The Bubs Australia Ltd (ASX: BUB) share price went bananas today, rising another 14%.
Bubs was founded in 2006 by Kristy Carr and was listed on the ASX in January 2017. Its infant formula is based on goat milk and it also sells organic baby food. Bubs recently acquired NuLac Foods, Australia’s largest producer of goat milk products, it also guarantees exclusive supply of local goat milk from Australia’s largest herd of milking goats.
The Bubs Share Price Keeps Going Up
The Bubs share price has gone up 27% over the past week, making it one of the best performing ASX shares.
A large amount of the gains can be attributed to the announcement that the goat milk based infant formula business made last week.
As a reminder, Bubs revealed that it was setting up a strategic partnership with Chemist Warehouse where the pharmacy business would sell Bubs products on its shelves, its online store and on Tmall. Bubs would pay a marketing fee. Chemist Warehouse would then use that fee to buy Bubs shares.
It’s an exciting arrangement and I can see why investors are interested in Bubs, although the ASX shares revealed for free in the report below.
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