Labor Smart Inc. (OTC: LTNC) Stock On Radar After The Acquisition News

In a pivotal new trading week, investors are going to be highly interested in the latest moves in the market, and one of the stocks that may be on their radar could be that of Labor Smart Inc. (OTC:LTNC). This past Friday the company had been in focus after a key new announcement, and it may be a good time to take a look.

New Acquisition

The company announced last Friday that it had completed the acquisition of Creager Mercantile Co., a legacy distributor based out of Denver with a track record going back more than 120 years. In the news release, the company announced that the acquisition constituted a strategic move aimed at boosting Labor Smart’s operational capacities, raising the market expanse, and enhancing efficiency. In light of the acquisition, the company also claimed that it could prove to be a major boost for all its partners and brands.

Key Details

It was noted that in 2024, Creager Mercantile had managed to generate revenues to the tune of $22 million. However, more importantly, the acquisition would also add operational infrastructure and expertise that had been developed over a period of several decades. The acquisition would give Labor Smart access to more than 9000 retail locations. 

A Statement from Leadership

“This acquisition strengthens our ability to serve our major retailers and the brands we own with greater efficiency, broader reach, and an unwavering commitment to excellence,” said Brad Wyatt, Co-CEO of Labor Smart Inc. “It’s a fundamental win for our business as a whole, reinforcing our ability to create meaningful growth opportunities across the board,” said Tom Zarro, Co-CEO of Labor Smart Inc.

Technicals

+/- EMA(20)	0.0016 (-6.25%)
+/- SMA(50)	0.0017 (-11.76%)
+/- SMA(200)	0.0032 (-53.13%)
5-Day Perf.	-6.25%
1-Month Perf.	-6.25%
3-Month Perf.	-46.43%
6-Month Perf.	-62.5%
YTD Perf.	+7.14%
1-Year Perf.	+87.5%
RSI(14)	45.31
ATR(14)	–
ADX(14)	42.78