TOCCA Life Holdings Inc. (OTC:TLIF) Stock Gains Momentum: Here is Why
Considering the sheer volume of news that comes out of the stock market on a daily basis, it is important for investors to be a bit more selective. One of the companies that could be worth looking into at this point in time is TOCCA Life Holdings Inc. (OTC:TLIF), which was in the news on November 29. At the time, the company announced that it expected a major rise in revenues to be revealed in the 2023 Annual Report.
The report for the period ending on August 31, 2023, will be released soon, as per the news release. The President of TOCCA Life Holdings, Stephen Carnes, spoke about the release of the company’s financials soon and noted that he was personally highly excited about the prospect. He went straight to the point and noted that the company projected a 20% or higher rise in revenues for the Aiguille Rock Climbing Center in Florida, the wholly owned subsidiary unit of the company. He noted that such a boost in revenues was a significant one considering the current state of the economy.
Additionally, Carnes noted that the rise in revenues was also an indication of the fact that consumers still looked for venues and activities even in the midst of tough economic periods. He added that the company’s overall revenues were going to show a rise as well, given the fact that TOCCA Life Holdings was only a shell corporation a year ago. He noted that it was on April 1, 2023, that the company acquired Aiguille Rock Climbing Center, and until the end of the fiscal year on August 31, 2023, it generated revenue growth of 20% or more as compared to the same period in 2022.
Carnes also stated that since the company acquired the facility, it had experienced significant growth. The facility is located in Longwood, Florida, and has been a haunt of the community in Central Florida since as far back as 1997. It offers a significant range of climbing experiences and has something to offer for the new climber as well as the seasoned climber.
The company made the key announcement with regards to the acquisition of Aiguille Rock Climbing Center on April 12. TOCCA Life Holdings announced on that day that its subsidiary unit, Be Climbing Inc., had completed the Aiguille Rock Climbing Center acquisition. The facility was described as an established climbing center offering as much as 10,000 square feet of climbing area equipped with top rope, bouldering, and auto-delay features inside the gymnasium.
The subsidiary Be Climbing is based out of Winter Park, Florida, and not too long ago, it made a key announcement. It announced that it was going to establish the first ever world-class rock climbing gym. The company had announced that the studio was going to be situated just outside Orlando, Florida, on a property spanning across an area of 7.02 acres. It was also noted that the Aiguille Rock Climbing Center was going to be a complementary acquisition.
