A dually-listed company just announced that Health Canada has added its wholly-owned subsidiary to a list of approved suppliers under the Special Access Program (SAP). This led to a solid rally for shares of Optimi Health Corp (OTCQB:OPTHF) (CSE:OPTI).
Optimi Health is engaged in developing a vertically integrated Canadian functional mushroom brand that focuses on the health and wellness sector. The company has one reportable operating segment being that of the farming, processing and distribution of agrifoods. It also intends to cultivate, extract, process and distribute high-quality strains of fungi products at its facilities located in Princeton, British Columbia.
Traders were bullish on the news as shares hit $0.3174/share (+7.30%) at the session high. This move could potentially indicate that support has been found as the stock has been consolidating for the last few weeks.