Priority Aviation, Inc. (OTC Pink: PJET) is engaged as a full-service aviation and cannabis company. Shares of the diversified company are surging 50%, through early trading on Thursday, October 12, 2017. Over the past month, Priority Aviation, Inc. has seen average daily volume of 3.49 million shares. However, volume of 124.23 million shares or dollar volume of $111,807, has already exchanged hands on the day.
Shares of Priority Aviation, Inc. are jumping today, after the company announced that it has entered into an agreement to acquire Telluride Health Company. The acquisition marks a major change for the company, which will leave the exit the private jet charter business. Telluride Health Company is a cannabis-based company that was founded by two young entrepreneurs. Here is the full press release detailing of the acquisition agreement:
Priority Aviation, Inc. Press Release:
NEW YORK, October 12, 2017 /PRNewswire/ –Priority Aviation, Inc. (OTC PINK: PJET) today announced the acquisition of Telluride Health Company. The acquisition marks a strategic directional change for the Company. In conjunction with the acquisition of Telluride Health Company, Priority Aviation is exiting the private jet charter service industry with the disposition of its subsidiary Priority One Jets, Inc. Yasmine Acebo, a Telluride Health Company Founder, comes on board as the new Priority Aviation Chief Executive Officer replacing Peter Minikes who resigned as CEO and board member. Mr. Minikes exercised his option under his employment agreement to acquire Priority One Jets. Replacing Mr. Minikes on the board of directors is Ms. Acebo and Randell Torno.
Telluride Health Company’s is founded by young cannabis entrepreneurs that have identified an untapped sector of the market. Telluride Health Company imminently anticipates announcing its first unique product for this untapped sector of the overall cannabis market. The Company plans on updating its corporate name to Telluride Health Company to reflect the strategic direction change announced today.
Look for more information on the company’s new direction as Telluride Health Company coming soon.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. These forward-looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company’s actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.