$SILO on discount, new UK distribution deal $SILO.CN is down 14% today meaning that it is on discount at only @$0.09
I've tried to do a little research on why this might be. I think that one reason is that being as cheap as it is, it only takes a 0.01 increase or decrease in the stock to change its relative value. On the bright side, this works both ways.
Internally it does not seem like anything has happened within the Silo Wellness company ( $SILO / $SILFF ) to cause this dip today.
In fact, they have actually had some very positive news lately, as last wee they just announced a nationwide distribution partnership with Essex-based U.K. brand distributor LocoSoco Group Plc.
Silo Wellness’ Marley One branded mushroom products will be distributed by LocoSoco throughout the UK to independent retailers, buying groups, health food stores and online retailers and influencers and their e-commerce affiliates
Overall, I'd say they are doing well as a company and now may be a great time to invest while it is at this low price
full news release
https://www.globenewswire.com/news-release/2021/08/05/2275308/0/en/Silo-Wellness-Brings-Marley-One-Mushrooms-to-the-U-K-Market-through-Distribution-Agreement-with-LocoSoco-Limited.html