SOLID CONTROLS INC COM STK USD0.05 (OTCMKTS:SLDC) is a penny play that has started to garner attention as the stock bounces up the chart. SLDC’s most recent catalyst is its update regarding the new strategic focus in the rapidly expanding market for organic medical cannabis and related products. According to the release, SLDC is headed by a highly experienced horticulturist with 30 years of experience. Management also noted in the release that SLDC currently has eight strains of organic medical cannabis.
John Stovers, President and CEO of SLDC, stated, “We plan to grow with integrity and a commitment to our patients to produce the highest quality medication possible. We are focused on quality over quantity and aim to meet the growing demand for premium medical cannabis from patients looking for certified organic products that are free from all contaminants.”
SOLID CONTROLS INC COM STK USD0.05 (OTCMKTS:SLDC) bills itself as a company that grows organic medical cannabis, in soil, without the use of chemicals.
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According to management, “We envision a future where hemp is a staple in diets, and cannabinoids are the source of medicines that are used to conquer some of the most debilitating diseases in the world. We endeavor to share our resources by integrating our knowledge with doctors and health institutions, providing long-term, profitable career opportunities, and sharing improvements with our industry in order to build a mutually beneficial cornerstone in a growing industry.”
As noted by SLDC materials, “Solid Controls Inc. (SLDC) intends to be a grower of organic medical cannabis, in soil without the use of any chemicals. The Company currently has eight strains of organic medical cannabis. Solid Controls Inc. is based in St. Louis Park, Minnesota.”
In all, traders will note nearly 210% during the past month in terms of shareholder gains in the name. The situation may be worth watching. SLDC has a track record that includes a number of dramatic bounces. Furthermore, the company has seen an influx in interest of late, with the stock’s recent average trading volume running 21% above the average volume levels in play in this stock over the longer term.
According to SLDC’s recent release, “Solid Controls will exclusively grow organic medical cannabis, in soil without the use of any chemicals with each stage of the growing process tended by hand. From planting to packaging, each strain takes five months to produce, overseen by skilled and knowledgeable growers. This process will replicate outdoor growing conditions in a controlled indoor environment and produce the highest quality product. This all-natural process also means that irradiation and cold pasteurization are not required to ensure purity….Going-forward, Solid Controls plans to develop and approve additional proprietary organic strains of medical marijuana. SLDC is also currently developing a range of cannabis oils for use in numerous potential applications. Additionally, the Company plans to initiate preclinical studies necessary to potentially launch multiple clinical trials in 2018.”
Being the new player in the medical cannabis space could be a continued boon for shareholders of SLDC. As we have pointed out ad nauseum here, the global market for legal/regulated cannabis is enormous and this ‘Green Rush’ shows no sign of slowing down. SLDC cites recently published cannabis market research showing that by 2020, North American marijuana sales are expected to surpass $21.0 billion with global markets expected to reach $140.0 billion.
In their communication, SLDC says they will respond to this growth trend by expanding their own operations in step: “As overall demand increases and marijuana laws continue to liberalize, Solid Controls will seek to expand its position around the globe.”
At this time, carrying a capital value in the market of $597,200k, SOLID CONTROLS INC COM STK USD0.05 (OTCMKTS:SLDC) is pretty much a clean slate on the financial side: virtually no cash on the books, which compares with virtually no total current liabilities. The company is also basically pre-revenue at this point. We will update the story again soon as developments transpire. For continuing coverage on shares of $SLDC stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $SLDC, either long or short, and we have not been compensated for this article.