Product pages displaying individual paragraphs as one single paragraph

Just created the first product page on a new site using MarketPress and it’s not displaying paragraphs properly.

It looks fine in the WP text editor – visual and HTML – so I don’t know what’s going on.

Using latest version of Catalyst theme framework with latest version of Dynamik child theme (MarketPress, PHP, MySQL, and WP all latest versions).

Please help.