The action in shares of International Spirits & Wellness Holdings, Inc. (OTCMKTS:ISWH) has the feeling of a basing pattern that could form the foundation of an upside breakout if the stock climbs above recent range highs. And that would hardly be a stretch of the imagination considering the company just posted it’s best ever quarterly financials, teased the possibility of a major partnership announcement, and guided Q4 expectations toward a new blowout.
The company hit on all cylinders in its Q3 data, driving 62% sequential quarter-over-quarter top-line growth on orders during the three months ended September 30. All told, the company brought in as much as $225K in operational gains and logged its second consecutive quarter of gross profitability.
International Spirits & Wellness Holdings, Inc. (OTCMKTS:ISWH) bills itself as an authorized importer, licensor, and marketer of premium beverage brands, with sales of innovative products and brands worldwide. But it’s now into much more than that, with strong results in a Health and Wellness segment that leans on both its proprietary P19 CBD products brand and a thriving Home Healthcare service.
Based in Nevada, the Company’s expertise lies in the strategic development and aggressive early growth of its brands and the establishment of these brands as viable and profitable as an incubator. ISWH intends to nurture emerging brands through critical stages of market development, including conceptualization, go-to-market strategy, supply chain and logistics engineering, integrated marketing, and distribution.
In addition, ISWH has now established itself as a health and wellness company with a focus on reshaping the CBD products market through state-of-the-art nanotechnology processes, developing a wide range of nano-infused CBD gummies and beverages formulations. These products will be sold through the Company’s website, as well as through established wholesale and retail distribution channels.
The company has also partnered with Bengala Technologies to develop and commercialize enterprise and B2B software technology products targeting the logistics and supply-chain marketplace.
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As noted above, ISWH just put out all-time company record quarterly results and tangible progress toward a major partnership announcement.
The big standout in those numbers was the nearly 15,000% jump in 6-month growth for its Home Healthcare Segment.
Shares of the stock have been mired in a basing — and possibly bottoming — process now for the past two months. A push above the recent range would trigger a possible breakout above the 50-day moving average. Given the overall fundamental growth on display, this could be a matching technical catalyst. It bears watching at this point.
“It was a great quarter and reflects the scope of the momentum we have in place right now, but falls short of capturing the trajectory we have in front of us,” continued Mr. Williams. “We will be producing an audited version of these results as part of our move to uplist onto the OTCQB next year. And with the help of new partnership agreements and the powerful growth we already see across all segments, we believe Q4 will easily be the best quarter in the Company’s history.”
At this time, carrying a capital value in the market of $374K, ISWH is pulling in trailing 12-month revenues of $365K. In addition, the company is seeing massive recent top-line growth, with sequential quarterly revenues booming higher by 6497.2%. 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 $ISWH 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 $ISWH, either long or short, and we have not been compensated for this article.