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HempAmericana Inc. (OTCMKTS:HMPQ) Due For A Bounce Back As Sentiments Turn Bullish

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HempAmericana Inc. (OTCMKTS: HMPQ) might as well have served groundbreaking catalysts set to trigger a rally from the current lows. Immediate reports indicate the company has commenced the processing of 4,100 Hemp Flower at one of its production facility. The management has since reiterated it expects CBD distillate output to exceed $1 million. In addition to the $1 million revenue opportunity, HempAmericana sentiments in the market have also received a significant boost in the market. Equity research firm SeeThruEquity has initiated coverage of the stock with a share price target of $0.03. HempAmericana has also refined its production line in the recent past with the installation of two crucial equipment. The installation paves the way for the company to commence production and bottling of refined high-potency CBD oil.

HempAmericana Price Analysis

Recent development appears to have triggered renewed investor interest in the stock if recent price action activity is anything to go by. The stock has since held steady above the $0.01 mark, after coming under immense short selling pressure. A high turnover in traded share in the market could point to a potential break out of the $0.01 mark, backed by strengthened underlying fundamentals. After underperforming for the better part of the year, HempAmericana needs to rise and stabilize above the $0.02 mark to turn bullish.

Above the $0.02 mark, the stock could make a run for the $0.03 mark as alluded by SeeThruEquity Research. Below the $0.01 mark, the stock remains susceptible to further declines given that short sellers remain in firm control in line with the long-term bear trend. However, the stock remains well positioned to surge as underlying fundamentals have improved a great deal in recent weeks.

Catalysts Fuelling Upward Momentum

Hemp Processing Milestone

HempAmericana has revitalized investor interest in the stock on announcing it has started processing 4,100 lbs. of in-house Hemp flower at its extraction and processing facility in Augusta Maine. In line with the processing spree, HempAmericana has confirmed it is in the process of installing two crucial equipment’s. Installation of the equipment will pave the way for the company to start bottling refined, high potency CBD oil as it seeks to enter the distribution and sale business. “We are now ready to put the final pieces into place in terms of our in-house production equipment. We are already up and running, and now we will have the capability to produce the highest-quality CBD product on the market,” said Salvador Rosillo, HempAmericana CEO.

$0.03 Price Target

The harvesting drive, as well as a move to produce high potency CBD oil, has not only caught the attention of investors but as well as equity research firm SeeThruEquity. The firm has since reaffirmed that the stock could be headed to the $0.03 mark, on the company reiterating growth prospects. The research firm has especially taken point of the fact that the company is in the process of completing a 17,000 square foot facility in Maine. The facility once complete will allow the company to produce and process high purity CBD oil. The fact that the company has already started investing in commercialization efforts also indicates HempAmericana readiness to transition into a revenue-generating entity. The CBD market is set to reach $2.1 billion in annual revenue by 2020 thus presenting unique opportunities for the company

Bottom Line

While HempAmericana is still a speculative cannabis play, it has shown it has what it takes to capitalize on the burgeoning legal cannabis hemp market. The company projecting revenues of more than $1 million with the current harvest is a development that attests to robust growth. That said the stock looks set to power out of the current tight trading range on strengthening investor interest. The stock rallying and stabilizing above the $0.02 mark should reaffirm its credential as a long-term play.

Business

First Foods Group Inc (OTCMKTS:FIFG) Unveils Its “Southeast Edibles” New Product Line

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First Foods Group Inc (OTCMKTS:FIFG) today disclosed details about the unveiling of its latest product called “Southeast Edibles.” This is a hemp-based premium chocolate product line and one of the company’s innovations. The business guru wants to make the product available for all the interested consumers.

First Foods and it’s business focus

First, Foods happens to be one of those companies that have been looking forward to the legalization of hemp-based products. The company has a production facility in Florida where it has been working on its chocolate edibles recipes. It has been engaging in this activity from March this year.

First Foods Group hopes that with time, it will rise to take over the market leadership. An official says that they won’t stop until they have the entire nationwide chocolate edibles market to themselves.

The business started strategizing on its success since July 1, 2019. This was the time when the governor of Florida went ahead to legalize hemp-based products. First Foods reacted promptly by unveiling its Southeast Edibles brand on August 9, 2019.

The deal with CBD Unlimited

The Company also engaged CBD Unlimited, and the two signed a letter of intent. CBD Unlimited happens to be researchers and also a top distributor of a wide array of CBD products. These products, according to it have been designed scientifically and the tests show that they should be administered in accurate dosages.

The CEO who is also the Chairman of the company Todd Davis opines, “First Food Group is a creative and emerging brand that will help drive our consumable product category as the growth of the CBD marketplace is accelerating rapidly.”

The company has been seeking to collaborate with a successful management team. The latest collaboration is a major step forward. They intend to continue supporting initiatives for targeting serving customers with great products.

The CEO & Chairman of First Foods Group Harold L. Kestenbaum believes it is crucial to vet the right partners. According to him, appropriate and befitting partners define the success levels they reach. He adds that they will also continue focusing on their marketing strategy and make enhancements.

CBD has a loyal customer base, an Unlimited’s scientific approach, and vast market access. These attributes make it an ideal partner for the company.

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Business

General Cannabis Corp (OTCMKTS:CANN) Plans To Acquire A Denver Vertically Integrated Cultivator And Retailer

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General Cannabis Corp (OTCMKTS:CANN) is pleased to announce that it will soon make its latest acquisition. However, it first needs to make its entry into a non-binding term sheet. The target is to acquire a huge deal of assets belonging to one Colorado-based licensed recreational cannabis cultivator.

About the business deal

This Colorado business has been running some two indoor cultivation facilities. Asides from that, it has also been operating a retail cannabis dispensary which is situated in central Denver. This dispensary has risen to become one of the most trusted and successful dispensaries in Denver. Nevertheless, it prides itself in being the holder of a library of world-class cannabis genetics.

The Company has already signed the Colorado House Bill 1090 (“HB-1090”). Probably, this is the reason behind the latest activities the company has been undertaking. This law gives a leeway for the interested companies to acquire licensed cannabis companies in Colorado. The approval by the law might witness more companies follow suit in making these acquisitions.

Currently, the parties in charge are working on the various regulations in line with the implementation of the law. When finalized, the business giant reveals that it won’t hesitate in entering the binding transaction for the Business.

Focus into the future

General Cannabis has revealed its plan to purchase the Company’s common stock. These will include the company’s tangible and intangible assets. The business guru expects to pay 40% in terms of shares and sixty percent in form of cash. Focus will at some point shift to the number of common shares issued at closing. In this case, the determination will take into account the 30-day volume weighted average price.

The General Cannabis Chief Executive Officer and Executive Chairman Michael Feinsod expressed his excitement in the latest developments. He said that the acquisition of the third licensed Colorado cannabis operator was a major step forward for them. The official looks forward to the company expanding its business to central Denver. According to him, the planned move will show their dedication to an expansion strategy.

General Cannabis is set to also expand its customer base by a significant margin if all moves according to plan.

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Business

Leafbuyer Technologies Inc (OTCMKTS:LBUY) To Create A Mobile App With Blockchain Capabilities

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Leafbuyer Technologies Inc (OTCMKTS:LBUY) today spoke at length regarding the development of a new mobile application. The company spent several months in the creation of the all-encompassing application. One top official working with the business says that they will soon give a Press release regarding the latest move.

The application

The uniqueness of the application lies in how it manages to merge the various aspects of functionality. These include Leafbuyer’s search technology and the current deals. The business guru has also designed some blockchain wallet capabilities. The purpose is to ensure that the company’s loyal customers get the most from the move.

The CEO of Leafbuyer Kurt Rossner opines, “Leafbuyer provides multiple technology solutions to help businesses in the cannabis industry to attract and retain consumers. The integration of blockchain technology within the mobile application will boost transparency and provide accessible information regarding transactions and loyalty points.”

Leafbuyer says that the hosting of its wide range of products on multiple platforms will see it generate high profits. The tablets at participating dispensaries, the Leafbuyer app, and the Greenlight app are all remarkable platforms according to analysts.

This new application is all about centralizing the experience of the various consumers. Soon, the application will be distributed via the iOS App Store and the progressive web application (PWA).

Views about the future

The COO of Leafbuyer, Mark Breen, has spoken in relation to the much-awaited rollout. The official says that they look forward to seeing their consumers interact much more easily with clients. According to him, the ongoing efforts on the connection develop a good reputation for the company. Sooner or later, Leafbuyer will become very important for product company clients and dispensaries across the country.

Most of the consumers are looking forward to the completion of this app. They say that it will make it a lot easier for them to search for deals and businesses. The other services they will enjoy include the ordering of their favorite products as well as getting other items delivered. Those consumers that need to keep track of their loyalty points will do it more easily.

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OTC: PLSI

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Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Play