The news of a key new acquisition could often prove to be a major boost for a company’s stock, and hence, it is likely that the QED Connect Inc. (OTC:QEDN) stock would come into focus today among investors. On Monday, the company came into focus among investors after it announced that it had concluded the acquisition of a 50% stake in Foody TV. The company had inked a letter of intent with Foody TV on April 29 pertaining to the acquisition of the 50% stake. The LOI had been signed as an asset acquisition agreement. In this context, it should be noted that Foody TV is a trademark and boasts its own Foody TV app.
Additionally, it also commands in excess of 15,300 followers on social media. The new director of marketing for media at Foody TV would work closely with the Chief Executive Officer of QED Connect, Katharina Nanny Bahsen, to develop the promotional strategy for the Foody TV brand, GMSacha Inchi. The GMSacha Inchi branded line of products is made with Sacha Inchi, a superfood seed rich in Omega 3, 6, and 9, and also functions as a fully vegan protein with all the essential 9 amino acids. More importantly, Sacha Inchi contains 29% protein, which is higher than the protein content in commercial animal products.
Bahsen, the CEO of QED Connect, spoke about the latest move from the company yesterday. She said that both price dynamics and connections were going to be vital in making the GMSacha Inchi brand popular and eventually gaining access to influential people like top-tier chefs and celebrities. For instance, the chefs could learn about the product and have virtual classes in which they could demonstrate how one could cook with GMSacha Inchi products. It remains to be seen if QED Connect gets any action today.
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