Priority Aviation Inc. (OTCMKTS:PJET)
Shares of Priority Aviation Inc. (OTCMKTS:PJET) fell 38.46% after the company’s newly acquired subsidiary, Telluride Health Company, unveiled its maiden product Telluride Happy Water. The new product, designed to enhance cannabis highs, expands the company’s operations into the $280 billion global bottled water market.
Telluride Happy Water
According to Telluride, Happy Water has a high level of dissolved oxygen thanks to a patented technology and formula that reduces the size of water molecules. According to the company, high levels of oxygen enhances cannabis highs.
“Combine the high concentration of dissolved oxygen, with the enhanced uptake platform, optimal pH, improved hydration and increased metabolism, and ask yourself, what could be better to drink before your next hit or to use in your water-pipe? Telluride Happy Water, for a Rocky Mountain High,” Priority Aviation Inc. (OTCMKTS:PJET) in a statement.
Plans are already underway to make the Telluride Happy Water available in all smoke shops across the United States. Priority Aviation Inc. (OTCMKTS:PJET) also plans to make its new product available online in pursuit of more sales. Customers will be able to buy the original refreshing purified water, kiwi strawberry flavored, or lemon-lime flavored.
Investor’s reaction sent the stock tumbling. PJET shares initially spiked higher on Priority Aviation Inc. (OTCMKTS:PJET) announcing its exit from the private jet charter service industry. The company has already disposed of its Priority One Jet Inc. subsidiary as it moves to focus on the cannabis business.
Priority Aviation Inc. (OTCMKTS:PJET) focus has shifted to the multi-billion legal cannabis business with the acquisition of Telluride. The appointment of Telluride Health Company Founder Yasmine Acebo as the new Chief Executive Officer of the combined company underscores a change in the company’s core business.
Plans are already underway to change Priority Aviation Inc. (OTCMKTS:PJET) name to Telluride Health Company to reflect its new core business. Ms. Acebo also plans to reduce legacy debts tied to the previous business operations. However, there are no plans to change the current share structure or to carry a reverse or forward split of shares.
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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