Full Alliance Group Inc (OTCMKTS:FAGI) Stock Falls After Acquisition News
Full Alliance Group Inc (OTCMKTS:FAGI) on May 2, 2023, announced on completion of the acquisition of DYNAMAXX International LTD from April 24, 2023. Full Alliance Group operates in the health and nutraceutical space.
Trading Data
On Tuesday, FAGI stock decreased 23.91% to $0.0070 with more than 3 million shares, compared to its average volume of 1.75 million shares. The stock moved within a range of $0.0060 – 0.0108 after opening trade at $0.0108.
Full Alliance Group, Inc. (OTC:”FAGI”) Completes Acquisition of DYNAMAXX International LTD.
DYNAMAXX is in the health and supplement space and uses direct selling for sales with main operations in Canada and the United States and Canada. Founded in 2009 by
Jay Archer, the firm has expanded globally. It will survive as a wholly-owned subsidiary of Full Alliance Group and Jay would be appointed to serve as FAGI’s Chief Revenue Officer. He will also be elected to FAGI’s Board of Directors.
DYNAMAXX also has a cost-effective way for individuals to participate in the ever-growing GIG economy through a compensation program for those referring customers. It gives support and training to its distributors and has a robust focus on helping people achieve financial freedom through business opportunities.
Jay Archer said that the extra resources that FAGI gives through business development, support as well as integrated manufacturing will enable immediate growth. Archer added that DYNAMAXX always had the mission of changing people’s lives with quality healthcare supplements.
Bill Heneghan, COO of Full Alliance GroupInc said that the firm has started the rollout of new products for DYNAMAXX, and growth through acquisition strategy is quickly taking shape.
