Wattle Health share price was at $2.80 while everyone was expecting the SAMR/ CFDA approval ....That was many many many month ago...
While we are patiently waiting for the SAMR/CFDA approval....CR happenend because WHA is entering a joint venture with Organic Dairy Farmers of Australia (ODFA) in April, and the share price went down to as low as $0.89.
Many many month ago when we are all waiting for the SAMR approval, non of the following deal was made:
- WHA signed a minimum supply term agreement with International Supplies and Distribution Company Pty Ltd amounting to revenue of more than $100 million over 42 months
- WHA appointed leading e-commerce provider, Quality Brands International Direct, to provide access to major export markets
- WHA signed a minimum supply agreement with Chinese State-Owned Enterprise, Shandong Weihai Port International Trade Co. Ltd., amounting to revenue of $34 million over 36 months
- WHA received approval for general trade in China for its 1 kilogram retail bag of Pure Australian Grass Fed Milk Powder product.
Now the CR was successful, Wattle now controls around 75% of all fresh organic milk supply in Australia, which Wattle says enables it to become a ‘true Australian organic’ nutritional dairy company.
After all that happenend , I just feel that WHA will reach $3 very soon!!!
WHA Price at posting:
$1.57 Sentiment: Buy Disclosure: Held