Acquisition Negotiations Turn Heads On Wednesday

Acquisition Negotiations Turn Heads On Wednesday

By: Dylan Sikes – News

Wednesday, June 22, 2022

An Indiana-based healthcare company turned heads on Wednesday after the company announced negotiations to acquire Sannabis S.A.S., a Colombian cannabis company. According to the release, Sannabis, and affiliated companies, hold four cannabis licenses: Seed Use, THC-Cultivation, Non-THC (Hemp)-Cultivation, and Fabrication/Export. This news sent shares of the acquiring company, Ultimate Sport Inc. (OTCPK:USPS) higher during Wednesday’s session.

Ultimate Sports Inc's Mens Advanced RX Online Medical Clinic provides licensed physicians to diagnose and treat male health and wellness issues using a new standard of care for men that simply don't have the time or want to avoid the potential embarrassment of sitting in a men's ED clinic waiting for diagnosis and treatment.

As previously mentioned, traders were bullish on the news as shares of USPS quickly reached up to $0.0594/share (+114.44%) at the session high. 

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