SHMN is a PHARMA STOCK should RUN SIMILAR to TSOI and VDRM pennies IMO READ
SOHM, Inc., Signed a Definitive Agreement for Acquisition of Californian Pharmaceutical Company
Press Release | 09/30/2021
SOHM, Inc. has taken a step forward in establishing its manufacturing base and network in the USA
CHINO HILLS, CA / ACCESSWIRE / September 30, 2021 / SOHM, Inc. (OTC PINK:SHMN), a generic Pharmaceutical, Nutraceutical, and Cosmeceutical company that manufactures and markets generic drugs covering numerous treatment categories announced today that the Company has signed a definitive agreement for its long-awaited acquisition of a leading Southern California based pharmaceutical company.
Mr. Baron Night, President and CEO of SOHM Inc., said, "We are delighted to announce that this acquisition is in line with its medium and long terms strategy of stability and growth. This is purely based on CASH BASIS. In addition, the Company has achieved another milestone of setting up its manufacturing hub in the USA." With this acquisition, the Company is heading towards achieving its "Globalè Prospèro" vision. The agreement and road map had been agreed upon for the acquisition by both companies. SOHM Inc. expects more positive developments to follow in the near future.
Mr. Night added that the acquisition would happen in a phased manner due to the nature of business and compliance safeguards. The details of the acquired Company will be disclosed in due course of time; however, it is FDA licensed facility to manufacture prescription, OTC, Nutraceutical, Cosmeceuticals, and a variety of other segments.
Further, Mr. Night commented that SOHM Inc. would also have the opportunity to manufacture its US branded products in-house in Southern California, which will increase its stability and profitability. The acquisition is in line with the Company's strategy for its growth and stability and brings synergies between the two companies. This huge step by SOHM Inc. will open more contract manufacturing opportunities, which will help SOHM Inc. to increase its revenues, profits, and financial stability.
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