Why Did ZA Group Inc (OTCMKTS:ZAAG) Stock Fall 50% On Tuesday?

ZA Group Inc (OTCMKTS:ZAAG) is a company specializing in emerging industry acquisitions. The emphasis will be on direct-to-consumer apparel as well as manufacturing self-sustainable farms. The goal of the group is to take brands to take level either for owning or licensing. Presently, the firm owns 100% of Forever brands as well as 60% of E-Roots Manufacturing Inc for manufacturing self-sustaining vertically integrated farms.

Trading Data

On Tuesday, ZAAG stock slumped 17% to $0.0003 with 161.01 million shares, compared to its average volume of 74.35 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trade at $0.0003.

Forever Brands Signs Manufacturing Agreement with Imbibe Wellness Solutions, LLC

Forever Brands has signed a manufacturing agreement with Imbibe Wellness Solutions LLC, a wholly owned subsidiary of Can B Corp for the production of new Plant-Based Super Food, Longevity by Brooke Burke Body TM.

Can B develop consumer products at the State-of-the-Art-Research & Development facility in Lacey. The firm develops, produces, and tests all products under the highest industry standards. The company issues Certificates of Analysis for all products.

Jeffrey M. Canouse, Chief Executive Officer of Forever Brands said that it is a significant milestone in the plan to launch Longevity on schedule. Canouse added that securing a manufacturer with Can B’s capability will enable us to be on track for launch in September. Furthermore, the CEO said that since the team’s visit to Can B’s factory, the company has been fine-tuning the formula, packaging, and logo. As per Canouse, anyone following Forever Brands on Facebook or Instagram can get a glimpse of Longevity.

Lastly, the CEO opined that the company is gearing up for a media launch and some teasers may already be out. Forever Brands, a Brand Development and Business accelerator company, focuses on select consumer good segments which are underserved and provide growth opportunities.

Key Quote

“This is a major milestone in our plan for launching Longevity on schedule. Securing a manufacturer with Can B’s capability will ensure that we are on track to launch in September. Ever since our team visited Can B’s factory in May, we have been fine-tuning our formula, packaging, logo’s and add on’s like our on-the-go shakers. Anyone following Forever Brands on Instagram, Facebook, or even Brooke’s own TikTok videos, you may have caught a glimpse of Longevity – this is a very exciting time for Forever”, stated Jeffrey M. Canouse, Chief Executive Officer of Forever Brands.

Forever Brands Signs with Rebel Interactive

Forever Brands on June 16, 2022, signed with Rebel Interactive Group for heading the social media, digital brand marketing, advertising as well as content creation campaigns for the Plant Based Super Food brand – Longevity by Brooke Burke Body.

The firm is planning an aggressive online subscription marketing campaign through social, digital, and OTT for launching the product in early September.

It is estimated that the global superfoods market size was about USD 137.0 billion in 2018. It is expected to grow by CAGR of 5.9% through 2025. Rebel is bringing novel expertise to an enormous range of industries including automotive, financial services, retail, high-tech, commercial products, and media and entertainment. Rebel’s team of experts have worked with global companies and brands for developing business strategies and innovative solutions. Extra information on Rebel and clients including DeLoitte, L’Oreal, and Bank of America can be found online.

Jeffrey M. Canouse, Chief Executive Officer of Forever Brands said that the addition of Rebel Interactive demonstrates brand building and marketing components of the company’s subscription-based product launch. He added that the background and market insight will facilitate delivering a robust launch of Plant-Based Super Food. Lastly, the CEO hopes that people join in for ramping up milestones throughout the summer months.

Technical Data

ZAAG stock is trading below the 20-Day and 50-Day Moving averages of $0.0003 and $0.0003 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0019. The company has a total market capitalization of $0.400K. The stock is down 33% over the past month.