LBIX is owed some compensation from HANS for breaking an exclusive rights contract. There were rumors that HANS would buy out LBIX because of this but we feel this is highly unlikely.
This stock should be trading in the 6.00 range and very possibly could take out their most recent highs. The stock price went as low as 1.80 and we've been buying on the wayd down. In a quick 3 days with the market dropping 450 points on one day LBIX was able to test the 3.00 resistance line by hitting 2.92. That resistance line should be smashed in the coming weeks as LBIX has just announced a deal with Kroger one of America's largest retail grocery stores.
Leading Brands, Inc. engages in the beverage bottling, distribution, sale, merchandising, brand development, brand licensing, and brand management of beverage and food products in North America. It bottles juices and beverages for co-pack customers, private label customers, and the company’s licensed and branded products. The company offers various juices, beverages, cocktails, water, food, and confectionary items. In addition, Leading Brands provides beverage packing services to beverage companies, as well as designs, develops, and formulates juices and beverages, principally for chain stores, to be sold under their private or controlled label programs. It sells and distributes its products through beverage distributors to retail, wholesale, and distribution outlets. The company was incorporated as 2060 Investments, Ltd. in February 1986 and changed its name to Camfrey Resources, Ltd. in May 1986. Further, Camfrey Resources changed its name to Brio Industries, Inc. in 1993 and to Leading Brands, Inc. in 1999. Leading Brands is based in Vancouver, Canada.