Hollywall Entertainment (OTCMKTS:HWAL) Stock Takes a Hit: Here is why
Technologies, telecommunications, media, technology, infrastructure and entertainment company, Hollywall Entertainment (OTCMKTS:HWAL), on May 10, 2023, announced acquiring minority stock interest in an innovative e-commerce website for CBD products, www.cbdee.com.
Trading Data
On Wednesday, HWAL stock slumped 48.68% to $0.0870 with more than 252.43K shares, compared to its average volume of 30.80K shares. The stock moved within a range of $0.0870 – 0.2393 after opening trading at $0.1964.
Hollywall Entertainment, Inc. (HWAL) Acquires Interest in New Technology Driven CBD Retail Marketplace
HWAL is buying Twelve and a half percent ownership in the firm for an investment of about $125,000 with terms comprising $100,000 in cash and $25,000 in the 12,500 shares of 144 Restricted common stock of Hollywall Entertainment Inc. The investment will add an extra revenue stream to the firm.
Recently, HWAL announced forming a new technology Division for investing and acquiring operating companies in Data Centers, AI, Blockchain, Crypto, NFT,Bioscience, and Fintech industries. The investment is the first of many investments HWAL plans is intending to make in diverse Bioscience cutting edge industries.
Hollywall’s President Roxanna Green said that the firm is excited about the most recent investment into the bioscience industry. Green added that this will help educate and present to the public globally on the medical benefits of the use of many different CBD products.
Mark Glover will be serving as President of the newly formed Bio Science technology division at Hollywall and handlethe day-to-day operations. An entrepreneurial-minded individual, Glover is a seasoned sales professional and effective leader with a proven track record in a 20-year career. Prior to the role as Vice President of High Times Corporation, Glover was recently the Co-Founder and Director of Sales and Marketing for Cannabis technology company BlazeNow, Inc.
