Canadian soap company spikes 164% this week as sanitizer demand soars - Business Insider

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Canadian soap company spikes 164% this week as demand for hand sanitizer soars amid COVID-19 pandemic

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.A Canadian soap company soared 164% this week after the company reported earnings that showed increased demand for its soap and hand sanitizer products amid the COVID-19 pandemic.

Acasta Enterprises was originally a SPAC, or "blank check" company that acquired Apollo Health & Beauty Care in 2016.One company that's clearly benefiting from the COVID-19 pandemic is Acasta Enterprises, a Canadian company that sells soap and hand sanitizer.on Tuesday, and since then its stock has rocketed, jumping 164% so far this week to $1.85.

Acasta was originally a SPAC, or "blank check" company, that was focused on making an acquisition after raising money from investors. In 2016,Read more:The company sells its products in well-known retailers like Walmart and CVS.

 

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