A small Nashville-based company has just announced the establishment of its own manufacturing facility in Chanute, Kansas. With local support of the economic development in the area, American Rebel Holdings Inc. (OTCQB:AREB) executives are excited about the future, according to Andy Ross, the founder and CEO.
For a bit of background on the company, American Rebel Holdings Inc. develops self-defense and patriotic products. It designs, manufactures, and markets concealed carry products. It offers products range in Backpacks, Coats and Others.
Traders seemed to be excited by the news as they bought up shares to an early intraday high of $0.105/share (+50.0%) following the announcement. This move is a continuation of the month-long bullish attempt to break the stock out of its longer-term downtrend.
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