IFXY: The Next Sleeping Marijuana Stock? 0 comments
May 6, 2015 12:00 PM | about stocks: IFXY
Accumulation is up and so is the anticipation for Infrax Systems Inc. OTCPK:IFXY).
They recently announced terms to the deal with Future Land Corp in a press release dated April 27, 2015 including a signed 5 year agreement to provide grow and security technology with an exclusive first right or refusal basis to all of Future Land clients. Future Land currently owns 240 acres in southern Colorado located in Huerfano County, Colorado. Upon that land, there are 10 grow facilities sites of which four are already slated to lease and one already signed, Colorado Flower Company.
Included in the agreement, HempTech (an Infrax Company) will receive $2.28 million a year, or $190,000 a month, for providing their technology to the lessees with the potential to provide the same services for all 10 grow facilities slated to be occupied on that land. Plus they plan to expand to other locations as FutureLand acquires more land and grows its client base through out Colorado and into other states where marijuana is legal. According to the April 27th news release, they already have a signed agreement to provide grow technology to one grow facility in Colorado.
Under the agreement, Infrax will supply Spider Security Technology, SmartSense, SmartNergy™, CaNNaLyTiX™, and growing/laboratory equipment through its recently acquired HempTech division. By acquiring HempTech, Infrax has been able to combined their patented technology known as SEIP (Secure Intelligent Energy Platform) that includes operational management, communications, and grid security to create one of the most advanced marijuana grow command centers in the market.
Infrax also announced that they are now an authorized dealer for all Current Culture H2o products. cch2o.com/shop/ Which will also increase company value by supplying the grow products to their customers.
Further in the April press release, they announced an agreement with Second Sun LLC based in Los Angeles www.secondsungrow.com/ which provides exclusivity for representing HempTech's technology in California, Oregon, and Washington state.
Another major event going on right now, is they are in the final process of testing for the SNIC and smart meters as required by their partner Itron, Inc. (NASDAQ: ITRI). After hearing back, Itron agreed to give Infrax 2 samples meters which will be used through MetLabs www.metlabs.com/ ;certification process for the ANSI www.ansi.org/ final certification approval. Infrax had designed the Secure Network Interface Card (S.N.I.C.) and was designated for the Itron Centron ll family of smart meters. They became partners with Itron in 2010, had the S.N.I.C. ready by 2013, and since, Infrax has received their FCC approval. Its been a long four year as announced in a press release dated February 10, 2015, and they are finally in the end phase for the certification.
So looking at the big picture, there's the 5 year agreement with FutureLand with 10 grow houses slated to be built worth over $2 million a year each for their technology and services. Their partnership with Itron and their Smart Meters which is in the final phase and has been in the works for several years. Becoming a Current Culture H2o authorized dealer. And the agreement with Second Sun, LLC.
What this equals in my opinion are big revenues to start being generated for IFXY. And at a share price of just .0027 as of close Tuesday, giving them a mere market cap of just $305k, they look to be extremely under valued and more than ready to explode. Pennies should be easily obtained once the market becomes aware of IFXY. Their most recent float count as of Friday, May 1st, is just under 44 million shares.
Thank you for reading the Due Diligence Opinion Report. As always, its just my opinion based on my findings and always, follow through on your own due diligence before making an investment decision.
Themes: marijuana Stocks: IFXY
