Following a key announcement yesterday from Excelsior Solutions Corporation (OTCMKTS:BRYN), the company’s stock went on a strong upward move and ended up with gains of as much as 17% as a consequence. The company announced yesterday that it had inked a letter of intent with regards to the acquisition of a 51% stake in the company Harvest Health Mushrooms Inc, which is a California based firm.
Excelsior Solutions (OTC: BRYN) Enters Into Letter of Intent to Acquire Healthy Harvest Mushrooms, Inc.
Back in August last year, Harvest Health had emerged as a sales and marketing entity focussed on mushrooms and mushrooms based products through their ecommerce website. However, that is not all. Harvest Health is also going to be involved in working as a wholesale distributor of some mushroom types to restaurants, cruise ships, hotels and retail outlets.
Following this acquisition, Excelsior Solutions Corporation is going to be focussed on acquisition of new companies which are going to help in boosting revenues from the existing brands, as per the Chief Executive Officer of the firm Kim Moore. Moore went on to note that Excelsior Solutions Corporation had managed to build up the necessary infrastructure so as to support the growth of companies which are still in the growth stage.