Bayport International Holdings Inc. (BAYP)

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BUSINESS/APRIL 7, 2017
Bayport International Holdings Inc (OTCMKTS:BAYP) To Secure Capital For Acquisitions
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Bayport International Holdings Inc (OTCMKTS:BAYP) has been fluctuating in the stock market, over the last 1-month. The stock is currently trading at an inter-month high of $0.0002 per share and is expected to continue with this trend, in the near future. This is mainly due to the fact that the company has been quite irregular with its updates, which has resulted in some uncertainty around the stock. Bayport last issued a press release on March 15, 2017, when it announced that it is working to secure financing, for its development projects and possible acquisitions.

BAYP is a relatively new entrant in the rapidly growing cannabis industry. However, the company has rapidly made progress, in the last few months, to strengthen its position. One of Bayport’s major assets, is its online platform, WeedWiser.com. The company has recorded growth in the number of daily users, since November 2016. Bayport has claimed that it is ready to execute the next phase of its development, during the FY2017. As such, the company is interviewing additional personnel, which can help the company’s platform, grow further.

In addition to this, Bayport has also revealed that it is working to complete its new mobile app, as part of the WeedWiser platform. The management has stated that the next 90-days would be crucial for their aggressive growth. In its press release, BAYP had promised to produce updates on the upcoming acquisitions and updates to its platform, in the short-term. Unfortunately, there has been no update on either, as yet.

Earlier, the company also re-domiciled its corporate charter, to the state of Colorado, in accordance with its rapid growth in the legal cannabis industry. Clay Franks, the President of BAYP, clarified that the move was largely based on the legal cannabis industry. He further reaffirmed that this would allow them to further their acquisition plans, within the industry. Currently, WeedWiser continues to be the leading product, for the company, which it intends to capitalize on through publications, advertising and marketing.

http://mmjreporter.com/bayport-international-holdings-inc-otcmktsbayp-to-secure-capital-for-acquisitions-3223.html