|
Getting your Trinity Audio player ready...
|
Considering the fact that on Thursday the 1812 Brewing Company Inc (OTCMKTS:KEGS) stock emerged as one of the biggest movers in the market, it is likely that the stock is going to find some interest among investors this morning. Following a major new announcement from the company yesterday the stock went up by as much as 25% for the day and emerged as a major gainer.
The company came onto the radars of investors yesterday after it announced that it had signed a Memorandum of Understanding with the firm ERApeutics LLC, which does business under the name EVERMIND.
As per the nature of the agreement between the two companies, 1812 BREWING COMPANY is going to help EVERMIND with the sourcing and facilitation of investment capital so that the latter could start the production and marketing activities for its beverage products. The beverage products in question are naturally sourced, plant-based, and scientifically sound beverage and functional food products meant for boosting cognitive health in consumers.
These plant-based beverages from EVERMIND are going to help consumers with both short-term as well as long-term brain health in a convenient fashion. Since the products offer a range of benefits, EVERMIND would be trying to corner a market share in the limited benefit categories which are worth multibillion dollars in market value.
The Chief Executive Officer and Chairman of 1812 BREWING COMPANY spoke about the latest development as well. He noted that he was ‘extremely pleased’ at the total market opportunity and the capital-raising success that had been enjoyed by EVERMIND.
He went on to note that EVERMIND had an intelligent plan in place by way of which it was looking to make a mark in its chosen market. He added that he was looking forward to helping EVERMIND in its growth path.
