TransGlobal Assets Inc. (OTC:TMSH) Stock In Focus After Recent News

This morning, most investors are expected to look into the stocks of those companies that may have come into focus yesterday, and a news story that could be worth looking into is related to TransGlobal Assets Inc. (OTC:TMSH). On March 21, the company announced that Better Health Sciences Inc., its fully owned subsidiary unit, had entered into a joint venture agreement with Better Health Sciences for Pets Corp., generally known as the Better Pets Brand. In the news release, it was announced that the joint venture agreement between the two entities was a strategic collaboration that would be involved with the distribution and marketing of key new Better Pets products.

As per the provisions of the agreement, the fully owned subsidiary of TransGlobal Assets, Better Health Sciences, would oversee the marketing and distribution initiatives. It would deploy both its existing and newly established channels in order to push the products to the largest customer pool possible. The expenses with regards to the distribution and marketing of the products would all be borne by Better Health Sciences, which would also demonstrate the commitment of TransGlobal Assets towards the partnership’s success.

In exchange, the sales revenues generated from the sale of products from Better Pets would be shared on a 60-40 ratio, and the bigger share would go to Better Health Sciences. The products that would be on offer from Better Pets had been designed for the purpose of catering to a wide range of pet health needs.

The products are meant to take care of both internal and external health issues in pets. The Chief Executive Officer of TransGlobal Assets, Ilya Strashun, noted that the move would not only help the company broaden its portfolio but also demonstrate its dedication to the health of pets.