Critical Solutions (CSLI) Continues to Move Higher: Is It a Breakout?

When a company makes an announcement with regards to a key acquisition then it usually comes as a boost for the stock and that is what seemed to have happened with the Critical Solutions Inc (OTC: CSLI) stock on Monday.

The Critical Solutions stock soared by as high as 42% on Monday and much of that might have been related to an announcement from the company on March 25. At the time, the company announced that it completed the term sheet regarding acquiring a controlling stake in Rodedawg International Industries Inc.

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The acquisition could be an important one for the long-term health of Critical Solutions. It has been suggested that the company has already put in place a roadmap for the near future. It is believed that Critical Solutions is going to look for Rodedawg to be a part of a cannabis joint venture. It now remains to be seen if the stock can continue to add to its gains through the rest of the week.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life