Star8 Corp (OTCMKTS:STRH) Stock Continues to See Selling Pressure

Star8 Corp (OTCMKTS:STRH) fell 12% after the company announced the completion of the acquisition of membership interest in Rari Nutrition LLC. Rari Nutrition is a Florida-based health and wellness company that is now a wholly-owned Star8 Corp subsidiary.

Market Reaction:

On Monday, STRH stock fell 12% at $0.0438 with more than 523K shares, compared to its average volume of 463K shares. The stock has moved within a range of $0.0360 – 0.0500 after opening the trade at $0.0367.

Major News

The company supplies high-quality 100% natural sports nutrition products and nutraceuticals. Rari offers the highest quality natural products currently in the market. Since its establishment in 2014, Rari has created a successful eCommerce platform, introducing several products to the market via its website and Amazon.

With Star8 expanding as a company, it will capitalize on Rari’s vast e-commerce experience for its operations and subsidiaries. CEO Mario Diez said that creating an eCommerce component for the company is a massive step for Star8 Corp’s growth. In addition, Diez explained that Rari Nutrition’s eCommerce experience would be invaluable to the company as it expands and advances its business. The acquisition of Rari Nutrition closed on October 15, 2021. Following the acquisition, STRH is worth keeping an eye on.