Pazoo, Inc. PZOO
For those of our subscribers who may have missed our after hours highlight of PZOO‘s post-market PR yesterday, it alluded to the signing of Pazoo subsidiary CannabisKing’s second distribution deal in as many weeks. The company has obtained the rights to distribute Grow Pure Systems™ full product line >> VIEW PR We had also tagged the stock in our premarket extended watchlist as a bottom-watch play, and it did make a solid 14% intraday move from .0057-.0065.
We’ve already seen PZOO make a couple of more serious swings from the subpenny range to .015 or better back in April and May, so we’re well aware of its ability to make rapid gains. It is being demonstrated once again this morning, as PZOO shot to a high of .0099, running into resistance just shy of the 50DMA (.01); that’s a two-session swing of 74% over yesterday’s low!
That combined with three significant news releases over the past 24 hours, puts our focus squarely on PZOO as we wrap up another trading week, and will surely make it a point of interest heading into next week as well.
Late-breaking news from PZOO this morning just hit the wires and it outlines a third distribution agreement for its CannabisKing subsidiary, which is increasing its portfolio at an impressive rate:
WHIPPANY, N.J., July 10, 2015 /PRNewswire/ — Pazoo, Inc. (OTC Pinks:PZOO) (German WKN#: A1J3DK), 100% wholly owned subsidiary CannabisKing Distribution, LLC, has signed a deal with MJPayment, LLC, to sell their Banking Solution Services throughout the region where Pazoo labs are being opened. MJPayment has developed an innovative and powerful payment and banking suite as well as an industry first bank compliance solution for the legal marijuana industry. >> FULL PR