Life on Earth Inc (OTCMKTS:LFER) Stock Continues to Trend Lower: What’s The Buzz
Shares of Life on Earth Inc (OTCMKTS:LFER) continued to move lower on Thursday and now down over 7% over the past week.
Market Stats
On Thursday, LFER stock ended lower by 3.70% to $0.0900 with more than 501k shares, compared to its average volume of 103k shares. The stock has moved within a range of $0.0900 – 0.0989 after opening trading at $0.0965.
Life On Earth, Inc. Signs Purchase Agreement With CareClix Holdings, Inc.
Technology and software company, Life on Earth Inc (OTCMKTS:LFER) on December 23, 2021, signed a Share Purchase Agreement with CareClix Holdings, Inc for the acquisition of four CareClix subsidiaries to expand into the Medical Software and Telemedicine Services industry.
The companies under CareClix Group will be operating as wholly-owned subsidiaries.
Comprising of Telemedicine medical services company, software-as-a-platform company, the direct-to-consumer company, and remote patient monitoring company are all subsidiaries.
Mahmood Khan, LFER CEO said that since the SPA has been signed for the acquisition of CareClix acquisition, the firm will complete final logistics including registrations and filings. Khan added that the firm’s accounting and legal teams would be directing both organizations for making sure all compliances are met and they can move ahead with growth plans in the coming year.
Charles Scott, CareClix Holdings, Inc, Chairman of the Board said that the executive leadership works well together, which is imperative in transactions of this kind.
Scott added that the degree to which LFER executive leaders share a vision of CareClix for telemedicine and digital health future and that it is a significant confidence booster. The Chairman opines that it the firm is looking forward to growing the LER brand benefiting all shareholders.
Life on Earth Inc enables quick innovation keeping enterprises safe and compliant.
Key Quote
Mahmood Khan, LFER CEO added “Now that we have signed the SPA for the CareClix acquisition, we will be following through with the final logistics including required filings and registrations that coincide with a transaction of this type. Our legal and accounting teams will be directing both companies to make sure everything is in compliance so we can move forward with our growth plans for 2022 and beyond.”
Traders Corner
LFER stock is trading above the 20-Day and 50-Day Moving averages of $0.0891 and $0.0826 respectively. The stock is trading in neutral zone with the RSI at 51. The stock is up 25% in the past month.