Nevada registered C-Corp and a wholly-owned subsidiary of Nass Valley Gateway Ltd (OTCMKTS:NSVGF), Nass Valley Gardens Inc, on April 29, 2022, announced on diversifying its product offering. It has identified cosmetics and hemp-based foods as two additional categories.
Market Reaction
On Friday, NSVGF stock ended flat at $0.0586 with 38.8K shares, compared to its average volume of 15.76K shares. The stock moved within a range of $0.0586 – 0.0586 after opening trade at $0.0800.
Nass Valley Gardens Inc. Announces It Will Diversify Its Product Offering Which Will Include a Cosmetic Line and Hemp-Based Foods
Nass Valley Gateway Ltd. COO Michael Racaniello said that the firm has been working on testing and creating more consumer products outside the core CBD products. The COO feels that the company is looking at these products needed for the distribution channels. The company has aimed at bolting extra products aligned with the health and wellness positioning.
Racaniello added that the firm feels that the cosmetics line is a natural fit alongside skincare, bath and beauty, and anti-aging CBD products. Hemp-based foods also fit the Nass Valley Gardens wellness brand. Nass Valley Gardens management anticipates that the products will be available to consumers from quarter three of 2022.
Nass Valley Gardens Inc is a publicly-traded company on the CSE. In 2019, the company started focusing on the sales and distribution of organic, non-GMO hemp-based, CBD products sold through retail, wholesale, direct, and digital sales channels. Nass Valley Gardens’ products aim at pain remediation, sleep, focus, anti-aging, hair, pet, and beauty markets.
Key Quote
Nass Valley Gateway Ltd. COO Michael Racaniello stated, “We have been working on testing and creating a number of different consumer products outside our core CBD products as we see needs within our distribution channels and are reacting to specific requests of our partners. We always intended to bolt on additional products which are aligned with our health and wellness positioning. We certainly feel a cosmetics line is a natural fit alongside our bath and beauty, skin care and anti-aging CBD products. Hemp-based foods also fit our Nass Valley Gardens wellness brand as we have access to consumer segments searching for all-natural hemp-based foods.”
Traders Review
NSVGF stock is trading below the 20-Day and 50-Day Moving averages of $0.0687 and $0.0795 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1019.
