Geometry Dash APK Hill Climb Racing APK
55.3 F
New York
Tuesday, December 6, 2022

What’s Behind the Launch of For The Earth Corp (OTCMKTS:FTEG)?

Must read

Is Tilray Inc (NASDAQ:TLRY) Stock a Good Buy After The Recent Fall?

The cannabis sector may have had a hard time not too long ago but over the course of the past months, the...

Sysorex Inc (OTCMKTS:SYSX) Stock Still Riding Big News

Investors are always drawn to stocks that make a big jump out of nowhere. So it's no surprise that Sysorex Inc (OTCMKTS:SYSX)...

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

Probably the most interesting move on the OTC on Monday was the explosion higher in For The Earth Corp (OTCMKTS:FTEG). The catalyst appears to be the company’s announcement of its transition toward a vertically integrated CBD production and retailing business model. This is definitely a stock to watch here given the strong growth we have noted as laying in front of companies in this space this year and over the next three years. The CBD growth theme may really be in its infancy at this point. So, any company shifting aggressively toward a more intense and concentrated focus on this space deserves some attention.

To that end, FTEG just put forth a letter to shareholders that was quite revealing as far as the company’s plans looking forward. According to the release, “Our vision matches up with our financial reality and our market opportunity analysis in a very compelling manner, and we couldn’t be more excited as we look ahead at coming quarters. Today, I would like to outline that vision, what we are doing about it, and how we plan to frame that message to the marketplace. The CBD market is expected to grow by enormous multiples over the next three years. According to our analysis, we can maximize our shareholders’ ability to benefit from that growth as it blossoms by establishing ourselves as an integrated vertical CBD organization now.”

For The Earth Corp (OTCMKTS:FTEG) bills itself as an emerging integrated CBD producer and retailer in the United States.

The Company is in the process of establishing a vertical framework that will extend from cultivation to extraction and production to a strategic retail footprint that includes multiple locations in Las Vegas and New York featuring mall kiosks, vending machines, e-commerce, and full store locations serving both the human and pet CBD markets. Two mall leases have been signed recently in Las Vegas, with another vending machine location secured in New York City.

The Company plans to expand its New York vending machine penetration by the end of 2019. In addition, the Company has begun early-stage work to establish a state-of-the-art CBD extraction and production facility in Eugene, OR.

In the past, the company has defined itself in terms of laundry detergents, household cleansers, fabric softeners, dryer sheets, dishwashing detergents, and other cleaning products under its own and private label in retail chains with an environmentally “green” message.

It also has provided “Litter To Go”, a disposable cat litter box made from corrugated material that contains ready-to-use litter; and “What Odor?”, a biodegradable and non-toxic odor-eliminating spray, as well as other pet supplies, including treats and toys, stylish feeders, and odor/stain-eliminating solutions.

However, at this point, the company would appear to be very committed to the path of an integrated CBD producer and retailer, which seems like a far more potent growth opportunity.

The company was formerly known as Medjet Inc. and changed its name to For the Earth Corporation in January 2011. For the Earth Corporation was founded in 1993 and is headquartered in Phoenix, Arizona.

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

As noted above, FTEG just put forth a letter to shareholders that was quite revealing as far as the company’s plans looking forward.

Recent action has seen 250% added to share values of the name over the past week of action. Furthermore, the company has registered increased average transaction volume recently, with the past month seeing just under 500% above its longer-run average levels.

The CEO went on to note: “As our recent press releases demonstrate, we have already begun to carve out our retail footprint by establishing a variety of transaction points with the end market consumer, including mall stores, mall kiosks, vending machines, and e-commerce storefronts, with physical locations in both Las Vegas and New York City, where our research suggests there is already a high ratio of knowledgeable consumers interested in CBD products. On the other side of the equation, we also plan to put in place our own production process, which is an essential piece of the puzzle for an integrated go-to-market CBD model. Expect many related details to be released over the coming period.”

At this time, carrying a capital value in the market of $3.95M, FTEG has a bankroll ($137K) of cash on the books, which must be weighed relative to about $2.1M in total current liabilities. FTEG is pulling in trailing 12-month revenues of $2.5M. However, the company is seeing declines on the top-line on a quarterly y/y basis. As more color becomes clear on the name, we will review the situation and update our take. Sign-up for continuing coverage on shares of $FTEG 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 $FTEG, either long or short, and we have not been compensated for this article.

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