GET TO KNOW ALGA
ALGA is in the news with IJJP
I'm usually over on the ALGA Board.
Thought I'd share some background on ALGA by providing a comparison of ALGA to other cannabis stocks ...
ALGA vs. MJNA & HEMP
Compare ALGA’s business plan, existing operation, PPS performance and trading volume to some of the leading cannabis sector penny stocks priced above a penny (see below).
Revenues in the sector range from $0 to $2 million annually. With the exception of MJNA, balance sheet status is not a selling point for any company in the sector. MJNA’s balance sheet carries one large but vague asset valued at $30 million and descried only as ‘securities.’
What all these companies have that ALGA does not yet is DTC eligibility.
Consider the potential of ALGA once it has achieved DTC eligibility.
The current trading volumes without DTC eligibility are impressive.
I believe ALGA may hit a 1 mm share trading day even before the Company achieves DTC eligibility.
That 1 mm share trading day just might be today ...
... as investors realize where a post ALGA DTC Eligible PPS could go.
Once DTC Eligibility is achieved I think the ALGA PPS and Volume will out perform all the competition listed herein.
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MJNA (PINK)
PPS $0.11 Avg vol 2.7mm I/O 900mm
Float 444mm Market Cap $100mm 52 week hi/low .33/.10
MJNA is a highly diversified company experimenting in any number of potential cannabis related market opportunities. The Company has $2 mm in annual revenue from a nutraceutical line and negligible revenues from a half a dozen other business lines. The Company carries a $30m ‘other’ asset on the balance sheet described in its foot notes as ‘securities.’
HEMP (PINK)
PPS $0.03 Avg Vol 8.6 mm I/O 2.5b
Float NA Market Cap $81mm 52 hi/low .08/.03
HEMP is highly diversified doing ‘research and development on all things hemp.’ The Company has about $2 million in revenue that appears to becoming from the sale of stock it owns in other companies. The footnotes include a comment that the company owns 10 million MJNA shares.
TRTC (OTCBB)
PPS $0.22 Avg Vol 1.2mm I/O 189mm
Float 48mm Market Cap $43mm 52 week hi/low .75/,23
TRTC acquired an agricultural equipment company ostensibly specializing in equipment for Marijuana growing. The acquired company contributes to a total consolidated sales of approximately $2 million annually.
GRNH (PINK)
PPS $0.09 Avg Vol 1.3mm I/O 203mm
Float 81mm Market Cap $19mm 52 week hi/low .32/.09
GRNH specializes in the ‘best’ gardening equipment for marijuana. The ‘best’ is based on a ‘proprietary’ technology. However, the company has negligible sales.
MCIG (OTCBB)
PPS $0.13 Avg Vol 1.2mm S/O 270 mm
Float NA Market Cap $35 mm 52 week hi/low .10/.92
MCIG is an e-cig company now specializing in the cannabis space. The Company has $370k in annual sales.
ALGA (PINK)
PPS $0.08 Avg Vol 55k I/O 33mm
Float 5mm Market cap $2.6mm 52 week hi/low $1.15/.05
ALGA’s core business today is growing cannabis (hemp and marijuana). The company has it’s first two grow operations (one each hemp and marijuana). ALGA, similar to MJNA, is piloting a number of potential cannabis related products and services. The difference between ALGA and MJNA is that ALGA is piloting the potential products organically while MJNA is acquiring pilot companies.
