. The Company has received interest from third parties with respect to the sale of its legacy recycling business and is currently reviewing these opportunities.
Tony Isaac, President and Chief Executive Officer of JanOne commented, “We remain highly focused on continued advancement of our clinical candidate, JAN101, to treat peripheral artery disease (PAD) and to find non-addictive alternatives to pain. In addition, we are continuing to pursue JAN101’s potential to treat vascular complications related to Covid-19. We believe a successful transaction related to the disposition of our legacy recycling business will enhance shareholder value and enable us