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$APHA | #Aphria Inc Recovering from Sell Off
Aphria, Inc. engages in the production and supply of medical cannabis. It operates through the following segments: Cannabis Operations, Distribution Operations, and Business Under Development. The Cannabis Operations segment produces, distributes, and sells both medical and adult-use cannabis. The Distribution Operations segment are carried out through its wholly owned subsidiaries ABP , FL Group, and CC Pharma . The Distribution Under Development segment includes operations in which the firm has not received final licensing or has not commenced commercial sales from operations. The company was founded by Cole Cacciavillani and John Cervini in 2013 and is headquartered in Leamington, Canada.. engages in the production and supply of medical cannabis. It operates through the following segments: Cannabis Operations, Distribution Operations, and Business Under Development. The Cannabis Operations segment produces, distributes, and sells both medical and adult-use cannabis. The Distribution Operations segment are carried out through its wholly owned subsidiaries ABP , FL Group, and CC Pharma . The Distribution Under Development segment includes operations in which the firm has not received final licensing or has not commenced commercial sales from operations. The company was founded by Cole Cacciavillani and John Cervini in 2013 and is headquartered in Leamington, Canada.
$ASTC | #Astrotech Corp. on Breakout Watch List
Astrotech Corp . engages in the provision of science and technology development and commercialization businesses. It operates through the 1st Detect Corporation, and Astral Images Corporation segments. The 1st Detect Corporation segment refers to the development of TRACER for use at airports, secured facilities, and borders worldwide. The Astral Images Corporation segment includes the development of film restoration and enhancement software. The company was founded in 1984 and is headquartered in Austin, TX .
engages in the provision of science and technology development and commercialization businesses. It operates through the 1st Detect Corporation, and Astral Images Corporation segments. The 1st Detect Corporation segment refers to the development of TRACER for use at airports, secured facilities, and borders worldwide. The Astral Images Corporation segment includes the development of film restoration and enhancement software. The company was founded in 1984 and is headquartered in Austin, TX .
$THMO | #ThermoGenesis Holdings, Upside Targets
ThermoGenesis Holdings, Inc. engages in the research, development, commercialization, and marketing of automated cell processing technologies for the cell and gene therapy field. It operates through the Device and Clinical Development segment. The Device segment includes the development and commercialization of automated technologies for cell-based therapeutics and bioprocessing. The Clinical Development segment utilizes autologous stem cell-based therpeutics. The company was founded by Philip H. Coelho in 1986 and is headquartered in Rancho Cordova, CA.
$PRPO | #Precipio Inc. Golden Cross
Precipio , Inc. is a cancer diagnostics company, which engages in the development and provision of a platform designed to eradicate the problem of misdiagnosis. Its products include MX-ICP, HemeScreen, and IV-Cell, and services include primary diagnostic, SmartPath, SmartGen, HRM kits and ICP liquid biopsy testing. The company was founded on March 6, 1997 and is headquartered in New Haven, CT .
$TRIB | #TrinityBiotech In Strong Uptrend
Trinity Biotech Plc engages in the development, manufacture, and marketing of medical diagnostic products for the clinical laboratory and point-of-care segments of the diagnostic market. It operates through the Americas and Rest of World geographical segments. The company was founded by Ronan O'Caoimh and Denis R. Burger in June 1992 and is headquartered in Bray, Ireland.
$BTHR | #SportsVenuesOfFlorida --> FRESH ENTRANT INTO E-GAMING
TAMPA, FL , Aug. 06, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sports Venues of Florida, Inc. , (OTCMKTS: BTHR ) (“Sports Venues of Florida”, “BTHR”, or the “Company”), an emerging leader in the youth sports, family sports entertainment, and eSports markets, is excited to announce its wholly-owned subsidiary Shadow Gaming, Inc.’s next Insurgency Sandstorm event! The event will be broadcast on Shadow Gaming’s Twitch channel https://www.twitch.tv/eshadowgaming/ For information about upcoming Shadow Gaming tournaments go to; http://shadowgamingtv.com/ follow us on https://www.facebook.com/eShadowGaming
The Shadow Gaming Insurgency Sandstorm International Tournament, in conjunction with The Digital Gaming League, will be held on August 22nd and 23rd at 1 PM EST. Teams of 5 from all over the world are invited to compete for $500 in prizes and bragging rights!
Compete to win $250 + In-Game Skins and Cosmetics $150 + In-Game Skins and Cosmetics $100 + In-Game Skins and Cosmetics. All participants will receive 100 FREE Shadow Credits for future use on https://www.shadowgamingtv.com/home.php
The tournament will consist of 5v5 Firefight, with a qualifying group stage the first day and an elimination stage for remaining teams on the second day. Both NA and EU teams are permitted to register! The tournament will be held on Toornament.com. Event format may shift based on participation. Get more details and get your teams registered here: https://www.toornament.com/en_US/tournam... See you all on the battlefield! Shadow Gaming is proud to have the assistance of The Digital Gaming League in organizing this event! It is sure to be a great success for the Insurgency competitive scene.
New World Interactive is eager to support Shadow Gaming in its 2020 expansion plans. According to Marketing & Communications Director Jon Higgins, Ian Birnbaum of PC Gamer writes, “Of all the multiplayer shooters available right now, I find Insurgency’s style to be uniquely satisfying.”
“In my opinion, this is the best First Person shooter game in the industry; we are proud to work with New World interactive in this upcoming event,” Luis A. Arce, Shadow Gaming President, said.
About BTHR
Sports Venues of Florida, Inc. , is a developmental stage company engaged in the business of eSports, and the development of youth sports and family entertainment complexes. The company, through its wholly owned subsidiary, Shadow Gaming, Inc., has aggressively entered the eSports market. The Company has placed on hold its plans to building sports complexes ranging from 80-acres to 300-acres that will include both outdoor and indoor athletic competitions. In addition the company plans on operating a number of subsidiary companies from high tech data management businesses to product and support businesses.
#iBio, Inc Finds Support
iBio , Inc. is a biotechnology company, which engages in the development and manufacture of biotherapeutics. Its pipeline include idiopathic pulmonary fibrosis, systemic sclerosis, and scleroderma. It operates through the iBio , Inc. and iBio CDMO business segments. The company was founded on April 15, 1993 and is headquartered in New York , NY.
$BIOC | #Biocept Continuation Targets
Biocept , Inc. is an oncology laboratory service company, which focuses on the development and marketing of novel laboratory products in the detection of rare cells to include circulating tumor cells. It develops and commercializes proprietary circulating tumor cell and circulating tumor DNA tests utilizing a standard blood sample. The company utilizes cell enrichment and extraction technology for the detection and analysis of circulating tumor DNA tests. It also offers services to other laboratory testing providers, academic institutions, research organizations, biopharmaceutical companies and clinical trial support and specific oncogenic alterations. Biocept was founded on May 12, 1997 and is headquartered in San Diego, CA.
$ZSAN | #ZosanoPharma Corp Potential Targets
Zosano Pharma Corp . is a clinical stage biopharmaceutical company, which engages in the development of human pharmaceutical products. The firm focuses on providing rapid systemic administration of therapeutics to patients using proprietary intracutaneous microneedle system. It offers Qtrypta, a formulation of zolmitriptan delivered utilizing the intracutaneous microneedle system. The company was founded in October 2006 and is headquartered in Fremont, CA.
$ADMS | #AdamasPharmaceuticals Upside Targets
Adamas Pharmaceuticals , Inc. engages in discovery and development of chrono-synchronous therapies for chronic neurologic disorders. Its products include GOCOVRI, ADS-5012, ADS-4101, and Namzaric. GOCOVRI is indicated for the treatment of dyskinesia in patients with Parkinson's disease receiving levodopa-based therapy. ADS-5102 is a treatment for walking impairment in patients with multiple sclerosis. ADS-401 treats partial onset seizures in patients with epilepsy. Namzaric is a drug treatment for moderate to severe Alzheimer's disease. The company was founded by Gregory T. Went on November 15, 2000 and is headquartered in Emeryville, CA.
$SRG | #SeritageGrowthProperties on Breakout Watch List
Seritage Growth Properties is a real estate investment trust. The company engages in the acquisition, ownership, development, redevelopment, management and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers, and freestanding locations. The company was founded on June 3, 2015 and is headquartered in New York , NY.
$HHT | #ColorStar Technology Reversal Trade
Color Star Technology Co., Ltd. is a holding company, which, through its subsidiaries, engages in the production and supply of construction materials for large scale infrastructure, commercial and residential developments. It focuses on engineering, producing, servicing, delivering, and pumping a range of ready-mix concrete materials. The company was founded on September 1, 2005 and is headquartered in Beijing, China.
$RNET | #Rignet Inc Bullish Move Above 200MA
RigNet , Inc. is a technology company, which engages in the provision of customized communications services, applications, and cybersecurity solutions. It operates through the following segments: Managed Communications Services ( MCS ), Applications & Internet-of-Things (Apps & IoT ), Systems Integration (SI) and Corporate. The Managed Communications Services segment comprises remote communications, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. The Applications & Internet-of-Things segment provides applications over-the-top of the network layer including Software as a Service (SaaS) offerings such as a real-time machine learning and AI data platform, edge computing solution services. The Systems Integration segment gives design and implementation services for customer telecommunications systems. The Corporate segment consists of unallocated executive and support activities, interest expense, income taxes and eliminations. RigNet was founded by Omar Kulbrandstad in 2000 and is headquartered in Houston, TX .
$STIM | #Neuronetics Inc +60% Potential Upside
Neuronetics , Inc. commercial stage medical technology company. It focuses on designing, developing and marketing products for the patients suffering from psychiatric disorders. The firm offers NeuroStar TMS , a therapy system for the treatment of major depressive disorders in adult patients. It also provides a range of support services, including patient education, practice data management system, and customer and technical services to help the client start and manage TMS therapy systems. The company was founded by Steven B. Waite, Bruce J. Shook, Norman R. Weldon and Thomas D. Weldon in April 2003 and is headquartered in Malvern, PA.
Average Analysts Recommendation: BUY
Average Target Price: $5.75
$HBM | #HudBayMinerals Inc +20% Upside
HudBay Minerals, Inc. operates as a mining company, which engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery , production, and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.
$BMWLF | #BlumaWellness Low-Float CBD Bounce Play w/ Huge Revenues
Bluma Wellness Inc. (BMWLF)
Canada: (CSE: BWEL.U)
Alert Price: $0.36
Float: 72.61M
We have just come across another exciting opportunity in the CBD space.
The Company is coming off a remarkable past few months, which includes nearly $1M in revenue for the month of June.
Please turn your immediate attention to Bluma Wellness Inc. (BMWLF).
CBD products have gone mainstream and are now available in major retailers like CVS , Walgreens, and Kroger . Over the past few years many companies have announced they are getting into the CBD business, but a lot of them failed to develop a product.
So, who is making all of the money from CBD?
How big is the market?
Chicago-based market research firm, High Yield Insights, says that by 2025, the CBD market could surpass $23.6 billion, which is a 22.2 percent growth rate. Also according to High Yield Insights, "roughly 40 percent of U.S. adults age 21 and over indicated a willingness to explore CBD under the right conditions." High Yield Insights is not the only research firm talking about big numbers; New Frontier Data conducted a nationally represented survey of consumers that said 86% of Americans know of CBD , while 18% of Americans have tried CBD at least once. Another survey with surprising results is one that was completed by the Arthritis Foundation, where 26 percent of patients with arthritis said they use CBD to treat their symptoms.
Most of the CBD products the average American consumer finds on the shelf are made from hemp. Currently, 47 of the 50 U.S. states, as well as the District of Columbia, have legalized the sale and use of hemp derived CBD products. According to federal law, hemp CBD is 100% legal and cannot contain more than 0.3 percent of THC , which is the compound in the plant most commonly associated with getting a person high. This emerging trend in the CBD market adds up to explosive growth potential for companies like Bluma Wellness Inc. (BMWLF).
About Bluma Wellness Inc.
Bluma Wellness Inc. owns and operates a vertically-integrated, licensed medical cannabis company in the State of Florida doing business as "One Plant Florida." One Plant Florida cultivates, processes, dispenses and retails medical cannabis to qualified patients in the State of Florida through multiple retail dispensaries and an innovative next-day door-to-door e-commerce home delivery service, thereby offering convenient access for its customers and meeting the demands of an evolving retail landscape. Bluma plans to continue expanding its cultivation and distribution operations as the Florida market grows and may enter into other US states where the production, distribution and use of cannabis is permitted under state law.
2020 Is Shaping Up To Be A Monumental Year For BMWLF
Bluma Wellness continued to build steadily on its responsibly scaled growth in June.
The Company:
Commenced trading on the Canadian Securities Exchange (the "CSE").
Opened the fourth retail dispensary location and delivery hub for its subsidiary company, "One Plant Florida", in Port St . Lucie, Florida.
Harvested its first room at its brand-new 54,000 square-foot Nexus greenhouse facility in Indiantown, Florida.
Additionally, the Company has received its 211 approval from the Financial Industry Regulatory Authority (FINRA), and is in the process of completing its application to be listed on the OTCQB.
One Plant Florida Opens Fourth Retail Dispensary Location and Delivery Hub in Port St . Lucie, Florida
On June 26th, One Plant Florida opened its fourth retail dispensary location and delivery hub in the State of Florida at 7510 S. Federal Highway in the city of Port St . Lucie. Situated in the heart of Florida’s Treasure Coast, the location offers qualified patients in Port St . Lucie, as well as qualified patients in Indian River, St . Lucie, Martin and North Palm Beach County areas (via delivery), access to One Plant Florida’s top-shelf genetics, hang-dried and hand-trimmed flower, vape products, concentrates and merchandise via an in-store experience, home delivery, and the State of Florida’s first approved curbside pickup network.
The Port St . Lucie location joins existing One Plant Florida locations in Boynton Beach, Jacksonville Beach, and St . Petersburg, Florida. One Plant Florida intends to open another six (6) retail dispensary locations and/or delivery hubs throughout the state by the end of 2020, including in Ocala, Florida by the end of July 2020.
One Plant Florida Conducts First Harvest and Sets Perpetual Harvest Cycle at Nexus Greenhouse Facility in Indiantown
In June, One Plant Florida conducted the first harvest of its premium cannabis flower at its brand-new 54,000 square-foot Nexus greenhouse facility in Indiantown, Florida. The Nexus greenhouse is now fully operational, and One Plant Florida’s experienced grow team has implemented and will carefully supervise a perpetual harvest cycle at the new facility under which one of the eight flower rooms will be harvested every ten (10) days.
One Plant Florida’s Nexus hybrid greenhouse facility consists of ten (10) approximately 5,000 square-foot cultivation rooms, each of which features individual and customizable climate control systems that allow for the use of natural sun light while still maintaining preset temperature and humidity levels of approximately 75 degrees Fahrenheit and relative humidity of under 55%. This allows the facility to create cultivation conditions that are normally only found in Florida within indoor cultivation facilities that rely solely on artificial lighting. The facility also includes automated shade control and light deprivation systems, a CO2 infusion system, a Ridder hortimax automated irrigation and fertigation system, and a network of ten (10) sensors in each room that track and feed real time data into One Plant Florida’s data analytics system. The Nexus greenhouse houses some of One Plant Florida’s best-known and rare strains of premium cannabis flower, including Mac1, Runtz, SherbD, ChemD, Chem91, I75, Fish Whistle, Dirty Lemons, and Ebony and Ivory, among others.
Financial Highlights June 2020
Bluma Wellness is pleased to provide the following sales and financial highlights from the month of June 2020:
Revenue: $814,000.00
Gross Price Per Pound: $6,667.00
Ounces of Dried Cannabis Flower Sold: 2,190 oz**
Avg . Ounces of Dried Cannabis Flower Sold Per Retail Location: 639 oz
Milligrams ( mg ) of tetrahydrocannabinol ( THC ) Sold: 5,670,500 mg* **
*estimate due to THC var. per batch, 419 mg dispensed per cart
**sales figure based on three retail locations; fourth location in Port St . Lucie opened
During the month of June, One Plant Florida averaged sales of 639 ounces of dried cannabis flower per store, and 1,523,591 mg of distillate/ oil sold per store. That positioned One Plant Florida second in ounces of dried flower sold per store when compared against all other Medical Marijuana Treatment Centers (MMTCs) in Florida, and third in mg of THC sold per store when compared against all MMTCs in Florida, in each case, according to information gathered by the Florida Office of Medical Marijuana Use.1 One Plant Florida has achieved these numbers utilizing only product grown and processed at its current facility in Ruskin, Florida. One Plant Florida expects to increase its supply of flower (as much as four times the current amount of production) when its Indiantown greenhouse facility becomes its primary production location in early August.
THC Sold ( mg )/ average oz sold per store compared to competitors, June 2020:2
Trulieve: 4,750,395 mg of THC sold / 1,596 oz of dried flower sold per dispensary, number one in average ounces of flower sold per store
One Plant Florida: 1,523,591 mg of THC sold/ 639 oz of dried flower sold per dispensary, number two in average ounces of flower sold per store
GrowHealthy: 806,310 mg of THC sold/ 504 oz of dried flower sold per dispensary, number six in average ounces of flower sold per store
Liberty Health Sciences: 965,723 mg of THC sold/ 421oz of dried flower sold per dispensary, number five in average ounces of flower sold per store
Curaleaf: 4,464,668 mg of THC sold/ 414 oz of dried flower sold per dispensary, number three in average ounces of flower sold per store
Harvest: 562,950 mg of THC sold/ 375 oz of dried flower sold per dispensary, number seven in average ounces of flower sold per store
Fluent: 1,160,630 mg of THC sold/ 255 oz of dried flower sold per dispensary, number four in average ounces of flower sold per store
Looking To The Future
One Plant Florida intends to open its fifth retail dispensary location and delivery hub in Ocala, Florida no later than July 31, 2020, pending the receipt of all required regulatory approvals from the Florida Office of Medical Marijuana Use.
Additionally, One Plant Florida expects that premium dried cannabis flower taken from the first harvest at its Nexus greenhouse facility will arrive at its existing retail locations and delivery hubs by the end of August 6, 2020. One Plant Florida anticipates that the Indiantown greenhouse facility will provide up to 1,300 pounds of premium dried cannabis flower per month for its retail and delivery hub locations, an increase of four times its current supply.
Market Outlook
The global cannabis - Cannabinoid market reportedly reached $13.4 Billion in 2018, and it is expected to reach even greater heights in the near future… in fact the market is expected to grow at a CAGR of 22.9% during 2019-2024, reaching a value of US$ 44.4 Billion by 2024, according to a research report by IMARC Group. It "what's old is new again" given the fact that historically, cannabis has been used medicinally for years in ancient Indian, Chinese, Egyptian and Islamic cultures. Nowadays, cannabis finds application in the treatment of a wide range of diseases and symptoms including cancer, chronic pain, depression, arthritis, diabetes, glaucoma, migraines, epilepsy, MS , AIDS, ALS, Alzheimer's, PTSD, Parkinson's, Tourette's, etc. Owing to its therapeutic benefits, cannabis has been approved for medical use in numerous countries, with varying degrees of legal restriction.
Technical Analysis
BMWLF Could See A Major Bounce Here
Shares of BMWLF closed the session down twenty percent, creating an incredible "buy the dip" opportunity!
We've done our very own technical analysis , and see the potential for an over +25% move from here.
Bullish Indicators:
Stock has bounced once again off Fibonacci support level , setting up a bounce to upper trend-line resistance.
With its relatively thin float, BMWLF could rally hard and fast.
Those on the hunt for big moves need not look any further than BMWLF.
The Bottom Line
With its low-float, BMWLF is a day traders dream come true.
The Company is in midst of a huge growth period, with nearly one million in revenues in the month of June.
CBD is there to stay!
Chicago-based market research firm, High Yield Insights, says that by 2025, the CBD market could surpass $23.6 billion, which is a 22.2 percent growth rate. Also according to High Yield Insights, "roughly 40 percent of U.S. adults age 21 and over indicated a willingness to explore CBD under the right conditions."
This could easily be our next trade idea to double in price, so we suggest you start your research now, and add it to the top of your watchlist immediately.By Viewing this Content, you Agree that you Have Read and are in Full Understanding of both our Disclaimer & Privacy Policy(*Remember to use a Stop-Loss Order to protect your gains, as well as limit possible losses.)
Best Regards
$MEXGF | #MexicanGoldMining Corp. Continuation
Mexican Gold Mining Corp. engages in the acquisition, exploration, and evaluation of mineral properties. It focuses on the Las Minas project, which has gold-copper deposits in advanced-stage exploration and exploration targets. The company was founded on October 5, 2006 and is headquartered in Vancouver, Canada.
$KMPH | #KemPharm, Inc 30% Upside
KemPharm, Inc. is a clinical-stage specialty pharmaceutical company, which engages in the discovery and development of proprietary prodrugs. It focuses in the treatment of serious medical conditions such as attention deficit hyperactivity disorder, pain, and other central nervous system disorders through its platform technology known as Ligand Activated Therapy. The company was founded by Christal M. M. Mickle and Travis C. Mickle on October 30, 2006 and is headquartered in Coralville, IA.
$MVIS | #MicroVision Inc 35% upside
MicroVision, Inc. engages in the development of laser beam scanning technology. It offers its product under the PicoP brand. PicoP scanning technology has addressing the following market segments Interactive and non-interactive projected displays, 3D Perceptive LiDAR sensing for consumer electronics, Augmented/Mixed Reality (AR/MR) and 3D Perceptive LiDAR sensing for automotive active collision avoidance. The company was founded in May 1993 and is headquartered in Redmond, WA.
$ET | #EnergyTransfer Bullish Into Earnings
Energy Transfer LP provides natural gas pipeline transportation and transmission services. Its projects include Marcus Hook Industrial Complex, Mariner east Pipelines, Mont Belvieu facility, Lone Star Express Expansion, Bakken Pipeline and Lake Charles LNG . Energy Transfer was founded in September 2002 and is headquartered in Dallas, TX .
$PSYC | #GlobalTracSolutions - Your Best Bet To Capitalize On Psychedelics Boom
Global Trac Solutions Inc. (PSYC)
Alert Price: $0.0120
Technical Analysis
We hope you enjoyed the up to +93.33% in realistic gains that last Thursday's alert delivered!
That was the perfect way to wrap up a highly profitable month of July, in which our members had the opportunity to secure up to +306% in realistic gains!
We are kicking off the month of August with a fresh trade idea that has triple-digit gain potential.
Please turn your immediate attention to Global Trac Solutions Inc. (PSYC).
PYSC is a diversified holding company dedicated to identifying new and emerging industries. By utilizing their years of business development expertise their diverse team of innovators continuously leverages their experience to effectively execute go-to-market strategies in order to position the Company for rapid growth through the creation of an evolving business foundation to enhance profitability potential.
Just like our most recent winners, PSYC:
Is Highly Diversified
Rapidly Growing
Has An Attractive Share Structure
Recently Released Market Friendly News
The Psychedelics Boom Has Begun
Just last week, the Company announced that daily website traffic analytics observed in recent weeks associated with the Company’s Psychedelic Spotlight website (psychedelicspotlight com) has demonstrated a steady increase in daily visitors which is highlighted by over 4,000 visitors to the site on the 15th of July alone, a new daily record for the website.
The Company contends that a contributing factor to the significant surge in visitors to the website on July 15th was due in large part to the release of the 2nd edition of their Microdose Monthly newsletter to its growing base of subscribers on that day, in addition to the recent launch of its social media platforms, as well as other related networking efforts it is beginning to leverage as a means of increasing its presence within the burgeoning medicinal psychedelic space.
Said Global Trac Solutions, Inc. CEO , David Flores: “It is extremely encouraging to see some of the awareness-driven initiatives we have deployed in recent weeks begin to demonstrate their value through positive data and analytics. As you know, developing a recognized brand and identity for ourselves within the emerging medicinal psychedelic space is a very critical part of placing us on a reasonable path to tapping into a variety of different revenue streams as we forward with our expansion. By driving more traffic to our Psychedelic Spotlight website and increasing subscribership to our Microdose Monthly newsletter, I believe we are in the process of positioning ourselves quite effectively to begin creating revenue opportunities through things like online display advertising in addition to being in a more prominent position to explore potential partnership opportunities within this dynamic space.”
The Company intends to continue the growth of each of its platforms by remaining committed to efforts involved in connecting with some of the most recognized leaders and prominent advocates within the rapidly expanding medicinal psychedelic industry.
We have a feeling that PSYC could be our next trade idea to more than double in price.
That being said, we ask that you add it to the top of your watchlist immediately, and be ready to trade at 9:30AM EST.
About Global Trac Solutions, Inc.
Global Trac Solutions is a diversified holding company dedicated to identifying new and emerging industries. By utilizing our years of business development expertise our diverse team of innovators continuously leverages our experience to effectively execute go-to-market strategies in order to position ourselves for rapid growth through the creation of an evolving business foundation to enhance profitability potential.
PSYC has expressed its intent and commitment to positioning itself at the forefront of the psychedelic revolution and as a resource center for discovering and understanding the latest research and business opportunities surrounding psychedelic inspired medicines. In conjunction with the FDA’s more open-minded approach to psychedelic medicines, and as several major U.S. cities continue to approve the decriminalization of psilocybin, investors are speculating that the psychedelic boom could be bigger than that of cannabis. PSYC is your source for current investment related news specific to psychedelic medicines and cutting-edge research improving overall health, moving this sector into the mainstream.
We believe in a forward-thinking approach that embraces groundbreaking new technology and innovations and through the vision of business development we intend to continue to evolve into these unchartered territories as the industry leaders of the future. We truly are the right TRAC to follow.
PSYC To Exit Cannabis Payments Industry To Redirect Focus on Emerging Psychedelic Market Space
Last month the Company announced to its valued shareholders and stakeholders that in an effort to more strategically focus the Company’s current growth and expansion initiatives within the burgeoning medicinal psychedelic industry, in addition to adapting to the challenges faced within a changing economic climate, the Company has made the decision to wind down all operations associated with its wholly-owned subsidiary, MTrac Tech Corporation effective immediately.
While the Company contends that this decision was not easy given the success MTrac achieved within the retail cannabis industry over the last year and a half, it believes that in order for PSYC to proceed full steam ahead with its push into the psychedelic space, it must make every effort to dedicate as much of its valuable resources towards the pursuit of this initiative.
“Though this decision comes with an understandably heavy heart, I remain extremely proud and eternally grateful of what we were able to accomplish with MTrac and the MTrac brand,” said Global Trac Solutions, Inc. CEO , Vanessa Luna. “We took an entirely new and innovative form of software technology, branded it, marketed it, and successfully delivered it to an industry in need of it the most. The journey associated with the development, launch and success of MTrac was every bit as exhilarating as it was challenging and there are few words to describe how eternally appreciative I am for the dedication and sacrifices made by everyone who was involved in this along the way. However, in now having a full and complete understanding of the demands, complexities, and exorbitant costs which are required to effectively and compliantly operate a business within a sector of an industry whose regulations are constantly shifting across multiplestates, I believe that it is in our best interest from both a financial and growth perspective to focus entirely on our efforts in the emerging psychedelic space.”
In connection with its decision to wind down operations with MTrac, the Company has mutually and amicably cancelled its exclusive licensing agreement with its former technology partner GreenBox POS and will dedicate the next several weeks towards an effective and efficient phase out of any and all remaining business operations within MTrac.
Psychedelics are creating a wellness revolution and an industry with unprecedented opportunity.
Psychedelics are part of a class of psychotropics that are known to activate the serotonin receptors in our brain, which have a direct effect on mood, cognition, and perception.
Their use as a treatment for mental healing and to facilitate spiritual experiences dates back thousands of years in a variety of different cultures across the globe, but for the first time in history, the benefits of psychedelics, backed by recently gained scientific evidence, have shown promise as "breakthrough therapies" in treating a range of cognitive and physical conditions, which have been labeled as treatment-resistant to traditional medicines and therapies.
These new medical studies and the companies at the forefront of the industry's development are changing the way we think about mental health and human consciousness, creating a psychedelic renaissance for global wellness and unprecedented opportunities.
FDA Calls Psychedelic Psilocybin a 'Breakthrough Therapy' for Forms of Depression
The FDA is helping to speed up the process of researching and approving psilocybin, a hallucinogenic substance in magic mushrooms, to treat major depressive disorder ( MDD ).
For the second time in a year, the U.S. Food and Drug Administration (FDA) has designated psilocybin therapy — currently being tested in clinical trials — as "breakthrough therapy," an action that is meant to accelerate the typically sluggish process of drug development and review. It is typically requested by a drug company and granted only when preliminary evidence suggests the drug may be an enormous improvement over already available therapy, according to the FDA.
Last year, the FDA granted "breakthrough therapy" status to psilocybin therapy in the still-ongoing clinical trials run by the company Compass Pathways, which are looking into psilocybin's potential to treat severe treatment-resistant depression, or depression in patients who have not improved after undergoing two different antidepressant treatments, according to New Atlas.
Market Outlook
Magic Mushrooms Could Be the Next Investment Trend
With the market surging back to life, investors are poised to pounce on the next trend. And if you missed out on the biotech boom then you'll want to pay special attention to what's coming next.
This completely new market opportunity may be about to become front page news. Because the FDA just "fast tracked" it. Why? It could help solve a serious problem. Big Pharma's pills for mood disorders just don't work for many people.
Currently, major anti-depressant medications only improve symptoms in 40 to 60 out of 100 people. According to the National Institute of Health, more than 16 million Americans suffered from depression in 2016, while 40 million suffer from anxiety, making it the single most common mental illness in the United States.
For certain groups, it's much worse. About 30% of active-duty and military personnel deployed in Iraq and Afghanistan suffer from mental illness, particularly post-traumatic stress disorder (PTSD) and depression.
Traditional treatments just aren't cutting it for some. But a new set of game-changing "special compounds" like Psilocybin may shake things up.
In the United States alone, Treatment-resistant depression ( TRD ) costs employers up to $48 billion each year, according to a study published in The Journal of Clinical Psychiatry. Arguably, a drug effective in treating a $48 billion dollar problem would have significant potential in the marketplace. In addition, the depression medication market is expected to grow from $14.5 billion in 2014 to nearly $17.0 billion by 2020.
The current reform movement taking place with Psychedelics in North America has many of the same hallmarks that the cannabis industry had in its early days. Back in the day, many wondered if legal cannabis dispensaries would become a reality.
Fast forward a few years and many thousands of marijuana dispensaries later and the same questions are beginning to arise in the new psychedelics space regarding the possibility of legal retail “Shroomeries”. Over the past couple of years, substances like Psilocybin (Magic Mushrooms), Ayahuasca, Peyote, Ketamine, DMT , LSD and MDMA have shown tremendous medical promise in treating conditions such as anxiety, depression, addiction and PTSD.
In response to the many positive medical studies on the health benefits of various psychedelics, a new reform wave has begun to sweep across the United States. Recently, Washington D.C. and Vermont have both put forth legislation aimed at decriminalizing certain psychedelic substances within their state.
Many major U.S. cities such as Denver, Oakland and Santa Cruz have also approved similar decriminalization measures. Just days ago Denver made history by holding the first government psychedelics decriminalization panel where reform advocates were able to speak openly with elected officials and members of local law enforcement about the city’s psychedelics policy and the therapeutic potential of psilocybin mushrooms. Activists in the city of Oakland have even gone as far as to reveal a new plan to legalize the sale of psychedelics in 2020.
Technical Analysis
Just like many of our past winners, PSYC appears to be grossly oversold and undervalued at these levels.
The share structure also seems attractive to those looking for a ticker with monster breakout potential!
We've done our very own chart analysis and see the potential for a big move from here!
Bullish Indicators:
Bullish Cross Above Zero-Line
CMF Approaching Zero-Line, Short Cover Signal
Histogram Rising Bullishly. MACD In Strong Uptrend
The Bottom Line
PSYC Could Be Your Best Best To Capitlaize On The Psychedelics Boom!
If you are on the hunt for monster single-session gains, then PSYC is the only ticker that should be on your radar. By Viewing this Content, you Agree that you Have Read and are in Full Understanding of both our Disclaimer & Privacy Policy(*Remember to use a Stop-Loss Order to protect your gains, as well as limit possible losses.)
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