Star8 Corp. (OTC:STRH) Stock Falls 8%: Here is Why

As another trading week begins, it may be a good time for investors to consider taking a closer look into some of the companies that came into focus this past Friday. That could bring Star8 Corp.’s (OTC:STRH) stock into focus this morning. The company’s subsidiary, Café Domino, which is best known for being a major coffee roaster based out of Florida, was in the news on May 17 after it announced its move to expand into the popular supermarkets in South Florida.

The Chief Executive Officer of Café Domina Pino Impagliazzo spoke about the latest move from the company yesterday. He noted that Café Domino enjoyed a strong history in the city of Miami, and the company was intent on being the market leader in the city. He went on to note that the community in Miami had a good comprehension of Café Domino as a brand, and hence the management was confident that the community would continue to drive the success of the company in South Florida.

It was revealed that Café Domino had managed to garner distribution in some of the more important grocery retailers across the state of Florida, and that took its presence to almost 100 locations. In this context, it should also be noted that the company has also added four new SKUs (stock keeping units) to its offerings. They are 10 ounces, 2 pounds, and 14 ounce bags, in addition to Frack packs, that would be provided in selected retail locations. The company aims to expand into 120 more supermarkets in the coming 12 months, and currently it is in the middle of negotiations to set up a coffee shop in Little Havana, Miami. Little Havana is regarded as the capital of espresso in the United States. It would be interesting to watch the price action in Star8 Corp. stock today.