Full Alliance Group, Inc. (OTC Pink: FAGI) is a holding company that focuses on CBD-based products. Shares of the CBD-based holding company are jumping 97.74%, through early trading on Thursday, November 30, 2017. Over the past month, Full Alliance Group, Inc. has seen average daily volume of 77,746 shares. However, volume of 200,000 shares or dollar volume of $14,000, has already exchanged hands on the day.
Shares of Full Alliance Group, Inc. are rallying today, after the company announced that it has entered into an agreement to acquire Grupo Richard, which will also include its subsidiaries, technology, and real estate holdings. The company now maintains an extensive real estate portfolio worth over $40 million. Here is the full press release detailing of the acquisition:
Full Alliance Group, Inc. Press Release:
LOS ANGELES, Nov. 30, 2017 (GLOBE NEWSWIRE) — Full Alliance Group, Inc. (OTC:FAGI), a holding company, is pleased to announce that after re-engaging Grupo Richard over the past several weeks, the acquisition of all subsidiaries, technology and real estate holdings associated with Grupo Richard was approved, at which point the assets were transferred into escrow.
The assets which are now part of Full Alliance Group Inc., include an extensive real estate portfolio professionally appraised with a net equity of over $40 million dollars USD, and the companies listed below:
Operadora de Servicios GRMS de RI de CV
Grupo Internacional Richard S de RI de CV
Grupo Richard y Lange SAPI de CV SA de CV, and
Asesores en Comercio ON de Mexico
Grupo Richard’s assets are diverse, with most prominent of which are oceanfront and both urban and suburban real estate holdings. In addition, holdings include retail, construction and POS banking system.
FAGI executives are quite excited with the development potential of these assets, and already had discussions with investors from Asia and Central America prepared to assist with the growth of these new subsidiaries.
Details about this acquisition and more can be found on the Full Alliance web site. www.fullalliance.com
Full Alliance Group Inc. is a multi-faceted company with current diverse investments in the United States, focusing primarily on organic agriculture, acquisitions, and CBD-based nutraceuticals. Once these strategic acquisitions are procured and integrated into the long term objectives of the company, Full Alliance Group will provide investment capital, modern business practices and best-in-class management to cultivate and mature these companies to their greatest potential.
This shareholder update may contain a number of forward-looking statements. Words and variations of words such as: “expect”, “goals”, “could”, “plans”, “believe”, “continue”, “may”, “will” and similar expressions are intended to identify our forward-looking statements, including but not limited to: our expectation for growth, benefits from brand-building, cost savings and margins.
These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to: continued volatility of, and sharp increase in: costs/pricing actions, increased competition, risks from operating internationally, consumer weakness, weakness in economic conditions and tax law changes.