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Monday, January 17, 2022

Pop Goes Liberty Health Sciences Inc (OTCMKTS:LHSIF)

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One OTC stock that just exploded higher on Thursday was Liberty Health Sciences Inc (OTCMKTS:LHSIF) with shares breaking sharply above recent range highs and the 50-day moving average on a monster volume day. The main catalyst was the company’s earnings, which we will cover in a different piece. But we want to also point that the company just announced that it will open its 19th and largest Florida dispensary in Pensacola, subject to approval from the Florida Department of Health.

According to the release, “Located at 7152 North Davis Highway Pensacola, FL., the new dispensary will be open Monday through Friday, 10 a.m. to 7 p.m., Saturday, 10 a.m. to 5 p.m., and Sunday, 12 p.m. to 5 p.m. The new 6,434 square foot store includes a spacious retail and reception area, along with two private consultation rooms and a large waiting room. As with all of Liberty’s dispensaries, locally inspired wall-art will be featured throughout the store on a rotating basis.”

Liberty Health Sciences Inc (OTCMKTS:LHSIF) frames itself as a company that engages in the production and distribution of medical cannabis primarily in the State of Florida.

It has a strategic partnership with Veterans Cannabis Project to support various research projects focused on the treatment of service related trauma with cannabis derived products; and partnership with AdaViv Inc. to enhance production of cannabis.

The company is headquartered in Toronto, Canada.

Liberty Health Sciences was established to own and operate medical marijuana licenses in the United States. To date, the company owns one of 14 licenses issued in the state of Florida as well as 50.1% interest in a provisional processing license and a provisional dispensary license, both in Ohio. Liberty has also made an investment in a provisional medical license in the Commonwealth of Massachusetts.

According to company materials, “Liberty is the cannabis provider committed to providing a trusted, high quality cannabis experience based on our genuine care for all cannabis users and a focus on operational excellence from seed to sale and beyond. Liberty’s measured approach to expansion opportunities maximizes returns to shareholders, while keeping consumers’ well-being at the forefront of what we do.”

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As noted above, LHSIF just announced that it will open its 19th and largest Florida dispensary in Pensacola, subject to approval from the Florida Department of Health.

The chart shows 45% piled on for shareholders of the company during the trailing month. What’s more, the stock has seen a growing influx of trading interest, with the stock’s recent average trading volume running 18% above its longer-run average levels.

“We are excited to deliver on our continuing commitment to improve the quality of our patients’ lives by providing access to our premium cannabis products right here in the beautiful and historic heart of Pensacola,” said Victor Mancebo, Interim Chief Executive Officer of Liberty. “Our patients in the panhandle will now have two locations in the most western region in the Florida Panhandle. Our new dispensary sits in one of the busiest corridors in Pensacola, where our patients can enjoy the accessibility and convenience of this beautiful location.”

Now commanding a market cap of $98.5M, LHSIF has a significant war chest ($5.4M) of cash on the books, which stands against about $7M in total current liabilities. LHSIF is pulling in trailing 12-month revenues of $14.4M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 383.8%. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $LHSIF 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 $LHSIF, either long or short, and we have not been compensated for this article.

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