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Unique Foods Corporation (OTCMKTS:UPZS) Surging On Cannabis Prospects

Unique Foods Corporation (OTCMKTS:UPZS) Surging On Cannabis Prospects
Written by
Jim Bloom
Published on
March 20, 2019
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Unique Foods Corporation (OTCMKTS:UPZS) bounce back from all-time lows is picking up some steam if a 50% plus spike in share price, is anything to go by. Amidst the spike, the stock finds itself in unfamiliar territory having shed more than 90% in market value over the past year.

UPZS Share Price Analysis

A spike in trading volumes could as well signal an influx of buyers after a long period of subdued trading activities. However, the stock is still languishing at all-time lows, amidst the recent spike. A plunge below the $0.01 level means the stock faces an uphill task to turn bullish.A spike in trading volume, as well as share price, follows the announcement that Unique Foods has completed the acquisition of Pizza Fusion. With the acquisition, the company gains access to a robust pipeline of products that it can rely on to plot a comeback.The stock’s market sentiments have also received a boost on the company signing a strategic agreement with Brewer & Associate Consulting. The agreement is for the sourcing, distribution, and marketing of a new line of certified CBD-infused food product under Unique Foods Branding.The removal of $495,000 debt form the company’s balance sheet is another development that underscores the ongoing restructuring. The removal is a positive step as the company seeks to start on a clean slate after the underperformance of the past year. UPZS Daily ChartRecent developments have helped shine some light on Unique Foods, after a long period of subdued activity in the market. With the stock currently languishing at the $0.0020 a share level, it will take groundbreaking catalysts for the stock to continue bottoming out.

About Unique Foods

Unique Foods operates a franchising business model whereby it franchises pizza and sub restaurants across the United States. In 2017, the company partnered Jack Brewer and Brewer Media & Entertainment Group as it sought to increase its online and retail sales.

Pizza Fusion Acquisition

Unique Foods has started showing signs of bottoming out after a long period of consolidation. The acquisition of Pizza Fusion Holdings underscores the company’s push for inorganic growth something that continues to excite investors.With the acquisition, the company is poised to expand its footprint into the cannabis sector. Plans are already underway to unveil an organic, gluten-free and CBD infused frozen pizza under the Pizza Fusion Brand.The acquisition of Pizza Fusion comes on the heels of Unique Foods signing agreement With Brewer-Infused Food Products as part of its Cannabis expansion drive. The two are joining forces to work on certified-infused food products. Plans are already underway to roll out certified 500-3000mg CBD infused Gummies and Honey.In an effort to ramp up sales Unique Foods will make the new products available on its website as well as various nationwide CBD retail outlets,

“We are very excited about our new partnership with Be Well and believe our high quality certified CBD-Infused food products would stand out in a relatively new and rapidly growing segment of the billion dollar CBD health food market,” said CEO James C. Vowler.

The Chief Executive Officer has also confirmed they have a number of CBD-infused products that they are ready to go to market with. The products include a healthy cookie and gourmet coffees targeting customers in the Ohio area.

Bottom Line

Unique Foods has achieved significant progress as it moves to keep its house in order after a long period of underperformance. A lack of updates, highlighting the company’s plans and long-term prospects, has gone a long way in hurting the stock’s sentiments in the market.A surge in trading volume in recent week’s signals renewed investor interest in the stock as the company moves to pursue growth around cannabis products. The acquisition of Pizza Fusion should strengthen the company’s product pipeline as well as revenue streams, crucial to strengthening investor confidence.However, it is the launch of CBD ambitions that appears to be fuelling the upside action. The company coming through on the launch of CBD products and strengthening distribution channels should continue to excite the markets and continue strengthening the stock’s sentiments in the market.Given the underperformance of the past year, it might be too early to get excited about Unique Foods. The stock faces a long road ahead given that it is still trading below the $0.01 psychological level.We will be updating our subscribers as soon as we know more. For the latest updates on UPZS, sign up below!Disclosure: We have no position in UPZS and have not been compensated for this article.

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