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Axim Biotechnologies Inc (OTCMKTS:AXIM) Soars On Positive Review

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In the last trading session, the stock price of Axim Biotechnologies Inc (OTCMKTS:AXIM) jumped more than 7% to close the week at $11.58. The gains came at a share volume of 58,461 compared to average share volume of 60,053.

SECFilings.com, a major financial information and news portal offering public company filing alerts, reported the publication of a piece of article covering AXIM. SeeThruEquity initiated the equity with a target price of $17 per share, more than 50% jump to the existing market price of $11.58 a share, as of May 19, 2017.

The buzz

AXIM Biotech functions in the legal pharmaceutical and nutraceutical subset of the cannabis market, but SeeThruEquity notes the fast growing legalization movement likely to have a notable impact on its market perception and valuation. This may be particularly true with the imminent launch of numerous new exchange-traded funds that intend to target the cannabis market since they will probably hold an oversized stake in AXIM Biotech provided its market capitalization.

The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!

AXIM Biotech has numerous imminent catalysts that could positively impact its valuation over the imminent quarters. The firm introduced its CanChew® in all 40 countries and 50 states. With over 10 commercial-ready offerings in cosmeceutical, oral care and nutraceutical markets, the firm is already recording revenue without the requirement for regulatory approvals.

Besides these products, the firm has over 20 clinical products intended and is in the course of advancing pharmaceutical candidates utilizing chewing gum and other delivery processes, including transdermals, transconjuctivals and suppositories. These products are anticipated to begin reporting study report this year.

SeeThruEquity mentioned that lesser-known offerings in the pipeline could become latest category leaders. For example, Axim’s Oraximax™ is a Hemp product that management expects will define a new segment of oral care offerings, thanks to its anti-proliferative, bactericidal and anti-inflammatory properties. The firm also provides skin care and lozenge goods that could have same potential.

Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!

   

Learn More About PLSI at your brokerage today!

         

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OTC: PLSI

The Next Big Global Cannabis Play