This past Friday, Golden Triangle Ventures Inc (OTCMKTS:GTVH) made an announcement in which it provided the latest updates and also provided a lowdown of its latest activities as well as some of the milestones that might be hit its divisions.
It was an important announcement from the company but it seems that investors were not particularly impressed with the updates and the stock tanked by as much as 22% on Friday. One of the more important updates from the company was with regards to its fully owned subsidiary company Global Health Services Inc.
In this context, Golden Triangle announced that it was working towards the acquisition of the CBD health, beauty and wellness product line manufacturing company Le Pragma. Once the acquisition is actually completed, Global Health Services is going to provide the company with sales and distribution services.
To that end, Golden Triangle has already sent in an application to a payment processor and believes that Global Health will be able to start facilitating sales as soon as it can start accepting orders on its health portal. There were other key announcements as well and many of those could prove to be important for Golden Triangle in the long run.
