24/7 Market News Snapshot 01 Jul 2024 – Cosmos Holdings Inc. Common Stock (NASDAQ: COSM)

July 1, 2024 10:47

Press Release

DENVER, Colo., 01 July, 2024 (247marketnews.com) – (Nasdaq:COSM) are discussed in this article.
Cosmos Holdings Inc. (COSM) experienced a notable surge today, opening at $0.92 and currently trading at $1.270, reflecting a substantial 22.50% increase from the market open. This positive price movement surpasses the stock’s previous session close price of $1.040 and is accompanied by a high trading volume of 10.8 million shares. Technical analysis indicates a potential uptrend for COSM, prompting investors to monitor closely for further price appreciation amidst market volatility.

In a strategic development, Cosmos Health Inc., a global healthcare group, announced a pivotal distribution agreement with ZENDON s.r.o. (“Zendon”) to distribute its Sky Premium Life nutraceutical products across several countries in Central and Eastern Europe. Under this agreement, Zendon will manage critical functions such as regulatory affairs, sales, marketing, and logistics for Sky Premium Life products in Slovakia, Hungary, Poland, and the Czech Republic. By leveraging partnerships with prominent pharmacy and retail chains in the region, including Dr. Max, Teta Drogerie, and Rossmann, Zendon aims to enhance consumer access to Cosmos Health’s products.

CEO Greg Siokas expressed enthusiasm for the collaboration, underscoring Cosmos Health’s commitment to expanding market reach and brand recognition in Central and Eastern Europe. The partnership with Zendon signifies a strategic move for Cosmos Health to capitalize on opportunities in these lucrative markets. Cosmos Health, a Nasdaq-listed company with a diversified portfolio of pharmaceutical and nutraceutical brands, emphasizes R&D collaborations to drive innovation and address prevalent health conditions on a global scale.

For more information about Cosmos Health Inc. and its distribution agreement with Zendon, please refer to the company’s official website and stay informed about their advancements in the healthcare industry. Investors are encouraged to review the company’s SEC filings for comprehensive risk factors associated with forward-looking statements. For investor relations inquiries, please contact BDG Communications at cosm@bdgcommunications.com or +44 207 0971 653.

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