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Sunday, March 21, 2021 1:51:19 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.
Recent APP News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/13/2024 11:57:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 10:03:42 PM
- Interest Rate Optimism May Lead To Continued Strength On Wall Street • IH Market News • 05/10/2024 01:09:01 PM
- U.S. Stocks Move Mostly Higher, Dow Extends Winning Streak To Seven Days • IH Market News • 05/09/2024 08:48:05 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/09/2024 08:19:15 PM
- Airbnb Stocks Drop 8% Amid Bleak Outlook; Bumble Surges 14% on Global Download Rise, and More in Earnings • IH Market News • 05/09/2024 11:56:30 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 09:01:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:07:38 PM
- AppLovin Announces First Quarter 2024 Financial Results • Business Wire • 05/08/2024 08:05:00 PM
- U.S. Futures Slightly Dip Amid Corporate Earnings and Quiet Economic Calendar, Oil Prices Fall • IH Market News • 05/08/2024 12:29:17 PM
- Adjust Unveils Mobile Analytics Solution Powered by AI, Advanced Machine Learning to Uncover Incrementality • PR Newswire (US) • 04/17/2024 12:07:00 PM
- AppLovin to Announce First Quarter 2024 Results • Business Wire • 04/03/2024 08:05:00 PM
- AppLovin and Flip Announce Flip To Launch Ad Marketplace for Merchants Using AppLovin’s AXON Technology • Business Wire • 04/02/2024 12:30:00 PM
- Wurl Launches BrandDiscovery to Precisely Match Connected TV Ads With the Emotion and Context of Programming in Real Time • Business Wire • 03/26/2024 01:00:00 PM
- /C O R R E C T I O N -- Adjust/ • PR Newswire (US) • 03/18/2024 11:55:00 PM
- Adjust and AppLovin Unveil Winning Framework For Mobile Gaming Studios And Marketers To Ride App Growth Momentum • PR Newswire (US) • 03/18/2024 02:08:00 PM
- Adjust Integrates Google Play Games on PC, Unlocking Cross-Device Marketing Opportunities For App Developers • PR Newswire (US) • 03/12/2024 04:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 10:04:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:26:16 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:24:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 10:20:58 PM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 03/04/2024 10:01:39 PM
- AppLovin Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase • Business Wire • 02/29/2024 12:47:00 PM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 02/29/2024 12:40:11 PM
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