38.9 F
New York
Sunday, January 17, 2021

Arcturus Growthstar Technologies Inc (OTCMKTS:AGSTF) Well Positioned in FL

Must read

Critical Update: HUMBLE; Tesoro Enterprises, Inc. (OTCMKTS:TSNP)

Over the course of the past week, the rally in Tesoro Enterprises, Inc. (OTCMKTS:TSNP) has been one of the most eye-catching ones...

American Battery Metals Corp (OTCMKTS:ABML) Hits New High On Critical Milestones

The lithium-ion battery sector has been in focus in the markets for quite some time now, and the latest company to have...

Every Financial Professional Needs A CamScanner APP

Paid Advertisment: The job description of a financial professional demands a great level of...

Strikeforce Technologies Inc (OTCMKTS:SFOR) Surges as SafeVchat Goes Live On December 18th

The stock market has been on a bit of a tear in recent days and many companies have seen their stocks soar...

Arcturus Growthstar Technologies Inc (OTCMKTS:AGSTF) has been performing bullishly boosted by reports that it has signed a Letter of Intent to acquire a 10-acre operating greenhouse in Florida, which is in a designated zone to legally cultivate, process and dispense cannabis. Tuesday’s vote is obviously highly operative here. This company was well positioned to benefit from a positive result in the FL medicinal marijuana vote, and it got just that.

According to the company’s release, “the Greenhouse fits Florida’s stringent criteria for agricultural farmers looking to manufacture Cannabis which, under the current law, applicants had to have been in business in Florida for at least 30 years and grow a minimum of 400,000 plants at the time they applied.”

Arcturus Growthstar Technologies Inc (OTCMKTS:AGSTF) trumpets itself as a leading indoor plant growth technology company specializing in LED lighting and vertical farming solutions. AGT’s business model includes developing and acquiring technologies that will further its position as a leader in the evolving Controlled Environment Agriculture (CEA) market for the global production of various types of plants.

The Company holds a worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generate yields up to 10 times greater per square foot of land. The contained system provides many other benefits including seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability.

The Company’s business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants. Arcturus provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment.

The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generate yields up to 10 times greater per square foot of land.  The contained system provides many other benefits including seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability.

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com which caters to B2B customers is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com which caters to both large and small agriculture greenhouses and controlled cultivation centers.

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

“This is a major milestone for Arcturus and positions us for tremendous growth for years to come,” says Mr. William Gildea, Arcturus Growthstar Technologies, Inc.’s CEO and Chairman.  “With this acquisition, Arcturus is potentially positioned as one of the public sectors first movers into Florida’s cannabis market.” Mr. Gildea continues, “This acquisition is in the designated legal grow zone with close proximity to Orlando, which has a local population of almost 2.5 million and attracts over 62 million visitors annually, making it a prime location.

Shareholders will be excited to know that the farm is much more than a “Zoned for Cannabis” piece of land, but a fully operational greenhouse business already in full production.

The chart shows 53% added to share values of the company over the past week of action. Market participants may want to pay attention to this stock. AGSTF has a history of dramatic rallies. Furthermore, the company has seen interest climb, with an increase in recent trading volume of 43% beyond its prior sustained average level. This should not be overlooked due to the tiny float size in the stock (of 15.8 mln shares). One is wise to respect the dynamic this may create — a restricted trading float and a jump in trading volume can crimp supply and push share prices higher.

Now commanding a market cap of $11.5M, AGSTF has almost no cash on the books, in a pool of total assets of nearly $940K, which is balanced by de minimus total accumulated debt. Given that the letter of intent was already signed, we need to see the financing aspect fall into place for the new greenhouse. With the shift in legal standing, we would assume there will be partners in waiting. But we will be watching for more details in this exciting story, and will bring them your way as events dictate. For continuing coverage on shares of $AGSTF stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

Latest article

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...

Data Storage Corp (OTCMKTS:DTST) Gets Sudden Attention: What’s The Buzz?

One of the stocks to have made significant gains this week was that of Data Storage Corp (OTCMKTS:DTST). The Data Storage Corporation...

A Closer Looks at American Battery Metals Corp (OTCMKTS:ABML) Developments

American Battery Metals Corp (OTCMKTS:ABML) is one of the stocks to have been in focus among investors over the course of the...

Why is Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) In a Bearish Trend?

The Bitcoin rally over the past weeks has taken the crypto space by storm. However, it should not be forgotten that Ethereum,...

Curaleaf Holdings (OTCQX:CURLF) Continues to Hit New Highs: Next Move?

The cannabis sector has had its ups and downs over the last year, but there are certain stocks that are almost always...