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Xtacy Therapeutics ( (TSE:LOAN) ) has provided an update.
Pegasus Mercantile Inc. announced the addition of Dario Meli, a seasoned entrepreneur and co-founder of Hootsuite, to its advisory team. This move is part of its strategy to enhance its new beverage business unit, which aims to capitalize on the growing demand for wellness-focused beverages. The company is also planning a capital raise to support future growth, while employing innovative marketing strategies involving AI and social media to strengthen its brand presence.
More about Xtacy Therapeutics
Pegasus Mercantile Inc., formerly known as Xtacy Therapeutics Corp., operates in the wellness beverage industry, focusing on developing and distributing both alcoholic and non-alcoholic beverages. The company is leveraging strategic partnerships, such as with Solo Beverage Company Ltd., to expand its market reach, particularly among health-conscious consumers.
YTD Price Performance: -20.0%
Average Trading Volume: 41,042
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.22M
Find detailed analytics on LOAN stock on TipRanks’ Stock Analysis page.
