Metavesco, Local Choice Spirits form JV as takeover bid fails (Pink Current Info:MVCO)

Metavesco (OTCPK:MVCO) on Monday reported the formation of a joint venture with Local Choice Spirits to launch a new limited-edition bourbon series at the Striped Pig Distillery. The partnership follows an initial Letter of Intent for an acquisition, but market conditions in the over-the-counter market have prompted a strategic shift toward this collaborative venture, Metavesco (OTCPK:MVCO) said. Metavesco (OTCPK:MVCO) down -4.06% to $0.06. Local Choice Spirits will provide licensing and distribution, enabling swift and efficient entry into key markets. “We’re excited to shift gears and explore this new partnership with Local Choice Spirits,” said Ryan Schadel, CEO of Metavesco (OTCPK:MVCO). Source: Press Release