Tag: RIGH

Blue Horseshoe Stocks: Marijuana Stocks & More

Transbyte Corp. ERBB
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Among others, ERBB was one cannabis play to have a bang-up session on Tuesday. After we watched it make a 23% intraday move from .012-.0147 on Monday, the stock continued to push its upper boundaries, opening at .0155 and reaching as high as .0193, an added gain of 25% It closed with strength at .019 on nearly 330M shares traded; that’s well over 3x its 3mo. average volume.

Be on the lookout for where this latest rush of momentum can carry ERBB, and aware of the possibility for bounce action in the event of any pullbacks.

Growlife, Inc. PHOT & Creative Edge Nutrition, Inc. FITX
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PHOT produced an exciting PR this morning that we wanted to share, as it it ties it to another of the cannabis stocks we’ve been following that has also produced mammoth gains this month, in FITX. It’s a development that will renew our interest in following the stories behind both of these stocks even more intently than before:

GrowLife and CEN Biotech Announce Collaboration on the World’s Largest and Most Advanced Legal Cannabis Production Facility New Canadian Facility Capable of Producing Up to 1.3 Million Pounds of Medical Marijuana Annually

WOODLAND HILLS, Calif., Jan. 29, 2014 /PRNewswire/ — GrowLife, Inc. (PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, is pleased to announce that Organic Growth International, LLC (“OGI”), its previously announced joint venture with CANX USA, LLC, has entered into a series of agreements with CEN Biotech, Inc., subject to the approval of the GrowLife Board of Directors.  GrowLife currently has a 45% ownership interest in OGI, with conditions under which it can gain majority interest. CEN Biotech, working under the inspection and authority of Health Canada, has completed the extraordinary governmental processes in Canada to receive approval to begin constructing their state of the art medical marijuana facility in the City of Lakeshore, Ontario, Canada. >>> FULL RELEASE

VaporBrands International, Inc. VAPR & Hemp, Inc. HEMP
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Speaking of stocks in the marijuana sector that have joint ventures with others that we’ve covered extensively, we find VAPR. This one cropped up on our radar with a press release yesterday which ties it to another of our all-time favorite pot stocks; HEMP. The stock has been on the move for the past several sessions, so a note of caution is in order. We may find that the stock pulls back from extensive profit-taking, and in the event that occurs we will be watching closely for a bounce opportunity.

MediaTechnics Corp. MEDT
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We also want to radar MEDT, a sub-penny play that has shown a capacity for quick swings in recent weeks. Over the past three sessions the stock has moved up from .0004, to as high as .0017 during trading yesterday. In early January it made a similar move from .0004-.0012, so we have a pretty good idea of the kind of volatility to expect from this play. Triple-zero stocks are known to be high risk, but a properly timed swing can lead to rapid gains for the savvy trader.

CleanPath Resources Corp. CLNP
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This is another stock that falls into the high-risk/high-reward category of sub-penny momentum plays. The stock has been as low as .0002 as recently as Monday, and yesterday broke through a psychological barrier at .001, going as high as .0012. We are going to put this on our watchlist in the event of continued momentum pushing it past yesterday’s highs. Should it pull back into sub-.001 territory, we’ll be on the lookout for support and an eventual rebound.

Extended Watchlist:
BCAP, RIGH, ONVO, GTXI, DCTH, TSEM

Blue Horseshoe Stocks: HUGE News in the Marijuana Industry

Medical/Legal Marijuana Sector Set to Explode

If that headline seems a little sensationalistic, that’s because something sensational has happened! Many of you will recall our continuous coverage of marijuana-related stocks beginning last year, as Washington and Colorado were getting ready to vote on becoming the first states to end more than seven decades of marijuana prohibition. The prospect of companies legally being able to cash in on what is most assuredly a multi-billion dollar industry just waiting to be unlocked, was and still is, quite exciting.

We rode several hemp stocks (which we’ll mention below) to astonishing gains, and have been continuously tracking the landscape of this burgeoning market sector ever since. Even with such progress being made in legislation, as well as a positive general shift in public opinion on the subject, we still had to temper our enthusiasm. The federal government had not yet taken an official position on the issue of whether or not it would intervene in the rights of individual states to grant their citizens access to legal marijuana. And so the nation, including several other states with legalization ambitions of their own, waited for news of their ultimate fate.

Then yesterday came… In the future, Thursday, August 29th, 2013, could very well be viewed as a turning point in the fight against marijuana prohibition. The US Department of Justice finally announced their official position: The federal government WILL NOT interfere with individual states who wish to legalize, regulate, and tax marijuana for both medical and personal recreational use. The door to a pot industry boom has just been unlocked, and left wide open.

In the wake of this historic event, we thought there would be no better time to remind our readers that this was one of the main reasons we’ve been so “high” on marijuana stocks for over a year now. It is rare to witness the birth of an entire industry, and yet it seems this baby has finally arrived! Check out the enormous list of related stocks below that have appeared in previous reports (I, II, III, IV) and be sure to keep them on your radars moving forward, as a world of possibilities (without fear of federal reprisal) has just opened up for the entire sector.

HEMP, PHOT, MJNA, CBIS, RFMK, ERBB, GRNH, MDBX, MWIP, TRTC, RIGH, EXMT, EDXC, SKTO, FSPM, NRBT, GTLA, GWPRF, HESG, PARS, SRER, SFIO, XCHC & NVLX.

We’ll also be on the lookout for new marijuana related stocks, which are likely to start sprouting up like weeds now that the federal green light has been given. More on the subject is sure to come, so stay tuned to our daily reports, and good luck out there!

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.

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Medical Marijuana, Inc. MJNA

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Hemp, Inc. HEMP

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GreenGro Technologies, Inc. GRNH

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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