STKO, PNCH & Extended Watchlist

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.

___

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.

___

Extended Watchlist:
FRTD, MDIN, CLNO, PPHM, GNIN, CLSN, ECTE, GLUU

HEMP, CBIS, GGSM & Extended Watchlists

We are back to focusing on marijuana-related stocks this morning, as Washington state’s legalization measures took effect at midnight last night. Tens, perhaps hundreds of thousands of happy smokers gathered at locations throughout the state, in a New Year’s Eve-style countdown-to-cannabis! We observed positive moves from several “pot stocks” yesterday, and we expect to see the trends continue as the nation gets used to the idea that the beginning of the end for marijuana prohibition is underway out West.

___

Hemp, Inc. HEMP

When we initially began covering HEMP, the stock was as low as .027. It made a solid run all the way up to .09 before consolidating to bounce off of .037, at which point we saw another jump to .065. Consolidation occurred yet again, until late last week the stock found support at .035. It has been bumping into the 50DMA, and yesterday it finally got above it, with the next patch of resistance to come at the 20DMA of a nickel.

We’ve seen what HEMP can do when momentum flows into the stock, and we wouldn’t be at all surprised to catch another breakout in coming weeks, on into next year, especially with all the hype and positive attention that the medical marijuana industry has been getting.

___

Cannabis Science, Inc. CBIS

We notice a lot of similarities in the HEMP and CBIS charts. Both stocks had serious runs, only to consolidate and find a higher support level, and are now gearing up for further gains, breaching the 50DMA’s.

The next patch of resistance for CBIS figures to come at the 20DMA (.068) and 200DMA (.072). As you can see below, chart indicators appear to be turning toward the bullish side, so we definitely want to keep CBIS on our scanners.

____

Other Marijuana-Related Stocks to Monitor:
ERBB, GRNH, MDBX, PHOT, MJNA, TRTC, SRER

____

Gold and GemStone Mining Inc. GGSM

We wanted to relay this morning’s PR from GGSM as well:

Gold and GemStone Mining Inc. and Blue Orange Mining Ltd Sign a Joint Venture Agreement
DRAPER, UT, Dec 06, 2012 (MARKETWIRE via COMTEX) — Gold and GemStone Mining Inc. (OTCQB: GGSM), an alluvial gold and diamond exploration and development stage mining company, announced today a joint venture agreement with Blue Orange Mining Limited.

Charmaine King, CEO of Gold and Gemstone Mining Inc., has announced the signing of a joint venture with Blue Orange Mining Ltd, based in Ghana offering 15 gold concessions, in a 50/50 JV.

Each concession measures between eighteen (18) to twenty-five (25) acres thus producing a total area of about forty-eight (48) acres in Dunkwa-Offin, fifty(50) acres in Pokukrom, and a total of two hundred and seventy-one (271) acres in Bibiani.

Six concessions were chosen for extensive testing, to evaluate the reserves. Results from this program would dictate the safe projection of resource to cover the thirteen mineable concessions for this project.

The concessions were evaluated by conventional polygonal methods to define the potential resources of minerals. Prospected data for the concessions was proven by a close drilling program undertaken by Dunkwa Goldfields Limited, a dredging company that held rights to extensive alluvial terrains along the Offin, Oda and Ancobra Rivers. When the company was declared bankrupt, its concessions were assigned by government for small scale operations. Records from this evaluation reveal an average reserve of approximately 11,083,696 tonnes at a grade of 0.75g/t for the six concessions. This projected over all thirteen concessions confirming a total resource of approximately 258,556 ounces and concluding a net average cost of production $721.45 per ounce for the life span of the project.

Mrs. King goes on to comment on the findings of the geological report, “GGSM is extremely pleased to announce to our shareholders and the public the geological report on our newest JV project with Blue Orange Mining shows over 250,000 ounces of easily extractable gold from the 13 mineable concessions. Even if gold was to drop to $1,500.00 per ounce, this concession would be worth over $380,000,000.00 to GGSM and our JV partners Blue Orange. With an average production cost for GGSM of $721.45 per ounce we are looking at over $200,000,000.00 in gross operating revenue for GGSM and Blue Orange Mining. Furthermore, GGSM is starting negotiations with Blue Orange to locate and finance the heavy equipment needed to begin moving forward.”

___

Extended Watchlist:
TAON – We alerted the bottom yesterday at .009, looks set to continue gains.

Medical Marijuana Round-Up: Part Three

Medical Marijuana Round-Up: Part Three

Election Day has come and gone, and as we suspected, medical marijuana passed in certain states. While still against federal law, this was big step for the medical marijuana movement, and related stocks that we have reported on in the recent past. We were one of the first to the party in discussing the potential of these stocks as desicion 2012 drew near, and now of course, we see several other groups jumping on the bandwagon. Simply check out the dates on our previous reportsto see that this is, in fact, the case.The following is a list of medical marijuana plays that we’ve continuously monitored, and will continue to do so as we see how the successful push for legalization in some states affects their futures.

These are all stocks that have brought us sizable gains already, but with this new development, things could get really exciting as a result. We wouldn’t be surprised to see another wave of new interest in these and other related stocks.

____

Medical Marijuana, Inc. MJNA

____

Hemp, Inc. HEMP

____

GreenGro Technologies, Inc. GRNH

____

Cannabis Science, Inc. CBIS

____Here are several more related plays that we’ve dug up to give you as much of a variety as possible.

 ERBB, FSPM, GTLA,MDBX, MWIP, PARS, PHOT, RFMK, RIGH, SFIO, SRER, TRTC

____Extended Watchlist:
STLK, CGRA, ACGX, VLNX, CGUD