All American Gold Corp (OTCMKTS:AAGC) fell 7% after announcing the completion of an acquisition ahead of an exciting future. The company completed the acquisition of Hollywood Star Cuts from V Group, Inc.(OTCMKTS:VGID).On August 6, 2021.
As a network of “Full-Service Family Hair Salons,” Hollywood Star Cuts has an exciting business concept. Hollywood Star Cuts is designed to make the customer feel like the “Star of the Show”! In a colorful, Hollywood/California Beach-styled ambiance, the customer receives red-carpet treatment. With one facility in Nampa, Idaho, and another under development in Boise, Idaho, Hollywood Star Cuts is now serving the greater Boise area.
Over the next two years, Hollywood Star Cuts will open a third store in the larger Boise area and additional Central and Southern Florida locations. The “Corporate Stores” will be the name for these multiple sites. And once they are up and running, Hollywood Star Cuts will pursue a highly aggressive franchising strategy to optimize expansion across the country. So AAGC is worth watching in the coming weeks.
Market Reaction:
On Thursday, AAGC stock fell 6.67% to $0.0014 with more than 149.17 million shares, compared to its average volume of 36.32 million shares. The stock has moved within a range of $0.0012 – 0.0020 after opening the trade at $0.0013.
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