American Diversified Holdings Corp (OTCMKTS: ADHC) is up big after the Company announced it plans to divest all of its operating business in anticipation of a comprehensive transition of all company operations to a new business with a major CBD concern. Agreements have been reached for a new CEO, a New Advisory Board and a new operating business. Additionally, ADHC management has been advised by litigation counsel that a judicial order cancelling 325 mm shares of common stock is expected imminently.
The global CBD pet market size was estimated at USD 195.98 million in 2022 and is expected to grow at a lucrative compound annual growth rate (CAGR) of 31.8% from 2023 to 2030 at which time the market is estimated to be worth $2 billion. Currently trading at just a $2 million total valuation ADHC is sitting right over 52-week lows. The stock has a storied history on the bulletin boards and was a legendary runner back in 2021 running over $0.03 on 2 different occasions. Also, in 2022 ADHC ran over half a penny twice. We will be updating on ADHC when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.
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The Company was incorporated in the state of Nevada on March 21, 2001, as Lasik America, Inc. and on October 26, 2004, the Company changed its name to Critical Care, Inc. to reflect a change in the Company’s focus of activities. On March 10, 2007, The Company’s name was changed to American Diversified Holdings Corporation to reflect of the business focus to a consulting and business development company.
On March 20 ADHC announced its January 31, 2023, quarterly financials were filed, agreements reached to divest of all operations for new CEO, New board and new business with a major CBD concern.
American Diversified Holdings Corporation (OTC: ADHC) announced today that the Company has filed its quarterly financials ending in 1-31-23. The filing can be found at otcmarkets under the ticker symbol “ADHC”. Additionally plans to divest all operating business have been initiated in anticipation of a comprehensive transition of all company operations.
Agreements have been reached for a new CEO, a New Advisory Board and a new operating business. Additionally, ADHC management has been advised by litigation counsel that a judicial order cancelling 325 mm shares of common stock is expected imminently.
Parties have agreed to refrain from publicizing any details of these agreements until formal execution has taken place. It is anticipated that all developments should be consummated in April 2023.
ADHC has filed suit in The Eight Judicial Circuit Court, Clark County, Nevada case, Number A-21-843-670, seeking the cancellation of 325,000,000 (325 MM) shares of common stock. On January 6, 2023, the court granted the motion for default and will be issuing the formal order soon.
Incredible growth projections in the cbd sector
— ADHC MANAGEMENT $ADHC (@ADHCMANAGEMENT) March 20, 2023
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The signed court order granting default judgment is the final legal step before all litigation is resolved.
Currently, ADHC capitalization structure is as follows:
Shares Outstanding: 1.1 billion
Shares Restricted: 600 million
Shares in the Float: 504 million
GLOBAL CBD PET INDUSTRY OVERVIEW:
GLOBAL CBD PET MARKET: $198MM 2022; $248MM 2023; $2 BILLION 2030
ANNUAL GROWTH RATE: 31.8 % COMPOUNDED ANNUAL GROWTH RATE
E-COMMERCE SEGMENT: 42% OF REVENUES
INDICATION: JOINT PAIN, ANXIETY/STRESS, EPILEPSY, GENERAL HEALTH AND WELLNESS
see https://www.grandviewresearch.com/industry-analysis/cannabidiol-pet-market
The global CBD pet market size was estimated at USD 195.98 million in 2022 and is expected to grow at a lucrative compound annual growth rate (CAGR) of 31.8% from 2023 to 2030. The market is primarily driven by factors such as rising R&D initiatives, increasing demand, pet humanization, and expenditure. The complexity and uncertainty around regulations, however, is a key restraining factor for the cannabidiol (CBD) pet market. Many CBD companies are thus pursuing certification from veterinary organizations or trusted animal-welfare groups [such as the National Animal Supplement Council (NASC)] to help differentiate their products and assure customers of product quality.
$ADHC~ AMERICAN DIVERSIFIED HOLDINGS CORP (OTC: ADHC) REACHES AGREEMENT FOR COMPREHENSIVE TRANSITION OF ALL BUSINESS OPERATIONS@JusticeleagueDD @JJTrader4 @DACE0325 @MoMoBagholder https://t.co/fmdUDjsWZk
— TDogzz 🇺🇲🌴 (@jctb1) March 21, 2023
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Currently trading at a $2.2 million market valuation ADHC os is 1.1 billion with 504 million shares in the float. The Company has a strong balance sheet with no convertible debt on the books and the liabilities that are on the books are funds owed to management. ADHC is an exciting story developing in small caps; back in 2021 the stock was a legendary mover, running over $0.03 on 2 different occasions. Trading right over its 52-week lows, ADHC is up big after the Company announced it plans to divest all of its operating business in anticipation of a comprehensive transition of all company operations to a new business with a major CBD concern. Agreements have been reached for a new CEO, a New Advisory Board and a new operating business. Additionally, ADHC management has been advised by litigation counsel that a judicial order cancelling 325 mm shares of common stock is expected imminently. We will be updating on ADHC when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.
Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!
Disclosure: we hold no position in ADHC either long or short and we have not been compensated for this article.
