International Consolidate (INCC) Stock Almost Doubled This Week: What’s The Buzz?
International Consolidate Companies Inc (OTCMKTS:INCC), better known as INCC, has seen its stock emerge as one of the notable gainers in the past two days. On Wednesday, the INCC stock surged by as much as 31% to takes its gains over the course of the past two trading sessions to 85%.
While the gains made by the INCC stock are impressive, it is also important to point out that there has been no news about the company this week that might have led to such a rally. In this sort of a situation, it could be a good idea for investors to perhaps take a look at a development from earlier on in the month.
Back on May 4, INCC announced that it signed a definitive agreement in order to acquire the assets and businesses of the company Blue Plant Farms LLC. As per the announcement from the company, the deal is expected to be closed on May 30, 2021.
In order to understand the implications of this acquisition, it is important for investors to know a bit more about Blue Plant’s business. The company is involved in the production of CBD products derived from hemp oil and the products are sold under a range of brands.
The products also offer a higher degree of bioavailability since those are produced by deploying Blue Plant’s proprietary water soluble formulas. It goes without saying that it is a significant acquisition for INCC, especially considering the fact that its National Go To Strategy is going to be launched by way of the sale and distribution of products manufactured by Blue Plant.
INCC is going to sign a distribution contract with a convenience store association that boasts of as many as 90000 members. Initially, INCC is trying to take its products to a total of 5000 convenience stores over the course of the next 24 months.
Asia Broadband (AABB) Stock Consolidates Around 15 cents: What Now?
Those who are on the hunt for stocks which might have clocked significant gains so far this year might do well to take a look at the Asia Broadband Inc (OTCMKTS:AABB) stock. It has been one of the major performers so far this year and has managed to deliver gains of 1400%.
While those gains are impressive, it should be noted that on Wednesday, the Asia Broadband stock actually declined by 9%. However, at the same time, experts believe that following the company’s strong performance in the first fiscal quarter, Asia Broadband is now in a position to generate growth in 2021.
The company announced its financial results for the first quarter earlier on this week and the crowning glory of the performance was the $100 million plus in assets that it reported in its balance sheet.
This suggests that Asia Broadband now has the assets and liquidity under its command which will allow it to finance and progress is cryptocurrency and gold mining businesses. Not too long ago, Asia Broadband started selling its gold backed crypto token AABBG and by doing that the company managed to collect as much as $1.5 million in the form of cryptocurrencies alone.
However, that is not all. The company has also designed an international marketing initiative in order to boost its brand, facilitate the sales of more cryptocurrencies and increase the number of transactions through the AABB wallet. Asia Broadband is all set to launch this campaign at some point next week and it could eventually lead to a considerable boost to its cryptocurrency ecosystem.
This campaign is expected to create substantial buzz and also help the company as it progresses the launch of its own cryptocurrency exchange. The company announced recently that is has made meaningful progress with regards to is the crypto exchange and it is one of the stories that investors could consider following closely.