There has been no news about Healthier Choices Management Corp (OTCMKTS:HCMC) in recent times but the company’s stock actually tanked by as much as 10% yesterday.
In this situation, it is perhaps a good idea for investors to take a look at certain developments from the past and then make their minds up about the situation with Healthier Choices at this point in time. Back on June 24, the company announced that it signed an Exclusive Authorized Filling Agreement with regards to its Q-Cup technology with 6PAK Solutions Inc. The agreement in question is only applicable in the Canadian market.
It is a major development for Healthier Choices Management Corp since 6PAK Solutions is actually a unit of the much larger company ATG Pharma. It should be noted that ATG Pharma is one of the biggest filling machine manufacturer in the United States and Canada. In addition to that, the company also manufactures Q-Cup filling machines.
By way of this particular agreement, 6PAK Solutions is going to offer the technology to its clients, both future and existing. While this deal brought the stock in considerable focus at the time of the announcements, it is now going to be interesting to see if any further news regarding this deal leads to any kind of recovery in the Healthier Choices Management Corp stock.
Market Reaction:
On Friday, HCMC stock fell 10% at $0.0009 with more than 4.02 billion shares, compared to its average volume of 351.84 million shares. The stock had moved within a range of $0.0008 – 0.0010 after opening the trade at $0.0010. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0065.
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