Grand Havana Inc (OTCMKTS:GHAV) Stock In Action After The Recent News

Grand Havana Inc (OTCMKTS:GHAV) stock continued to move lower on Tuesday. The stock has fallen 38% over the past month.

Market Action

In the previous trading session, GHAV stock ended lower by 1% to $0.0248. A total of 309k shares traded for the session hands, above its average volume of 794k shares. The stock opened at $0.0263 and moved in a range of $0.0247 – 0.0280.

Key Trigger

Grand Havana Coffee(R) and Grand Havana Cafe(TM) Will Exhibit at 2021 NACS Show

announced that its subsidiaries, GH Hospitality owners of Grand Havana Cafe, will be exhibitors at the 2021 NACS Show on October 6-8, 2021, at McCormick Place in Chicago, Illinois. The Grand Havana Cafe™ booth will be featuring the brand’s new Grand Havana Coffee shops®.

The NACS Show is operated by the Association for Convenience & Fuel Retailing and has averaged over 23,000 attendees including many buyers for convenience stores and fuel stations. Grand Havana™ and Grand Havana Cafe® will be in booths #6474 respectively.

“The 2021 NACS Show is a great opportunity for The Grand Havana Cafe’s to showcase the brand.

Convenience stores sell billions of dollars of coffee products annually and we are looking forward to meeting with buyer’s nationwide and sharing our delicious coffee, sandwiches and pastries.

This year we experienced outstanding growth in the convenience channel, and it remains our focus for 2022,” said Robert Rico, CEO of Grand Havana, Inc.

Trader Notes:

GHAV stock has outperformed recently with a jump of over 175% so far this year. On the technical basis, the stock is trading below its 50-day and 20-Day SMA stand at $0.0302 and $0.0287 respectively. Moreover, RSI at 42 signals that the stock is trading near the neutral zone.