The wellness industry may be booming but on Monday the stock of the major wellness clinic operator Mitesco Inc (OTCMKTS:MITI) actually took a dive and declined by as much as 3%.
Although the stock may have declined, it should be remembered that the company actually made a key announcement yesterday and investors could do well to take a look at it. Mitesco announced yesterday that it signed a lease agreement by way of which it will set up another of its The Good Clinic location in Denver. This location will be the fourth wellness clinic for Mitesco in the greater Minneapolis area and the very first in Denver.
Larry Diamond, who is the Chief Executive Officer of the wellness clinic operator, spoke about the development as well. He stated that he was pleased about the signing of the lease for the new location and went on to state that the company continues to hunt for locations that might be suitable for its line of business.
The latest development is an important one for Mitesco and although the stock suffered from a selloff yesterday, it is going to be interesting to see if it can make recovery today.