Geometry Dash APK Hill Climb Racing APK
87.2 F
New York
Monday, August 8, 2022

Eco Science Solutions Inc (OTCMKTS:ESSI) Continues to Defy Gravity

Must read

How Does Tilray Inc (NASDAQ:TLRY) Measure Up?

One stock that is on everyone’s radar today is Tilray Inc (NASDAQ:TLRY). The company made history yesterday by being the first full-fledged US cannabis...

Gopher Protocol Inc (OTCMKTS:GOPH) Answers the Bears with a Blockchain Move

A stock that has been in a steep corrective wave, but still retaining “buzz potential” and a tight float is Gopher Protocol Inc (OTCMKTS:GOPH)....

CTT Pharmaceutical Holdings Inc (OTCMKTS: CTTH): The Next Bite for Aurora Cannabis Inc (OTCMKTS:ACBFF)

If you’re wondering where the next Aurora-Cannabis-is-buying-everything grenade was going to detonate, then look no further: it’s CTT Pharmaceutical Holdings Inc (OTCMKTS: CTTH). The company...

Breakout Watch for Gopher Protocol Inc (OTCMKTS:GOPH)

Gopher Protocol Inc (OTCMKTS:GOPH) has been working very hard to break higher in recent action, with shares pushing above its early March highs to...

Eco Science Solutions Inc (OTCMKTS:ESSI) is a penny play that has maintained a vice-like grip on the consciousness of the OTC trading crowd since mid-August. The excitement comes largely as a consequence of a very aggressive promotional campaign by the Money Street powered allegedly by a “weekly advertising budget ranging from approximately $25,000 to $150,000 to cover the costs associated with creating, publishing and distribution of advertisements.”

The return on that investment has been an incredible launch of about 600% in ESSI share prices. We covered this stock a few weeks ago, concluding at the time that it was a great deal of icing with very little cake underneath. But we want to take another look under the hood here, particularly as they have some viable operations in the cannabis patch at a time of tremendous growth speculation for the space.

Eco Science Solutions Inc. (OTCMKTS:ESSI) is “a technology-focused company that provides solutions for the health and wellness industry. From enterprise software solutions, entertaining and useful content generation for mass distribution to consumer apps for daily use, the Company develops technical solutions that empower enthusiasts in their pursuit and enjoyment of building eco-friendly businesses and living healthy lifestyles.

Eco Science’s core services span business location, localized communications between consumers and business operators, social networking, educational content, e-commerce, and delivery.

The Company’s licensed e-commerce platform enables health-and-wellness enthusiasts to easily locate, access, and connect with health-and-wellness businesses and like-minded enthusiasts, and to facilitate the research of and purchasing of eco-friendly products … anytime, anywhere.”

Find out when $ESSI reaches critical levels. Subscribe to Right Now by entering your Email in the box below.

The hard facts here haven’t really improved a whole lot. This is still a company with a somewhat amorphous business model, just $837 in assets, no revenues and no likely revenues coming on the horizon in any manner, a ton of debt carried on the books, and a run rate of losses of nearly a million bucks per quarter. In addition, the stock just got smacked with the dreaded skull and crossbones on

So, what do they do, really?

We did a lot of digging on this one, and here’s what we found: In reality, the company has produced and “shipped” two apps: the Fitrix app and the Herbo app. It also advertises something called “Phion” on its web page. But with a little digging, we found that Phion is wholly owned as an LLC by a few folks in Arizona, and ESSI shareholders do not benefit from sales of Phion other than through branding association in a basic sense.

So, it’s really the apps that represent tangible value. Specifically, it’s the Herbo app.

As we noted in our last update, the Fitrix app isn’t a material factor. It’s an actual app. We downloaded it. It is not the result of a genuine effort to add value in the fitness space. For example, one of the main features is a button called “Goals”. If you tap it, you get a digital pad of paper onto which, presumably, you are to type in your goals.

But the Herbo app is of value. It’s a mapping app with every location selling anything that has anything to do with weed or paraphernalia or vaping or anything vaguely even tangential to the discerning stoner’s needs at a given time. It’s nicely color-coded and clearly useful.

In addition, the company has a version of the Herbo app called the Herbo Gift Card Wallet. It is not a crypto-currency exchange mechanism. It is simply a gift card wallet. You can make purchases with it in the same manner that you can make purchases with anything else.

It’s a little hard to find anything else associated with this business that offers any tangible clue to its ultimate value proposition to either consumers or shareholders. Certainly, vaguely worded overtures on the value of “naturopathic wellness solutions” aren’t going to mop up that quickly growing pile of debt.

As we noted last time, we believe this one is a concerning play, but if it does have something going for it, it’s this: ESSI has thousands of weed-related data points logged on its mapping service (“Herbo”) in the state of California, and Californians are just about to go to the ballot box in 4 weeks and probably vote to legalize recreational marijuana in the state.

At this time, carrying a capital value in the market of $48.6M, ESSI has virtually no cash on the books, which must be weighed relative to an appreciable load ($510.29k) of total accumulated debt. Furthermore, the name has benefitted from a jump in recent trading volume to the tune of above 320% beyond its prior sustained average level It pays to take note of this fact with the stock trading on a float that is very limited at just 9.37M shares. Prospective shorts are wise to respect the dynamic this may create — ramping trading activity can overwhelm available supply in a stock with this type of small float, leading to an upward burst in prices.  For continuing coverage on $ESSI and our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service