MedX Holdings Inc (OTCMKTS:MEDH) Stock in Focus After the Recent Development

This morning the brands management and acquisition firm MedX Holdings Inc (OTCMKTS:MEDH) announced that it is in the process of completing the acquisition of its own fully owned subsidiary company Craft Herbs LLC.

While the announcement from the company this morning is a significant one and is likely to bring it on to the radars of investors, it should be noted that the MedX Holdings stock has performed poorly in the past weeks. Over the course of the past month, the stock has tanked by as much as 50% and it is going to be interesting to see if it can stage a rebound today.

In this context, it is important for investors to take a look at Craft Herbs and its business. It is a Texas based limited liability company and holds license to process and also cultivate hemp in the South Texas area. The company is involved with development of proprietary hemp related products like CBD, fuel, feed, biomass and fiber among others. The company, which had been set up in 2017, offers these products to its clients. At this point in time, the company operates a total of three facilities in the South Texas region.