During the turn of the 19th century there was gold fever, but today there is legal-marijuana fever, which is causing companies to reinvent themselves and even pick up and move their headquarters in order to claim their stake in the new marijuana gold rush.
New Headquarters in Colorado Springs
Latteno Food Corp. (OTC Pink: LATF) stock volume soared Feb. 13, 2014 with 547,371,968 shares changing hands, nearly double its three-month average volume of 279,036,621 shares.
The high volume was most likely generated by the news that the acquisition company is picking up and moving its headquarters from Santa Anna, Calif. to Colorado Springs, Colo. to cash in on the medical marijuana gold rush.
Strategic Move
According to Feb. 12 release, the strategic move to Colorado will allow Latteno to capture a fast growing market through partnership and acquisitions. Latteno said it has contemplated the possibility of divesting current assets to concentrate solely on capturing and growing the medial marijuana business.
The company also has prepared to establish a presence in Washington in anticipation of next wave in recreational use legalization.
Meanwhile the Latteno Food has forged partnerships with dispensaries and clinics in both Arizona and Nevada. Joint products development is underway as the company prepares to send representatives to field offices for further negotiations.
On Feb. 13, LATF share price closed at 1 cent, unchanged from its closing price the previous day.
Find out what could be the best investor’s move when it comes to LATF by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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Intelligent Living Inc . (OTCQB: ILIV) stock volume also shot through the roof Feb. 13, 2014, with 141,342,960 shares changing hands, more than triple its average monthly volume of 43,375,670 shares.
It’s difficult to say what has triggered the volume of this Miami-based developmental state company that wants to produce various cannabis-based products. There is very little concrete news other than several wordy and winding press releases on letters of intent.
For example, the latest release of Feb. 7 is a “clarification to shareholders concerning its Letter of Intent with Green Roads of Florida LLC”
Here’s a little bit more:
“As initially outlined as part of the roadmap for 2014 released late last year, this acquisition exhibits further execution of the ILIV strategy to unveil innovative products within our Core Operating Area (COA) of health and wellness products and is complementary to our earlier acquisition of drlarrydirect.com. This acquisition would clearly strengthen our position going forward to be a leading ecommerce retailer of health, wellness and alternative formulas. These natural bioactive CBD compounds have health promoting and medicinal properties. These two product lines are synergistic and complementary in nearly every respect.”
Nothing Concrete
The problem with such press releases is that they are strong on intentions and potential, but short on specifics, such as: What specific products are you going to produce. Are there any orders? What is the time line for a product roll out?
Maybe time will tell.
On Feb. 13, ILIV share price closed at 1 cent, unchanged from its closing price the previous day.
Find out what could be the best investor’s move when it comes to ILIV by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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Will Print New Hemp Mag
Resource Ventures , Inc. (OTCPINK: REVI) stock volume soared Feb. 13, with 9,802,080 shares changing hands, twice as much as it three-month average volume of 4,801,545 shares.
The uptick is the result of the Silverado, Calf.-based print and graphics company’s Feb. 12 announcement that it had entered into a Joint Venture Agreement with Hemp, Inc. (PINKSHEETS: HEMP) to publish The Hemp Nation Magazine .
“Pursuant to the terms of the JV Agreement, Hemp, Inc. will to produce and edit all content for the industrial hemp magazine,” the release said. “REVI will bear responsibility for publishing the magazine. It is anticipated that hemp paper will be used for at least some of the material for publishing the magazine, including the cover.”
Whether there is a market for any new print magazine in today’s brutal publishing industry -- never mind a print magazine on Hemp - is still an open question.
On Feb. 13, REVI share price closed at 5 cents, unchanged from its closing price the previous day.
Find out what could be the best investor’s move when it comes to ILIV by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
Gold Coast Mining Corp. (OTC Pink: GDSM) stock volume skyrocketed on Feb. 13, with 433,377,056 changing hands, six times its three-month average volume of 76,191,118 shares.
Cryptic Press Release
The spiking volume of the Wilton, Ct.-based mining company could be tied to a cryptic press release Feb. 11:
Gold Coast is now in negotiations with the owner of several producing natural gas wells, the release explains. If successful, the wells would be acquired with debt/seller financing allowing the seller to have a "purchase money" security interest. This protects the seller should the judgment holder, Gelpid, attempt to foreclose on the asset, while providing the company a revenue producing asset. The negotiations are moving forward and the company will be providing frequent updates.
CEO Michael Shea said, “Gelpid realizes that in order for its judgment to have value, the Company must create value and we continue to explore a workable solution. In fact, one of Gelpid's principals has a private company (in the "hot" sector) that he would like to take public. I have offered to establish a subsidiary of Gold Coast, which would be spun out, to allow this to happen.”
Shea further commented, "Regardless of my ethical beliefs of this 'sector,' I would be willing to entertain this idea for the good of the company."
Some investors or potential investors might have trouble with Shea’s last statement.
On Feb. 13, GDSM share price closed at 1 cent, unchanged from its closing price the previous day.
Find out what could be the best investor’s move when it comes to GDSM by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
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Source: Accesswire IA (February 15, 2014 - 10:56 AM EST)
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