Special Report: The Graystone Company GYST
The focus of this special report to kick off the holiday-shortened week is GYST, which is a company with active operations in both the mining and cannabis industries. As our regular readers can attest, those are two market spaces that we have been very fond of in the past, but to find one company with its hands in both is an interesting change of pace.
The company has been actively engaging its shareholders on both fronts as well, recently issuing key updates, but before we jump into that, we also want to point out the massive share restructuring GYST announced this month, in which it immediately effected a 95% reduction in its authorized shares, reducing the count to 500M. (>>View PR)
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GYST CANNABIS OPERATIONS:
As we hinted at above, GYST building out a scalable business operation in the cannabis industry that includes multiple California-based cannabis delivery services and dispensaries. The initial delivery service began operations in March 2017 and has rapidly expanded into multiple target markets with plans for aggressive expansion for the remainder of 2017.
Per a recent update, the revenue intake and expansion of its cannabis operations has been even more aggressive than the company itself expected, which is an exciting prospect. California only recently legalized the sale of recreational marijuana, but its medical programs and cannabis counter-culture has been thriving for decades, beginning in 1996 with Proposition 215 (The Compassionate Use Act).
The CEO of GYST, M.T. Soeparmo stated, “Our company is growing at a rapid pace … we are projecting 20K to 25K in revenue for the month of May and based on current trends, that number should surpass 30K as early as June. The scalability of our business has allowed us to expand our reach well beyond our original target markets. In fact, plans for additional expansion are well under way.” (>>View Full PR)
More recently, Soeparmo mentioned that more updates on GYST’s cannabis operations are forthcoming, so we’ll definitely want to keep an eye peeled for that.
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GYST MINING OPERATIONS:
With the cannabis aspects of its business clearly gaining traction faster than the company expected, GYST management reminded shareholders last week not to forget the promising mining operations it is currently carrying out in South America.
According to Graystone, its mining operations focus primarily on acquiring properties that require a lower capital investment to begin mining operations. This approach may reduce the size of the deposits that the company can produce, however, by generating revenue from smaller mining ventures, the company can build a solid foundation and the needed infrastructure to undertake larger ventures such as hard rock projects in the future.
M.T. Soeparmo, CEO, said, “Our current mining operation is located in Suriname and is a 160-acre site. With only 12 acres of that being mined currently, the operation has already achieved break even status. 148 acres is still yet to be mined actively so we estimate a five to seven year life span on the current 12 acres and tested locations with other locations currently being scouted.
Mr. Soeparmo finished up with, “We could not be more pleased with our current business operations. The cannabis business has exploded in a very short time frame and our mining operations provide a sizable long term contribution to our revenue goals. We look forward to sharing more information with investors in the coming weeks including an up to date website that outlines our current business operations, recent press and financials.” (>>View PR)
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GYST CHART :
Lastly, we want to take a look at the current setup of the GYST chart.
A return to the 52-week high of .0215 from current PPS levels could make for gains of more than 80% Presently, the RSI is not overbought by any means, and appears rather bullish, being above 50-line with the MACD showing a recent bullish cross!
As mentioned above, GYST is currently working on a new and updated website, so for now, you can begin your own due diligence on the company by starting at its page on OTC Markets (>>View GYST Page)
