RCMW Group Inc. (OTCPk: RCMW), a parent company to a vertically integrated group of business units that are emerging leaders in the consumer products category, closed Friday at $1.90, up 18.75 percent, and has been traded in a day range of $1.90 to $1.94. The RCMW stock has spiked over 40% in the last year with an average volume of over 19.99K shares. In the absence of current news, the RCMW stock rose, which allows us to point to recent developments to provide a better perspective on the stock.
What’s new at RCMW?
RCMW is a publicly-traded, vertically integrated company that operates and plans to diversify its portfolio of subsidiaries. Due to RCMW’s focus on assets, products, and ancillary offerings in consumer product-related industries, it is a well-positioned company to adapt quickly to market changes and capitalize on opportunities. A key focus of RCMW is to continuously identify opportunities and strategic acquisitions that will support the business model and help it stay at the forefront of the industry. RCMW currently operates in the Americas, Canada, Europe, and Asia.
It has recently been announced that RCMW Group’s Pet Health Technology Inc., has signed a Purchase and Supply Agreement with Pet Valu Inc. for the supply of True Leaf Hemp Supplements and True Leaf Body and Oral Support products.
As a leading pet specialty retailer, Pet Valu Inc. specializes in small-format pet products. With over 600 stores across Canada, Pet Valu operates under the brand names Pet Valu, Bosley’s by Pet Valu, Total Pet, and Tisol Pet Nutrition & Supply.
Will RCMW subsidiary to benefit from this?
RCMW subsidiary will have the opportunity to showcase its high-quality pet products throughout the Pet Valu family of retailers by virtue of this collaboration. The subsidiary of RCMW believes that Pet Valu will be able to market and sell the 19 sku they intend to stock through the 19-sku product line.