The Pharmagreen Biotech (OTCMKTS:PHBI) stock was in the middle of a rally on Monday after the company made a key announcement and ended the day with gains of as much as 7%. The rally in the stock came about due to an announcement from New to the Street TV with regards to the fact that Pharmagreen inked a deal for a TV commercial package.
By way of this agreement, as many as 1200 Pharmagreen commercials are going to be aired and it will start from next month. Publicity is a big thing for all companies and the fact that Pharmagreen commercials are going to be shown on some of leading TV networks has possibly come as a source of excitement for investors.
As per the agreement with New to the Street TV, the commercials are going to be aired over a period of 12 months starting from September. Some of the networks in which the commercials are going to be aired are ESPN, CNBC, Fox News, MSNBC, Newsmax TV and Fox Business Network. In light of this announcement, investors are expected to watch the proceedings closely over the next year and see if it has any positive impact on Pharmagreen’s business.