A New York-based micro cap just announced that the company has entered into a joint venture agreement with Foundation Farms, Corp. and that it acquired 51% of E-Roots, Ltd. after its signed LOI announced in the beginning of March 2022, according to the release. Shares of One Step Vending Corp (OTCPK:KOSK) rallied strongly on the news.
One Step Vending Corp offers U.S. corporations and businesses micro market kiosks installed in their premises to provide packaged snacks and beverages along with customer loyalty solutions. Its products and solutions include micro markets kiosks, mobile vending machines and earn iq program.
Traders were extremely bullish on the news early on as shares popped up to $0.012/share (+41.18%) at the early session high. This move could potentially indicate a breakout of the multi-month trading range the stock has been corralled by for quite some time.