One Step Vending Corp (OTCMKTS:KOSK)
One Step Vending Corp (OTCMKTS:KOSK) shares surged 28.6% after the holding company announced the signing of an exclusive purchase and engagement agreement with Hemp Inc. (OTCMKTS:HEMP). The agreement is for the development of consumer products based on CBD extracts.
Hemp Inc. Partnership
Under the terms of the deal, Hemp Inc. is to come up with unique hemp-oil-based consumer products for sale in One Step Vending Corp micro markets kiosks. The partnership may help the two companies generate significant value. KOSK investors pushed One Step Vending Corp (OTCMKTS: KOSK) up, on the belief that the agreement may expand KOSK operations into the multi-billion legal cannabis business.
The stock is currently trading at a key resistance level above which it could make a push for the $0.03 mark. One Step Vending Corp is already up by more than 40% for the year even though it has traded in a downtrend ever since it touched highs of $0.03 a share.
It awaits to be seen if expansion into legal cannabis industry is the catalyst that will help push the stock above its 52-week high of $0.16 a share.
“This partnership with a pioneer in the hemp industry, Hemp Inc., will help our Company meet the high demand of the current CBD consumer market and deliver on our goal of creating a powerhouse on the distribution side of CBD products by expanding our product mix,” said Chief Executive Officer of One Step Vending Corp (OTCMKTS: KOSK). Daniel Garfinkel.
New Vending Machine
The Hemp In. partnership comes weeks after One Step Vending Corp (OTCMKTS:KOSK) announced it had finished the design of a new vending machine for the automation of sales of alternative products. The machine will be used to dispense, at a price, over the counter health products such as cannabis products as well as electronics among other accessories.
The new machine under development will come with a 21-inch touchscreen display to be used to provide information and videos about products.
“We are very excited to create a new vending machine to accommodate the growing market needs for new and innovative self-check-out products,” said Mr. Garfinkel.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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