Hello Fellow Traders!
GCGX is our newest low priced cannabis stock that could be set to explode!
Trading volume for GCGX has been on fire in recent days and volume has been a lot higher than usual.
The stock also hit over 2 cents last week. These levels have not been seen in months!
With all of the activity going on, plus some big news announced earlier this month about its California workplace, GCGX could be ready to hit Wall Street’s radar!
There could be some major potential for upside at these levels so quickly add GCGX to your radar!
In recent years many marijuana companies have reported stellar growth. Aurora Cannabis delivered its fourth quarter financial results not long ago, revealing that net cannabis revenue grew 61% and that its wholesale bulk cannabis revenue also grew nearly 10 times from the third quarter.
The demand for marijuana is creating one of the biggest industries this world has ever seen. More and more people are recognizing the health and wellness benefits of marijuana.
There are hundreds of cannabinoid receptors throughout the human body that cause specific physiological effects and potential uses of these cannabinoids include treating:
appetite loss and eating disorders
If marijuana becomes legal on a federal level, it could make this giant industry even bigger.
Spending on legal cannabis worldwide is expected to hit $57 billion by 2027, according to Arcview Market Research and BDS Analytics.
The end of U.S. prohibition of marijuana is in sight with many politicians, including all Democrat presidential hopefuls, fighting for legislation.
Small-cap cannabis stocks such as GCGX could be at the ground-floor of a massive arena!
This is a company still in its infancy but has some very impressive big plans.
GCGX is building America’s First Cannabis Mall, which when completed will house Manufacturing, Distribution, Delivery, Retail, Testing, and Cultivation all under one 64,000 square foot building!
The mall will house the largest Manufacturing facility of THC and CBD Distillate and Edibles believed to be operational in the United States.
It doesn’t seem like too many people know about what the company has going on!
GCGX has also completed a merger acquiring multiple companies in the Cannabis space. The companies acquired are Infused Edibles, Indulge Oils and a Hemp farm in CO.
The company’s brands are comprised of Cannabis and CBD brands known in the Medical and Adults markets of California and beyond. The main objective of the Company is to acquire brands and distribution channels to feed with both THC and CBD products.
Indulge Oils is a premium “pesticide free” product sought after brand as it is known for its purity and high quality. Their premium oil is in such high demand in the cannabis oil market it has been sought out by some of the largest names in the cannabis industry for private labeling!
The company’s CO Hemp is a 15 acre test, that will begin harvesting in the end of October to be sold in November. This is just around the corner!
Infused Edibles has 140 food items it infuses with US grown CBD Isolate. This is believed to be the largest amount of products produced by a single infused producer, winning over 17 first place awards!
Infused Edibles operates out of a 6,000 square foot building, servicing 400 stores with 9 sales reps and 8 distributors in 15 states.
It was not too long ago that GCGX and MJ Munchies, Inc., a subsidiary of Nightfood Holdings, Inc. (OTC: NGTF) entered into a Letter of Intent whereby Infused Edibles would receive an exclusive license to manufacture and distribute marijuana and CBD-infused products under the Half-Baked™ mark owned by MJ Munchies.
With commercial brands in the marijuana space increasingly frustrated by restrictive government advertising policies, both companies believe having the right brand name provides a distinct competitive advantage at retail in this rapidly-growing market.
“With the Half-Baked™ name, it will simply be easier to attract new consumers at the critical point of purchase,” explained GCGX CEO Matt Dwyer.
“We’ve already got an amazingly broad line of fast-selling products, but we see value in having the rights to Half-Baked™ as we work towards our goal of building a leading brand on the national stage. We believe using the Half Baked™ mark will significantly increase our 2019 projected revenue of $3 million for Infused Edibles.”
GCGX reported over $600,000 in sales in the quarter ending September 30, 2018 and sold over $2,000,000 in CBD products for 2018!
Infused Edibles has what is believed to be the broadest selection of infused product SKUs. With everything from baked goods, to candies, to nuts, and even jerky, GCGX will evaluate which products can most benefit from the Half- Baked™ branding. Their new Half- Baked™ line would also include beverages.
“We’re excited to work with a company that shares our vision for national awareness and distribution,” added MJ Munchies CEO Sean Folkson.
He added, “They have a track record of success in manufacturing and distributing a varied line of products that succeed at retail. We’ve been working on this for some time, which is why we have not been commenting publicly about the MJ Munchies side of our company. Now, the broad strokes are in place, and we’re going to work together to quickly finalize the agreement.”
The company has recently reported that a tremendous amount of progress has been made in reading its workspace in Sacramento. Operations are ready to begin in early September. This could be soon!
Following the issuance of a Certificate of Occupancy, Indulge Oils will begin manufacturing its THC products for sale. Plans will begin to move Infused Edibles into the building to produce THC infused products.
It may be only a matter of time that marijuana becomes legal on a federal level and the demand for the plant will be even more enormous. GCGX and everything it is doing could be soon learned about on Wall Street…
This could be critical timing to be reading about the company right now!
Do your own research at the company’s website: http://www.gcgx.org/
GCGX may be our next alert to ROCKET!
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