Bulls have Pushed out the Bears in Dakshidin Corporation (OTCMKTS:DKSC)

Bulls have Pushed out the Bears in Dakshidin Corporation (OTCMKTS:DKSC)


Dakshidin Corporation (OTCMKTS:DKSC) has been trading at a torrid pace since mid-December 2018. There are some important drivers for this change in price sending the stock from $0.0003 to currently at $0.0039. First, the company announced a worldwide licensing agreement with Genbio through its wholly-owned company, Whitechapel Holdings, for their proprietary KDD30 Formulation. The formulation was announced to be infused with Whitechapel’s CBD line for a new product line called “Green Dart.”

“This product will be a game changer not just for DKSC but in the industry. This industry is rife with products that make outlandish and unsupported claims about their effectiveness. We have a large body of verifiable science behind this product in addition to numerous studies performed by world-renowned scientists and research institutions. We hope to start trials later this month and release the product in Q2.”

Dakshidin Corporation (OTCMKTS:DKSC) core business revolves around the acquisition of companies engaged in renewable and sustainable energy markets. The company also produces and sells water pumping windmills across the U.S. The company is also diversifying its business by expanding into the cannabis sector.

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Additionay, DKSC announced the purchase of a “ready to grow” property in Mendocino, California. According to the release, the property features fenced-in gardens with high-quality fertile soil, irrigation systems, and water tanks along with a high-output underground well that is capable of supplying more than enough water for irrigation purposes and currently cultivates 99 outdoor plants. Additionally, the property is licensed for two 10,000 sq. ft. greenhouses, each of which can hold up to 650 plants, and unlike outdoor plants, may yield at least 2 harvests per year (outdoor plants yield just one harvest per year).

Dakshidin CEO Chris Haigh stated, “This represents a very significant step forward and will allow the company to develop proprietary plant strains that will help increase the effectiveness of its current and future product lines. The company’s customers are for the most part 45+, who are now beginning to realize that cannabis can be very effective for the ailments that affect many of us as we get older. In fact, for many, the benefits of THC based products are greater than side-effect laden pills, immunization shots, and tinctures that most doctors prescribe.”

Dakshidin Corporation (OTCMKTS:DKSC) is a sub-penny player in the growing CBD space. In conclusion, the company is a shell corporation on the pink sheets, so this is big boy rules. Volume has been very high here at 25.44M on average, but be prepared to get out quick if you buy in as these news drivers can look pretty empty when they don’t lead to sales. Sign-up for continuing coverage on shares of $DKSC 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 $DKSC, either long or short, and we have not been compensated for this article.