It is also likely that the cannabis issue will be thrust even further into the spotlight as it has the potential to take a significant role in the 2016 presidential elections.
We’ll be sure to follow along as we’ve been doing, all the while keeping our eyes open for potential plays in the space. We’ve got a couple popping up on the radar this morning.
ENDEXX Corp. EDXC
We’re taking notice of EDXC, whose recently acquired business has been presenting at the High Times Cannabis Cup in Denver which was in full swing over the weekend, and runs through the end of today.
The stock is coming off of a recent bottom and has been holding above its 50DMA since the end of March when the company’s acquisition of CBD Health Solutions was announced.
We’ll have this one on watch as the chart and the company’s activities both seem to have potential.
CAVE CREEK, AZ–(Marketwired – Apr 20, 2015) – Endexx Corporation’s (OTC PINK: EDXC) newly acquired subsidiary CBD Health Solutions LLC., has a booth in tent S4 at the annual Cannabis Cup in Denver, CO, through April 20th. Early reports are showing excellent reviews of the sample products and sales have been generated. The CBD Health Solutions’ team has been canvassing multiple markets over the past 90 days and sales contracts are growing on a weekly basis. >> FULL PR
FutureWorld Corp. FWDG
FWDG is another cannabis-related play that caught our eye this morning.
The company released a PR announcing an upcoming share dividend (Link below); since it isn’t uncommon to see stocks make a run into dividend dates, we’re going to monitor FWDG in the time between now and April 30th.
Chartwise, we’d like to see the stock get back above the 50DMA (.004). There’s a gap to the downside between .0024-.0028, so the possibility that it come come down to fill that gap before we see a rebound is certainly possible.
- FutureWorld (FWDG) Delivers Dividend on Subsidiary HempTech Corp (Mon 8:00AM EDT)
Then again from December ’14 to January of this year, the stock ran big in a range from .006-.0353, yielding potential gains in the neighborhood of 485%
The company released some very exciting news this morning pertaining to the purchase of a recreational marijuana facility in Colorado, so we’ll want to keep a close eye on this play as well into the foreseeable future.
- Easton Pharmaceuticals Announces a Signed Agreement With Colorado Product Services, LLC and Cultiv8, LLC Towards the Purchase of a Recreational Marijuana Dispensary, Cultivation Facility and Lab in Carbondale, Colorado (Mon 8:30AM EDT)
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