Micro Cap Surges On Joint Venture Announcement

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, June 1, 2022

A small food and hemp-based products company announced on Wednesday that it has entered into a joint venture with Flörd, a maker of premium rare cannabinoids. According to the release, under the terms of the JV, the company will gain exclusive distribution rights and will be a 50% partner in the sale of Flörd products in the United States.

This strategic new venture had traders eager to get their hands on shares of Verus International Inc. (OTCPK:VRUS), which caused significant buying pressure. This micro cap went on to close up at $0.0019/share (+137.50%), which is a massive boost in confidence since the stock has been sliding over the last few months.

It will be interesting to see how this joint venture affects the future prospects of this company, and how traders and investors alike will digest this information in sessions to come.

Copyright © 2022 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.