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Sunday, March 21, 2021 1:51:13 PM
High-growth FUAPF (GCAC - Global Cannabis Applications Corp., also traded in Canada: APP, as well as in Frankfurt/Germany) took a breather like all tech and cannabis stocks over the past couple of weeks. But last week we received major news and developments about FUAPF. FUAPF shares didn't have a real selloff, but are basically unchanged at $0.21 in the U.S. (cdn$0.26 in Canada). There was some volatility though. Also, in order to increase shareholder value the company reduced their outstanding shares by over 13 million shares.
We expect to see a double (+100%) soon here, IMO. More interesting though, IMO, is the gigantic 50x upside potential in FUAPF. This estimate is based on the company's published and expected annual revenue of at least cdn$48 Million up to approx. cdn$74 Million within the next few years. The company and its CEO explained the revenue growth and acceleration in detail. The other day, the company released a new Investor Deck (these links may not work on all PCs, phones, tablets, etc. ... just give it a try or search for it): https://cdn-ceo-ca.s3.amazonaws.com/1g593bs-GCAC-+IR+MARCH+18+FINAL+V.2.pdf ( or download it here: https://cannappscorp.us13.list-manage.com/track/click?u=5c33ba56923de88003b592b74&id=9d5670fe20&e=0f01d1e58d )
Last week, GCAC (FUAPF) CEO Brad Moore was the keynote speaker at the "Emerging Growth Conference" and he gave an excellent and very extensive video presentation about the company's unique and leading cannabis technology like Efixii, which now has also a Covid testing feature:
With FUAPF we have a genuine high-growth company and stock at hand. This means less trading effort and more long(er) term investing. For those traders/investors who want to, it can't hurt to lock in profits after a quick 100-200% run to the upside, but it's important to buy back the pertaining shares/position quickly during consolidation or correction phases. You don't want to miss out on major upward moves in this stock.
Obviously, the stock is in a strong upward trend as it gained +2,300% over the past 7 months and/or +1,933% over the past 6 months. During that period, it has been one of the best-performing stocks in the market in general. We're mostly interested in the longer-term growth of potentially +5,000% within the next few years.
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