|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.2610 - 0.2799|
|52 Week Range||0.2150 - 0.4600|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
1933 Industries Inc (OTC: TGIFF) has partnered with Jack Herer to distribute the brand’s products and iconic strain across Nevada. “We are extremely excited about what this new partnership means for the Nevada cannabis market," 1933 Industries CEO Chris Rebentisch told Bezinga.
1933 Industries Inc. (CNSX:TGIF) shareholders might be concerned after seeing the share price drop 20% in the last...
Cannabis company 1933 Industries Inc. (OTC: TGIFF) announced Friday that it has obtained both Clark County and Nevada Department of Taxation final approvals for transferring its cultivation licenses to a new facility in Las Vegas. "We will start acclimatizing the plants in the new rooms and ensure that all life-support systems, such as temperature, irrigation, light and humidity controls are functioning as designed," Tim Spencer, the company's director of cultivation, said in a statement. Benzinga's Cannabis Capital Conference heads to Detroit on Aug. 15 — click here to learn more!
1933 Industries posted a loss of CA$7.2 million for the quarter ending April 30. 1933 Industries is pleased overall with its growth compared to the second quarter of 2019, CEO Chris Rebentisch said in a statement.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
Industry participants believe the cannabis segment will become a $500 billion industry. For now, it is a fraction of that potential. There have been some companies that have seen significant movements in their stock prices. What I wanted to do is point out some lesser-known stocks that still have the potential for large movements in their stocks. These stocks have lower volumes and are prone to bigger swings as these companies ramp up production. If an investor could stomach a wild ride there may be long-term potential with these companies.1933 Industries1933 Industries (TGIFF) is a Canadian company whose market capitalization is just under $100 million. They are taking steps almost daily to grow their business including getting involved in Canadian adult-use cannabis sales. Currently, the company operates in Nevada with retail and grow operations (although they have a presence in other states such as California and Colorado). This company has potential as they are just on the cusp of profitability with their increasing revenue and their declining rate of net losses. And, their stock is just starting to pick back up after its selloff from initial euphoria:If you want a detailed look at the company’s growth they have a large flow chart of their progression to date. I am still waiting to hear back from the company regarding their total production capabilities. But, if you scan through the flow chart they provide my best guess is close to 50,000 kg of cannabis annually. This puts the company at a potential valuation based on their production possibility and revenue potential. I’m looking at a bigger picture with this company and think they have the ability to accelerate their earnings in short order.Invictus MDInvictus MD (IVITF) is about to up-list on the NASDAQ and that is good news for the stock. The increased exposure on more mainstream markets will bring in higher volumes and tighter spreads reducing investor risk. But, the real draw for me was the fact that within 18 months the company will be producing some 50,000 kg of cannabis annually. With that kind of potential, this company could be nearly $1 billion valuation in about 20 months’ time as the company ramps up production. However, the company’s current valuation is still below $100 million giving the potential of a 10-times price movement.Given these two variables, I like this company a great deal. Also, their stock price is at a basic price of $0.74 per share allowing for ownership of large numbers. I will be constantly monitoring the company as I look for new information on what is next for this company:AgraFloraFrom what I can tell, AgraFlora (PUFXF) is a perfect example of a company who’s stock is mis-priced. First, the company has teamed up with a long-term tomato grower that has many years of experience with indoor growing facilities, HVAC, and controlled indoor grow environments for vegetables. There is not a tremendous amount of difference in the grow process of one plant versus another. So, the company’s partner may be the best yet in the industry. AgraFlora will have 250,000 kg annual production facility up and running very shortly. Plus, the partnership they have will ensure viability with getting their business up and running as they switch from tomatoes to cannabis.With 250,000 kg. of cannabis production capability, that could eventually value the company at $5 billion. They are currently valued at under $100 million. Their stock has been pushed downward but that may be a factor of the low volumes for the stock. But, long-term, I see a tremendous amount of potential; this stock may become my favorite for a while:Check out the articles in this category focused on cannabis stocks. By gaining a strong foundation in both the fundamentals and technical details usually involved in cannabis stocks, you’ll be able to invest with greater confidence. Author’s Disclosure: I have no positions on these stocks at this time nor will be placing trades on these stocks in the next 72 hours. More recent articles from Smarter Analyst: * Lyft (LYFT) Faces the Public; Should You Buy the Stock? * Is Microsoft (MSFT) Stock Still a Strong Pick for Growth? * This Undexpected Apple (AAPL) Announcement Justifies the Potential of Services Revenue * Think Twice Before You Buy Tesla (TSLA) Stock, Analyst Says
Weekend Unlimited (CSE: POT) (CSE: POT.CN) (OTCQB: WKULF) has inked a letter of intent with PPK LLC to acquire vertically-integrated operations in Wilburton, Oklahoma. "We have strategically targeted Oklahoma, the state has moved faster than any other state in embracing the industry, and we see the business-friendly market translating into a consumer-friendly environment where the […]The post Cannabis Stock News Daily Roundup February 26 appeared first on Market Exclusive.