BLUE DIAMOND VENTU COM STK NPV (OTCMKTS:BLDV) Looks To Build Off New...

BLUE DIAMOND VENTU COM STK NPV (OTCMKTS:BLDV) Looks To Build Off New Contract

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BLUE DIAMOND VENTU COM STK NPV (OTCMKTS:BLDV) has been on quite a ride. BLDV blasted higher back in April, rocketing nearly 2,000% in just a couple weeks as the company really hit the cannabis scene hard with new plans and partners. The result in the aftermath has been a grinding decline that has halted at the rising 200-day simple moving average. This week, the company finally hit the wires with something that has provided a breath of upward action in the form of its announcement that it has received a signed Letter-of-Intent and $25,000.00 deposit from Quality Green Inc. to provide a build-to-lease building for cannabis cultivation.

Apparently, this project is part of the newly expanded Innovative Growth Group Fund (Previously Michigan Growth Fund) that plans to build multiple buildings in the USA and Canada over the next 18 months. “Blue Diamond provided us with a package that will allow continued expansion to meet the surge in the Canadian market,” said Andrew Spasiw, CEO of Quality Green Inc. “That, combined with access to the Blue Diamond’s network of technology and strategic partners, make it a powerful relationship.”

BLUE DIAMOND VENTU COM STK NPV (OTCMKTS:BLDV) frames itself as a development stage company incorporated under the laws of the state of Colorado.

Blue Diamond Ventures, Inc. offers startup companies a wide array of services. “Our experience provides services ranging from corporate formation to sales and marketing. Our knowledge and abilities to provide sound corporate governance and guidance are as diverse as the industries and marketplaces we operate in.“

Through a vast network of strategic partnerships, public and private alliances and real-world practical business experience Blue Diamond Ventures, Inc. is a valuable resource to companies in all stages of development.

According to company materials, “Blue Diamond Ventures, Inc. seeks to partner with individuals and companies that share a common synergy, mission, and vision to enable products/services that are produced, delivered and consumed utilizing fewer natural resources, providing a sustainable alternative to traditional products on the market today. As a diversified customer centric Management / Holding Company; Blue Diamond Ventures, Inc. seeks opportunities in various markets and is driven by critical thinking and the scientific method.”

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As noted above, shares of BLDV got a little bit of a spark in Wednesday’s action, but the move was quickly faded by traders, which itself is quite interesting.

“We have adopted the model of IIPR (Innovative Industrial Properties) for our fund,” says Josh Alper, CEO of BLDV. “The terms for the triple net lease will be modified for the Canadian Market, but the basic structure remains the same.” The securities firm of Trowbridge and Sidoti will be preparing the documents for the offering. “This project was made possible in part due to the activities of Joe Groleau from AMS, a recent addition to the BLDV advisory board,” continued Alper. “The revenue stream to BLDV will consist of lease payments, construction management fees, and project coordination fees, this one project will generate over $200K in fees while creating a nearly 15% return to investors in the fund.”

Recent action has seen 21% added to share values of the company over the past month of action, a rally that has pushed up against longer standing distributive pressure in the stock. The situation may be worth watching. BLDV has evidenced sudden upward volatility on many prior occasions. What’s more, the listing has benefitted from a jump in recent trading volume to the tune of 64% above the average volume levels in play in this stock over the longer term.

At this time, carrying a capital value in the market of $8.1M, BLDV has virtually no reported cash on the books, which compares with about $256K in total current liabilities. The company has posted nominal sales over the past year. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $BLDV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: We hold no position in $BLDV, either long or short, and we have not been compensated for this article.

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