(MENAFN- Baystreet.ca) A New Jersey-based holdings company just announced the acquisition of a new health and wellness brand: Champ Life. The brand has been wholly-acquired without any net change to the share structure of the acquiring company, OMID Holdings Inc. (OTCPK:OMID). Shares of OMID soared as traders got behind the idea of the acquisition.
Omid Holdings is a health and wellness company. It is specialized in the sale and manufacture of CBD-based products. The company manufactures and sells branded inhalable, sublingual, and topical hemp-derived consumer goods. Its brands include Naturally Peaked Health, Shangri-La Life, and Peac Wellness. The company also offers design, development, manufacturing services to clients in the CBD-based cannabis industry.
Shares hit an early session high of $0.1119/share (+20.32%) following the announcement. This move likely has longer term investors hoping for an upward breakout of the trading range the stock has been stuck in since the beginning of February.
MENAFN20042021000212011056ID1101951352
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.