(TRTC:OTC)
Terra Tech is a holding company with a portfolio of investments focused on cannabis agricultural assets in the THC market and the research, development and commercialization of cannabinoid-based products.
TRTC has been spiking in anticipation of a conference call discussing earnings since 10/30. The call is supposed to take place after market hours so this wouldn’t be good to hold over the weekend., because this is a buy the rumor sell the news type situation. That being said TRTC might provide a nice dip buy on monday if it panics hard. This is a weed play. TRTC, in 2019, signed a purchase agreement to acquire mystic’s assets, which is related to the cannabis industry, this agreement is now taking place. The weed sector could be getting hot again. This is also the first red day so this could very well open up with a morning spike. If TRTC continues to breakout, it could test 6 months highs @ $0.16 and we could see a breakout past this point as well. Support can be found @ $0.1004. This could be a nice dip buy level.
(MJNA:OTC)
Medical Marijuana, Inc. ( MJNA ) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by Kannaway® and HempMeds® ; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners including AXIM® Biotechnologies, Inc . and Kannalife, Inc .
This is a large float weed play. One of their subsidiaries expanded into cannabinol(CBN), which I believe is just hemp. MJNA was the first publicly traded weed play. This is the OG of weed plays which explains why Sykes held overnight. I was tempted to jump in but I chose to stay disciplined and I’m certain I can still profit off of this play. I’m looking for the morning spike & a potential 2nd green day as weed plays are back in the hot sector.
(CBGL:OTC)
a cannabinoid and hemp extract science-forward company developing unique infusion technologies and products
A new director has been appointed and has received 400,000 shares of the company to try to promote the company. I believe the new director has great incentive to do so. This play has been illiquid lately but has spiked with volume in 2019.
The recent news for this company seems interesting. CBGL is filing for a patent for new class revolutionary nano-CBD.
This news is also interesting. I believe this is saying that they have a faster and cheaper way to test the potency of the type of THC/CBD products you would see in vending machines. I’ll just be watching this play to see if any action starts to come in.
Just before the market closed there was a big buyer that caused the stock to go up. I’ll definitely be watching this on Monday for a morning spike. CBGL might set itself up for a first green day.
11/09
(SNDL:NASDAQ)
Sundial is a licensed producer that crafts cannabis using state-of-the-art indoor facilities.
Announced that they have entered into a sales & distribution agreement with Choklat Inc, which together will launch cannabis infused confectionary brands.
I’ll be waiting for SNDL to set the low. Before this spikes big again it could drop at the open. I’ll be watching this weed potentially profitable weed play. In the premarket SNDL seems to bounce off the $0.50 area so I’ll watch that level for the bounce.
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