Business
Nilam Resources, Inc. Completes Fourth Acquisition
Nilam Resources, Inc. Completes Fourth Acquisition.
About this update from Nilam Resources, Inc.
[{"type":"text","content":"SNOHOMISH, WA / ACCESSWIRE / October 15, 2021 / Nilam Resources, Inc, (OTC PINK:NILA) $NILA Announces the Completion of its Fourth Acquisition of Supreme Mushrooms, Ltd. as part of its long-term strategy in the functional mushroom and healthy lifestyle space."The Company and team have been working very diligently over the last several months not only achieve Pink Current Status with the OTC Markets", commented Kim Halvorson, CEO of Nilam Resources, Inc. Today, we are announcing the completion of our fourth acquisition this year as our leadership continues to execute our business plan and objectives. We are pleased with the progress and have achieved to date and look forward to a healthy future for the Company, stated Kim Halvorson, CEO of Nilam Resources."The management team is confident in the new direction for the company by moving into the functional mushroom and healthy Lifestyle space by acquiring our fourth e-commerce and drop ship company in as many months. The Share Exchange Agreement executed this month acquires all the assets of Supreme Mushroom, Ltd., and its profitable ecommerce website in exchange for Common Shares in Nilam Resources, Inc. The current management team was retained as part of the transaction."We are pleased to be part of the Nila Hub portfolio of companies, joining forces with NILA allows us to grow our business seamlessly. It is only logical to leverage the specialized resources of other successful companies in the NILA portfolio. Stated Chris English, CEO of Supreme Mushrooms, Ltd. Vertical integration optimizes marketing, search engine and social media awareness, and access to staffing with acute knowledge of the functional mushroom sector. The space is changing and expanding daily so having a team of experts is all aspects of the vertical delivery model allows us to focus on our business and operations, further commented Chris English CEO of Supreme Mushrooms, Ltd.The Company's business strategy is simple; growth through consolidation, acquisitions and streamlining efficiencies. The functional mushroom space is an emerging growth sector within the health and wellness online e- commerce marketplace, the Company believes that to be a leader in this new space, we must focus on revenues and growth through acquisitions.Finally, the company would like to further announce the launch o...