$MMA - Alta Global Group (MMA) On Watchlist After Big News- What do you think?
Alta Global Group Limited (NYSE American:MMA) stock might see notable buying interest after inking Strategic Partnership and Investment by Upper Management.
Here are major takeways for MMA investment thesis
Strategic Partnership and Investment by Upper Management - This partnership includes Upper Management becoming a shareholder of Alta Global Group. The partnership is expected to unlock a number of opportunities in the Mexican market including launching Alta's flagship Warrior Training Program at multiple gyms and developing content that can directly engage and monetize the 18.6m Mexican fans of UFC.
Earlier in May, $MMA announced announces its strategic acquisition of Hype for an undisclosed sum. . Hype reimagines the future of multiple product categories simultaneously across a $100 billion+ market for small business software. Hype has processed over $40 million in payments through its platform, helped businesses collect over 4 million contacts and is currently generating approximately $200,000 per annum in recurring revenue. Alongside Alta's existing product offering, the Hype products are expected to accelerate Alta's penetration into the substantial martial arts and combat sports market, with over 45,000 martial arts and combat sports academies in the US alone.
On May 10, The company announced its partnership with five-time MMA world champion Conor McGregor in support of Trainalta.com. McGregor, along with his long-standing coach and Alta Co-Founder John Kavanagh, has become a shareholder of Alta Global Group as it aims to convert 640 million MMA fans into active combat sports participants globally. Alta's network currently encompasses partnerships with over 500 gyms, representing a fraction of the total martial arts and combat sports gym landscape in the US, which stands at 45,000 establishments.
