RushNet Inc (RSHN)

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The Inside Scoop on Rushnet Inc (OTCMKTS: RSHN)

BY DAVE YOUNG ON NOVEMBER 9, 2018 MEDIA & TECHNOLOGY, MICRO CAP INSIDER, STREET WATCH

Rushnet Inc (OTCMKTS: RSHN) saw a spectacular move up earlier this year from a start point of triple zeros to highs of $0.008 per share. The stock is a volume leader that has attracted a large shareholder base who sees big things happening here.

The Company operates in the booming CBD space; research has cited tremendous growth including Hemp Business Journal, an industry market research publication which projects that the CBD market will reach $2.1 billion by 2020. CV Sciences’ vertically integrated process allows for Full Traceability – From Seed to Shelf™ and ensures product quality and safety for its complete line of finished products.

Rushnet Inc (OTCMKTS: RSHN) is an exciting company that has made a number of important acquisitions in the booming CBD space. The company is a edibles and beverage based company with stand-alone products, including most enhanced with CBD. Rushnets products include pristine mineral water enhancement and organic CBD. The Company is led by Frank Deangelo who used to be CEO of Applejam, Inc. which was one of the world’s largest restaurant franchises which he grew to having over $120,000,000 in sales with over 2500 employees before selling it.

Rushnet has a JV with XYZ Hemp, a vertically integrated soil-to-shelf Industrial Hemp Cultivation and processing project. The project is on schedule to fulfill its existing orders, which exceed $2,000,000. The JV includes the expansion of existing operations to meet the growing demand for these unique products. Those facilities are located, in major part, at 3573 G Road and 3531 G Road in Palisade, Colorado. Equipped to produce the highest quality, soil-to-shelf CBD and broad-spectrum cannabinoid products available, these state-of-the-art facilities combine cultivation, drying and curing, CO2 extraction, and post-extraction refinements. The same facilities and scientific team will be instrumental in the production, processing, and bottling of KnockoutPunch™, Awater™ and Ewater™, KOpunch™ and KO™. Additionally, the future CBD and non-CBD (ginseng) beverage production will be produced at the same facility or a second facility in the Steamboat Springs area, which is approximately 150 miles away.

Rushnet owns a partial interest in a 15-acre grow and extraction operation with Western Sierra Resource Corporation (WSRA) who recently announced its 12-month revenue forecast of $15.6 million. The Company’s robust October harvest of more than 15 acres of high-quality hemp should yield $12,600,000; this forecast is based on published wholesale pricing at 2 cents per milligram of “CO2 extracted” full spectrum CBD. The additional “terpene” harvest that CO2 extraction allows will add an additional $750,000 in value-added revenue. Extraction services revenue @ $90.00 per pound will yield in cash or oil-exchange an additional $2,250,000. An extraordinary line of full spectrum CBD infused jams, tinctures, capsules, balms, salves, lotions, and beverages has been developed, and new products are being consistently introduced and readied for manufacture. This $15.6 million forecast does not include the retail revenues anticipated from increasing demand for existing products; or potential sales revenue from newly formulated full spectrum products soon to be unveiled.


Earlier this month Rushnet announced a joint venture with Dr. Stuart Miller for a new and exciting product and process – A revolutionary delivery system for CBD that will provide rapid absorption, better bio-availability and greater tolerance – the Nano CBD Delivery System.

Earlier this month Rushnet along with Apple Rush Company, Inc. and XYZ Hemp Inc jointly announce CBD enhancement beverage testing. The companies announce that they will commence immediate CBD enhancement, testing, taste evaluation of Apple Rush’s four hot selling beverages and of beer products distributed by Florida Brewery Co. Inc. Its sister facility in Palisade, Colorado, is focused on charging the beverage with full-spectrum CBD (not just CBD isolates), with an emphasis on taste maintenance.

Dr. Richard E Goulding, Chairman of the Board and Chief Medical Officer of both RushNet and XYZ Hemp Inc. stated, “The three companies have forged a joint production and marketing initiative to cover beverages and other products while maintaining the quality and taste unique to Apple Rush products and those of Florida Brewery Co. Inc., manufacturer and distributor of domestically and internationally distributed beers, while utilizing pristine water and the benefits of choice CBDs.”

On November 7 Rushnet and XYZ Hemp Inc jointly announce acquisition of GreatRateFreight, Inc. (GRF). While GRF was acquired by RushNet, XYZ Hemp will enjoy a portion of revenues and will contribute to its success. GRF is geared to provide two major sources of revenue for the companies. Its target audience is the 7,000,000 truckers in North America. CDL Life will run an editorial spotlight to be released within the next two weeks. CDL Life has a following of more than 3,000,000 truck drivers and enjoys an overall footprint exceeding 20,000,000 monthly views. CDL Life has invited GRF to be its in-house load board, making GRF its only approved sponsored partner in the load board world. Additionally, I am being interviewed next week, on WGN radio, AM720, to discuss this ambitious endeavor, as part of a program entitled ‘On the Road with Dane Neil’. The schedule for airing of that interview will be disclosed very shortly, by twitter release.”

Defining the target market, Mr. Balandrin explained, “Of the 7,000,000 truck drivers in North America, 350,000 to as many as 500,000 are independent or owner operators. We are targeting the most common profession in North America, by far.

Currently trading at a $17 million market valuation Rushnet is an exciting Company making big moves in the booming CBD space. Rushnet has several exciting projects including the JV with XYZ Hemp, a project scheduled to fulfill its existing orders, which exceed $2,000,000 as well as a partial interest in a 15-acre grow and extraction operation with Western Sierra Resource Corporation (WSRA) who recently announced its 12-month revenue forecast of $15.6 million. There is huge demand for RSHN here, more than most penny stocks could dream of, if they can reach an agreement with debt holders big things could happen here. We will be updating on RSHN when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with RSHN.

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