Holiday Island Holdings Inc (OTCMKTS: HIHI) announced some big news today. The company announced that its new Wellness Center is on track to be completed early. While this should have sent the stock toward the top, it seems as though the story simply hasn’t made it to the right eyes as the stock is finding its way downward. Of course, our partners at Trade Ideas were the first to alert us to the decline. Currently (9:30), HIHI is trading at $0.0031 per share after a loss of $0.0006 per share or 16.22% thus far today.
HIHI Announces That New Wellness Center Will Be Completed Early
As mentioned above, Holiday Island Holdings released some big news recently. The company announced that the new Holiday Island Wellness Center is on track to be completed early. In fact, it is expected that the center will be completed by the end of the year.
The new wellness center will offer wellness services, activities, and equipment and 24/7 fitness facilities in the Holiday Island Shopping Center. In previous announcements the opening date was planned on or before the end of the first quarter of 2018. So, the recent news means that the company is months ahead of schedule.
HIHI said in their press release that at the moment, dirt work is being finished in preparation for the foundation to be poured. Also, Sheila and Robert are meeting regularly with the Holiday Island Planning and Zoning Commission in order to assure local, state and federal compliance. Finally, contractors and subcontractors have been retained to facility construction on schedule. In a statement, Gene Thompson, CEO at HIHI, had the following to offer:
“We are pleased to make this announcement, as it significantly enhances the medical and health services to the community. And, as previously announced, this development makes our pursuit of he medical clinics even more meaningful to be able to dominate the local medical and health services.”
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on HIHI. In particular, we’re interested in following the ongoing construction at the new wellness center. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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