A company with a market cap around just $3 million made a pretty big announcement this morning, and the rally that followed confirmed the change in sentiment. Creative Learning Corp (OTCQB:CLCN) announced the brand’s expansion into the Caribbean with the recent sale of a master franchise license for 13 Caribbean Islands.
Creative Learning is engaged in educational and training activities. It offers educational and enrichment programs to children aged 3 to 13 through its franchisees. The company, through its subsidiary, offers a franchise concept known as Bricks 4 Kidz, a mobile business operated by franchisees within a specific geographic territory offering project-based programs designed to teach principles and methods of engineering to children.
Traders were bullish on the new expansion as shares quickly traded up to $0.22/share (+15.79%) at the session high. This move is a strong breakout from the downtrend the stock has been in for the last few months.
