The Vystar Corp. (OTCMKTS: VYST) stock has emerged as one of the major movers in February so far. Over the course of the month so far, the stock has gained as much as 100% and it was possibly triggered by development from earlier on in February.
Back on February 3, the company announced that it chose Corrie MacColl Limited to serve as the exclusive global partner. Corrie MacColl, which is a subsidiary of well known global supply chain manager for natural rubber Halycon Agri, will take care of product market development and also market the patented deproteinized latex product Vytex. The agreement between the two parties, which is supposed to last three years, went into effect straight away.
The agreement is going to be auto-renewed every year unless it is terminated by either of the two parties involved. It is a key development for Vystar and the excitement among investors regarding the agreement is understandable.