Shares of a Las Vegas-based micro cap absolutely ripped on Wednesday after the company announced the launch of its Southeast Edibles products on Costco.com. This national marketing partnership with Costco.com pushed shares of First Foods Group Inc. (OTCQB:FIFG) to a new 52-week high.
First Foods is focused on providing management services and funding options for new foodservice brands and menu concepts, including the participation in merchant cash advances. The company primarily focused on developing a specialty chocolate line and related IP through a Holy Cacao subsidiary.
Traders were extremely optimistic on the news as shares of FIFG got all the way up to $0.897/share (+433.93%) at the session high. This move could be an indication of things to come should this new partnership lead to greater things down the line.
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