SK3 Group, Inc. SKTO
SKTO dropped news regarding the acquisition of a cannabis-related company, sending the stock on a ride yesterday of over 480%
According to the release, SKTO added a significant amount to its bottom line, as the acquisition target is a company with more than 12M dollars in licensing agreements.
With this new development, SKTO has effectively placed itself in the list of marijuana stocks that we’ve been monitoring for several months. We have been essentially scanning the entire sector continuously during that time, which has yielded us some sizable profits so far.
In case you might have missed a few here and there, this is a rundown of every single cannabis stock we’ve looked at recently: PHOT, MJNA, CBIS, RFMK, ERBB, GRNH, MDBX, MWIP, TRTC, EXMT, EDXC. In addition to STKO, here are some other new stocks in the field that have caught our attention: FSPM, NRBT, GTLA, GWPRF, HESG, PARS, SRER, SFIO, NVLX.
MIAMI, FL, Mar 11, 2013 (MARKETWIRE via COMTEX) — SK3 Group, Inc. (OTC Pink: SKTO) today announces that it has acquired Medical Greens (TM) and has changed its business model to focus purely in the medical marijuana space. Medical Greens (TM) currently provides licensing, management, and logistic services for Medical Marijuana collectives throughout California. In 2013 alone, Medical Greens (TM) has already contracted over $12.5 Million in licensing and service agreements.
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IC Punch Media, Inc. PNCH
PNCH (formerly ICPA) has been a focus of ours a few times on the years past, and has brought us huge percentage gains. The first run we ever observed from this play took it from triple-zero country all the way up over a nickel, so we are well aware of its track record for explosive gains.
Yesterday PNCH once again triggered our scanners as it broke a key resistance point at .005, an area on the chart that it has been struggling to surpass since November. Up until that time, .005 had acted as support, and we’ve been waiting for a move back above it, and now that it has, we’d like to see that once again become the support level for the stock.
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Extended Watchlist:
FRTD, MDIN, CLNO, PPHM, GNIN, CLSN, ECTE, GLUU