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DEWM is a stock that we want to add to our radar as we kick off another trading week. Apart from recently gaining a steam, the stock gapped up on Friday, and followed that with a classic dip-and-rip.There are a couple of interesting aspects with regard to DEWM’s business; in a recent interview, CEO Marco Moran announced Dewmar’s interest in pursuing the industrial hemp and medical marijuana market. We know from recent experience that even the suggestion of entry into this new and hot sector can produce significant gains.
Additionally, the flagsghip product of DEWM’s current business is being offered in over 20 Walmart locations, and the company has the intent to expand thart number as much as possible in 2014. That makes DEWM one story that we are definitely going to want to follow moving forward.
- Dewmar International CEO Appears on Radio Program to Announce Company Growth and Objectives (Thu, Feb 6)
- Dewmar International BMC, Inc. Announces 2014 Growth Plans — Strengthens Market Position With Flagship Product (Wed, Feb 5)
- Dewmar International BMC, Inc. Announces Product Placement Store Listing in the World’s Largest Retailer (Mon, Jan 13)
The current chart on DEWM looks pretty ripe as well with a possible upcoming Golden Cross in the making:
From this morning’s PR scan:
FastFunds Financial, Inc. FFFC
This is another cannabis play that we’ll be watching today on the heels of the following PR:
- FastFunds Financial Corporation Subsidiary Cannabis Angel and Colorado Cannabis Business Solutions Announce Agreement (Mon 8:00AM EST)
Frozen Food Gift Group, Inc. FROZ
FROZ has some potential merger news out this morning that you might also want to take a look at:
Creative Edge Nutrition, Inc. FITX
In addition to ramping up on Friday, and looking like it wants to gap up this morning, FITX came with an intriguing PR today that we had to pass along:
MADISON HEIGHTS, MI / ACCESSWIRE / February 10, 2014 / Creative Edge Nutrition, Inc. (FITX), is proud to announce that it has accelerated its construction and build-out plans for what will become the world’s largest and most advanced legal cannabis production facility.
Bill Chaaban stated “it is important for our company to receive its license from Health Canada as soon as possible. To fulfill this goal, we have redesigned the layout of our standing 27,000 square foot building to become a self-sustained complete operational production facility. It will have all of the state of the art technologies implemented into the design of our larger facility. This building will be completely compliant with our obligations as promised to Health Canada.
While we retrofit the existing building we will continue the build-out of our 53,000 square foot facility. We have implemented cGMP and USP 797 design and work flow models into the design and build-out of our buildings. Security fencing will begin to be installed in the next two weeks. We have decided to fence the complete 10.3 acre site to facilitate and accommodate the eventual build-out of the entire property. We will be posting pictures and videos throughout the build-out process to keep shareholders informed of our progress.”
From Friday’s Extended Watchlist
The following plays off of our Extended Watchlist made some notable, albeit modest moves during Friday’s session:
Sunesis Pharmaceuticals, Inc. SNSS
Daily Range: 4.41-5.08 Max Gain: 15%
GT Advanced Technologies, Inc. GTAT
Daily Range: 9.90-10.76 Max Gain: 9%
WPCS International, Inc. WPCS
Daily Range: 1.60-1.85 Max Gain: 16%
Extended Watchlist:
KNDI, EXMT, VAPR, ORFG, PLUG, ZNGA, DGAZ, AZC, BLDP