Aristocrat Group (OTCMKTS:ASCC) Stock On Radar After Latest News
Aristocrat Group (OTCMKTS:ASCC) was one of the companies to have come on to the news cycle on Monday after it announced that it had gone into early stage negotiations with regards to the acquisition of Merica Bourbon.
Trading Data
On Monday, ASCC stock ended flat at $0.0300 with more than 36.68K shares, compared to its average volume of 2.84K shares. The stock moved within a range of $0.0300 – 0.0400 after opening trade at $0.0300.
Aristocrat Group (OTC: ASCC) to Begin Preliminary Negotiations of the Acquisition of Merica Bourbon
Merica Bourbon is a nationally recognized brand which is distributed throughout the United States and that includes big box retailers like Walmart. The Chief Executive Officer of Aristocrat Group Derek Sisson spoke about the decision as well. He noted that the company was committed to continue the growth and marketing of brands that share the same philosophy as Aristocrat Group.
Aristocrat Group is a company that is operated by marine veterans. Sisson noted that the company was involved in building its base through passion, integrity and support for its customers. Merica Bourbon had been established back in 2017 and its products are manufactured in the state of Texas.
The company has claimed that it uses the best American ingredients for the purpose of producing one of the best tasting, cleanest and smoothest bourbons in the country. Aristocrat Group is looking to build a significantly large portfolio of distilled spirits and beers. It may be a good move to keep an eye on the stock today.
