This morning the Healthier Choices Management Corporation (OTCMKTS:HCMC) stock is on the move against and has gone up by 5% after the company announced an Exclusive Authorized Filling Agreement with regards to its Q-Cup technology.
The licensing agreement has been signed with 6PAK Solutions Inc, which is a distribution arm of the company ATG Pharma. It should be noted at the same time that the licensing is only valid for the Canadian market. It is a significant deal for the company and the optimism about the Healthier Choices Management Corporation stock is understandable.
The reason why the deal is important lies in the fact that ATG Pharma is currently one of the biggest players in the filling machines manufacturing space in both the United States and Canada.
This particular agreement will see 6PAK Solutions offering its existing and new clients with Q-Cup technology. The new service from 6PAK is going to help companies in to bring new products on to the market in a cost effective and timely manner. Consequently, it could also lead to more business for Healthier Choices.
Key Quote:
Jeff Holman, CEO of HCMC, said “We are very excited to be expanding our relationship with ATG Pharma through 6PAK Solutions. With the direct support of the builder of the Q-Cup® filling machine, there is no one more qualified to perform third party filling for extractors in Canada.”
Mr. Holman continued, “With an existing clientele comprised mainly of extractors in the cannabis industry, ATG Pharma and 6PAK are perfectly poised to leverage existing relationships to bring the Q-Cup® technology to Canada in an efficient and meaningful way.”
Market Reactions
As of 10:44, HCMC stock jumped by 5% at $0.0012. Total volume so far stood at 498.24 million shares, compared to its average volume of 231.61 million shares. The stock moved within a range of $0.0011 – 0.0012after opening at $0.0012.
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