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Tauriga Sciences Inc (OTCMKTS:TAUG) Stuck In A Narrow Range

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In the last trading session, the stock price of Tauriga Sciences Inc (OTCMKTS:TAUG) traded in a narrow range and closed flat at $0.00060. The traded share volume was 14.33 million compared to average share volume of 23.23 million. Tauriga market cap was noted at $$1.9 million. The stock has declined more than 90% so far in this year.

The highlights

More recently, the company reported that it has fully retired and repaid a $45,000 Face Value 8% convertible debenture owned by GS Capital Partners, LLC. This convertible debenture was issued by the firm on May 30, 2017. Now it has been fully closed for a one-time cash compensation of $61,664.79. Accordingly, this due has been eliminated from the firm’s balance sheet. Notable measures will be continually taken by the firm, in the coming period, to retire the outstanding tranches of its current convertible debt.

Seth M. Shaw, the CEO of Tauriga, expressed that the firm is working diligently to lower prospective future share dilution and is delighted to have re-compensated this convertible debenture for the one-time cash payment. The firm continues to consider that it is making substantial progress on a number of strategic measures, including the expected imminent release of its Cupuacu Butter lip balm item. In addition, management is working with extreme diligence to both strengthen and improve the firm’s balance sheet between now and the close of the year.

Tauriga Sciences is one of the firms that focuses on building life sciences company by concentrating its efforts on the development, commercialization, distribution and potential licensing of different products and technologies. As of now, it is increasingly focused on its imminent contemplated release of a much-awaited Cupacu Butter based lip balm branded as Herman. It considers that one of its most significant strengths is its associations with and access to potentially substantial distribution networks.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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