OTCPicks Featured Company: MM2 Group, Inc. (MMGP.OB) Closes on Sale
MM2 Group, Inc. (OTCBB: MMGP) recently announced that their wholly-owned subsidiary, Genotec Nutritionals, Inc., closed a sale for the manufacture of fish oil sofgels. Based out of New York, Genotec is a nutraceutical company that engages in sales from the distribution of their branded products, working through custom formulations for several large strategic partners. The manufacturing of the sofgels will take place in China at Genotec's joint venture partner's plant. It has been reported that the plant's capacity is currently at 1.5 billion capsules annually, with the ability to expand up to 5 billion sofgel capsules. The transaction is valued…