Why La Rosa Holdings Shares Are Skyrocketing Today
Portfolio Pulse from Nabaparna Bhattacharya
La Rosa Holdings Corp. (NASDAQ:LRHC) shares surged 140% after announcing the acquisition of a 100% interest in the La Rosa Realty Winter Garden franchise, which achieved $1.4 million in revenue and positive cash flow. The company is executing a de-franchising strategy, aiming for an annualized revenue run rate of $100 million by the end of 2024 and profitability by the beginning of 2025. This move is part of a broader plan that includes acquiring additional franchisees and two ancillary services companies.
February 22, 2024 | 4:44 pm
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La Rosa Holdings Corp. shares jumped 140% following the announcement of acquiring La Rosa Realty Winter Garden franchise, aiming for significant revenue growth and profitability by 2025.
The sharp increase in LRHC's share price can be attributed to the positive market reaction to its strategic acquisition, which is expected to significantly boost its revenue and profitability in the near term. The acquisition aligns with the company's de-franchising strategy and growth plans, making it highly relevant and important news for investors.
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