DDiversified Botanics builds and scales botanical wellness brands by combining research-driven product development with scalable manufacturing across performance, recovery, mood, cognition, and beyond. Its process starts with scientific validation and regulatory planning, followed by formulation and manufacturing in cGMP facilities, with AI-optimized operations to speed development and ensure quality. Its approach blends rigorous science, formal manufacturing standards, data-driven supply chains, and an integrated platform that covers development, production, and brand expansion across multiple categories, all under transparent practices. The company’s goal is to shape the future of botanicals by delivering credible, regulation-ready, clinically informed products at scale and building the fastest-growing, trusted brands in the botanical wellness space.
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Industries
Company Size
11-50
Company Stage
N/A
Total Funding
N/A
Headquarters
N/A
Founded
2012
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Diversified Botanics files Chapter 11 as annualized revenue falls to $30M. October 17, 2026 Diversified Botanics, Inc., formerly MIT45, filed Chapter 11 on October 7, 2026, seeking to continue its botanical-products business and reorganize. Chief Executive Officer Ryan Niddel says annualized revenue contracted from approximately $98 million at its peak to approximately $30 million, leaving the company unable to sustain obligations built around a larger business. Its immediate restructuring measures include outsourced manufacturing and a request to reject two Utah property leases. First-day declaration The distinction is between preserving the brands and reducing the cost of producing and supporting them. Niddel says Diversified has contracted with a Missouri manufacturer after stopping Utah production. The company separately seeks court approval to reject its Utah leases effective as of the petition date. First-day declaration Lease-rejection motion This account reflects docket materials reviewed with a filing cutoff of October 15, 2026. Case record Public case facts. Searchable documents available. Full docket access requires Pro.
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Industries
Company Size
11-50
Company Stage
N/A
Total Funding
N/A
Headquarters
N/A
Founded
2012
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs