It's almost like this new company direction is bringing some serious attention to this undervalued stock...
#1 LITH Key Catalyst - New Contract With IHN
US Lithium Corp. Wins Manufacturing & Distribution Contract From International Healthcare Network
HENDERSON, Nev., Jan. 30, 2020 (GLOBE NEWSWIRE) -- US Lithium Corp (OTC QB: LITH) (the ”Company”) is pleased to announce that its CB manufacturing business has been awarded an exclusive purchase and distribution agreement by International Healthcare Network (“IHN”) for at least four of its products. One much anticipated product is a highly concentrated topical pain cream developed in conjunction with leading chiropractors across the country.
“After extensive patient testing, our products were chosen due to their effectiveness and value. We are proud to have been selected by IHN and look forward to working with them on the marketing and distribution of our CB-based products,” stated Gregory Rotelli, Chairman of the Board of LITH.“
We’re excited to partner with Greg and his team to supply effective pain relief products across our network. Medical professionals and patients alike quickly recognized the quality of the products during our evaluation trials,” stated Dr. Donald Cenk, a principal of IHN and one of the nation’s leading chiropractors.
This multiyear agreement is an example of the Company’s focus on securing large distributor arrangements with proven sales and medical organizations. Initial sales and product fulfillment efforts will begin this month and will include significant mass media advertising across a multitude of channels. Additional products will be incorporated into the agreement as they are ready for market.
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#2 LITH Key Catalyst - New Acquisition
US Lithium Corp. Enters CB Industry Through Strategic Asset Acquisition
HENDERSON, Nev., Jan. 21, 2020 (GLOBE NEWSWIRE) -- US Lithium Corp. (OTC QB: LITH) (the ”Company”) is pleased to announce that, effective January 20, 2020, it has acquired four [...] related contracts between Hemp Cloud 9 and four unrelated parties in exchange for 4.7M shares of LITH stock. As a result of these acquisitions the Company will change its primary business from minerals to "Green Wave" products." The Company also intends to change its name, stock symbol and website within the next 30 days to better reflect this new strategic direction.
Through this acquisition the Company now has contractual relationships with well-known farmers for raw material acquisition, certified contract manufacturers for production, and distribution partners to sell exceptional products at the lowest possible cost to both the CB and medical industry. The Company will control its products from ’seed to shelf’ without the need for expensive infrastructure and operating overhead. Instead, the Company will be able to dedicate its resources primarily to product development and sales.
“This acquisition positions our company as a contract manufacturer and supplier in the high growth [...] industry. Going forward our focus will be on helping improve the lives of individuals while maximizing shareholder value,” stated Gregory Rotelli, Chairman of the Board.
The collective market for CB sales is expected to exceed $20Bn in the United States by 2024, according to BDS Analytics and ArcView Market Research. The Company now has the key farming, manufacturing, and distribution agreements in place to become a major force in this exciting new growth industry. Announcements regarding initial products and distribution channels will be forthcoming over the coming weeks.
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Before the company changes its name and symbol, don't you think you should start checking it out???
The slightest bit of news, including the name/symbol changes, could continue this current share price growth in the short-term.
And, as Yahoo Finance reports this stock to only have 4.1Mn shares in its float, volatility could be a major factor in a short-term breakout if the news is good.
Make sure you have LITH on your radar for Thursday. It could be make or break time.
