It been quite a long while since we last took a look at US Highland, Inc. (OTCMKTS:UHLN), a company based out of Atlanta which is in the business of franchise development. In a new PR out today, the company updated the public on its plans going forward, for entry into a high potential market space.
In addition to the goings-on at the company, we have also taken note of UHLN due to the conditions of the chart, and the solid run it has made from last week to this week, which has it on the brink of surpassing the penny per share mark, and heading out of sub-penny territory. Those, compounded with having just gotten its quarterly filings up to date, are the reasons for our spark of interest in UHLN.
Regarding its announcement, US Highland, Inc. (OTCMKTS:UHLN) just revealed that exciting new acquisitions have been targeted and negotiations have begun to ascertain value, risk. Additionally, US Highland has formalized its new name and will file a Corporate Action with FINRA to change its ticker symbol commemorating the new direction of the Company. US Highland “Platform” acquisition is constantly seeking acquisition targets to “add on” or complement the Company’s direction. The company’s management is highly experienced at business integration and re-branding.
“The speed at which an acquisition can be re-branded is the true test of a Merger & Acquisition play. A vast number of potential targets exist for UHLN to acquire. Many investment disciplines go in to acquiring the right businesses with like-minded owners and managers,” said Mr. Dickinson.
Currently expanding across the Southeast and headquartered in Atlanta GA, UHLN’s new brands are focused in the fast-casual restaurant space, offering consumers a healthy diverse menu made with fresh organic ingredients every day. These brands will offer a diversity of menu items, from flatbread sandwiches, bowls, wraps, salads, and fresh proteins such as chicken, turkey, steak and falafel.
This acquisition marks UHLN’s first move into the $750 billion U.S. restaurant industry, putting them on the forefront of a fundamental shift, toward healthier eating, in consumer behavior that is here to stay.
“We are excited as we continue to move forward. The new acquisition fit nicely into our portfolio,” said Everett M. Dickson, CEO of UHLN. “Continuing to add assets, while simultaneously reducing the leverage on the balance sheet, is our primary goal. We believe this is our best path to adding to shareholder value.” (Source: Globe Newswire)
According to the Organic Trade Association, Organic is the fastest growing sector of the U.S. food industry. Organic food sales have been increasing by double digits annually, outpacing the growth rate for the overall food industry by a wide margin. It has also been noted that the country’s estimated 75M millennials (ages 18-34) and their families are consuming the most organic food out of any other age demographic.
We believe that as those millenials age and their spending power increases, not to mention their children, raised on organic, coming of age- the growth in the organic food business should only continue to skyrocket in years to come. That’s why a ground-floor business just entering the space is an interesting find for us, and one that we’ll want to keep an eye on moving forward. We’ll stay up on any further developments with UHLN and pass them along to you! Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free smallcap newsletter. It’s as easy as that! Simply submit your primary active email address in the box below. Subscribe now!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in UHLN stock, short or long.