Brands management and acquisition firm MedX Holdings Inc (OTCMKTS:MEDH) was on the radars of many investors this past Friday after the company announced that it was going to acquire its fully owned subsidiary company Craft Herbs LLC.
The news about the acquisition also came as a major boost for the MedX Holdings Inc stock and on Friday, it ended up with single day gains of as much as 10%. In this context, it is perhaps necessary for investors to take a closer look at Craft Herbs in order to understand the reasons behind the excitement among investors.
It is a limited liability company based out of Texas and at this point in time, it has the necessary licenses to process and cultivate hemp in the South Texas region. The company is focussed on developing proprietary hemp products like biomass, fiber, CBD, fuel and feed.
The company is then involved in offering these products to its customers. The company had been set up back in 2017 and has grown into an important player in the hemp industry in the state. It seems that investors are excited about the possibilities of the hemp industry in Texas. It might be the right time to start keeping an eye on Craft Herbs LLC.