SNM Global Holdings, Inc. SNMN – Special Report
We’ve got an item of special interest to present today, in SNMN, a well-diversified holding company. Among the company’s present interests, which we will highlight below, is a recent entry into the cannabis space.
Our regular readers are well aware of our affinity for the burgeoning marijuana markets as a whole, so any time we notice another company attempting to carve out a slice of the pie, we always take notice.
Less than a month ago, SNMN announced the launch of a new wholly-owned subsidiary, Cannabis Payment Solutions, to be involved in all aspects of the legal cannabis industry.
The company describes it as a complete payment ecosystem for the provision of a cashless payment option for the retail, commercial, and industrial sale of legal marijuana. Using a mobile payment app combined with point-of-sale hardware, customers can quickly complete cash-free purchases at cannabis dispensaries nationwide. The registration system is HIPAA, KYC, and AML compliant and will have the most advanced encryption to maintain account security and data integrity.
Also in the pipeline for SNMN are a number of other current projects, including a unique franchising opportunity with a themed bar/donut shop, and plans for a significant share reduction to tighten up the structure.
The company released an update on the donut shop yesterday:
SNMN announced the official acquisition of all franchise rights as well as a joint venture of corporate rights to Naughty Girls Donut Shop (NGD), which features crafted donuts, pastries, desserts, and wine with a 1940′s motif.
Naughty Girls Donut Shop will open in Sterling, Va. with plans to expand into Georgetown, DC and beyond. The company hopes to grow the concept into a national brand in the near future.
So what we have in SNMN is a company with multiple irons in the fire, both of which are of extreme interest to us, and not only that, but the chart is currently setting up for what could be a big run.
We’ve pointed out the key resistance areas on the chart, which as you can see is exhibiting the signs of a potential bottom-bouncer.
SNMN made an incredible run of more than 700% from late this summer until the end of last month, and we’re going to want to keep a close eye out for its next leg-up, which could come at any time.
Side Note: We had some really nice gainers in yesterday morning’s premarket report, which we’ll recap tomorrow morning. See you then!a