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Plandai Biotechnology (OTCMKTS:PLPL) Stock Continues to Gain Momentum

Madison Hall , , , ,

Plandai Biotechnology (OTCMKTS:PLPL) on May 18, 2023, announced a comprehensive rebranding initiative, after the successful completion of a share exchange agreement with ByoPlanet, LLC. Plandai also said that all contingencies needed for closing have been done and this ensures that all of ByoPlanet’s assets have been rolled up into Plandai.

Trading Data

On Thursday, PLPL stock soared 14.29% to $0.0008 with more than 97.76 million shares, compared to its average volume of 36.91 million shares. The stock moved within a range of $0.0006 – 0.0008 after opening trade at $0.0006.

Following Completed Share Exchange Agreement with ByoPlanet, Plandai Announces Material Rebranding to Disinfectant Industry Focus

Recognized as a firm engaged in research, development, and manufacturing of products, Plandai abandoned its earlier classification. The company is thrilled to announce the transition from the cannabis sector to the disinfectant industry.

Manager of ByoPlanet and now the CEO of Plandai, Rick O’Shea said that Plandai is moving ahead and has embraced change. Shea added that the strategic shift is an important part of its plan on expanding market share in the disinfectant business.

The company is already working on the completion of the name and trading symbol with FINRA for improved alignment with the new business model. Plandai is also updating the website and establishing a dedicated social media account for investor relations. The new initiative will give investors with real-time information on its operational progress and strategic developments.

A biotech firm dedicated to the delivery of industry-leading solutions in the disinfectant sector, Plandai Biotechnology, Inc has tied up with ByoPlanet, a leader in disinfection solutions, providing innovative technologies and services enhancing health outcomes.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.