TransGlobal Assets Inc (OTC:TMSH) Stock On Watchlist Following Recent News
It is often an onerous task to go through the different companies which may have come into focus at different times and then come to a decision about the ones to track when it comes to investments. However, if one keeps an eye on the news then it may not be as difficult. One of the companies which could well be worth a look at this point in time is TransGlobal Assets Inc (OTC:TMSH).
It operates in the form of a holding company and has a range of subsidiaries. These subsidiaries specialize in providing advanced products and services for assisting patients in getting their medical licenses for either production or for buying medical cannabis from licensed producers. Yesterday the company came into the news cycle after it announced that it had gone into an exclusive joint venture agreement with Canna-King.
As per the provisions of the joint venture agreement between the two parties, they will work on the development of more than 10 products for both the recreational and medical cannabis market, work on formulations for licensing and production which would be meant for the Canadian and American markets. And lastly, the joint venture would also be working on strengthening the manufacturing space for channelling future and existing products for medical patients across Canada.
Canna-King had been established in 2015 when the team behind the company had been tasked with the job of coming up with a formulation of fast-acting, reliable and repeatable medicine. The company came up with the product Candrops, a product which was easily and instantly soluble in water with stable nanoemulsion. The product met with all the initial requirements. Since then Canna-King had made it its mission to work on the production of the highest quality, sustainable and effective products in the medical wellness and health spaces. It is mainly focussed on CBD as a form of therapy in place of traditional forms of treatment.
The Chief Executive Officer of TransGlobal Assets Ilya Strashun spoke about the development as well. He noted that he was personally pleased with the inking of the exclusive joint venture agreement with Canna-King. He noted that he was looking forward to the collaboration with the team of professionals at Canna-King and then unlocking more value for the TransGlobal Assets shareholders. Strashun also stated that the current line of products from Canna-King and the ability to formulate such products gave it an edge in both the recreational as well as medical niches of the market. Many of the products also had considerable application for patients needing medical support.
The company also urged potential investors to get a deeper understanding of the unique investment opportunity by going through the digital domains which are maintained by TransGlobal Assets. It was noted that the online resources provided a detailed look into the considerable potential in TransGlobal Assets as an investment opportunity. It may well be a good time for investors to consider taking a closer look into the company over the coming weeks.
