Hangover Joe’s Holding Corp (OTCMKTS:HJOE) reported that the company completed first production run of latest hangover recovery shot method for Cure Korea. Following the success, the company has started with the shipment process of shots to South Korea. Cure Korea, the distributor team understands the market well and have a successful track record in Korea.
The accomplishment
It is a significant achievement for Hangover as it has been working on the product for more than a year. The product had to pass the process of MFDS, which can be better termed as Korean form of the U.S. FDA. The people of Korea can now get access to hangover recovery shot to get relief from hangover.
It is worth mentioning that South Korea comes in the list of leading nations known for higher alcohol consumption. Hangover reported that Cure Korea has already offered the hangover recovery shot to big box stores, grocery stores and convenience store chains all over the nation.
The market
In South Korea, drinks can serve as a pressure valve, permitting people to release frustrations. At the same time, it acts as a lubricant, supporting the wheels of business. Hangover recovery shots will prove to be advantageous for both people and businesses.
The shots will act as hangover recovery medication for South Koreans every morning. The stringent social protocols of South Korea appear to dissolve in alcohol. Drinking is considered as a big part of people’s lives in Korea.
The resources
Hangover Joe’s Holding Corp (OTCMKTS:HJOE) management said that they have a well structured product and delivery system. The marketing of the product in six packs is a part of this strategy. Shawn Adamson, the Co-founder said that it is the beginning of a huge business in Asia.
On the back of news, the stock price of Hangover opened Monday’s trading sessions with gain of over 14% and it is still gaining momentum after increasing 5% in current trading session.
