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Future Farm Technologies Inc (OTCMKTS: FFRMF) At a Crucial Juncture

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Future Farm Technologies

A streak of poor performance triggered by soaring short selling pressure raises serious concerns about Future Farm Technologies Inc (OTCMKTS: FFRMF) long-term prospects. The stock is languishing close to all-time lows, after shedding more than 80% in market value over the past year.

Future Farm Technologies Price Analysis

Investor and market sentiments appear to have hit all-time lows as the stock has struggled to bounce back. The underperformance comes as a surprise given that the broader cannabis sector has turned bullish following recreational use legalization in Canada and the passing of the 2018 Farm Bill in the US.

With market sentiments at all-time lows, only groundbreaking catalysts will reinvigorate investor sentiments in Future Farm Technologies to trigger a bounce back.  One of the developments that could help prop the stock’s markets sentiments and price action activity is the confirmation that the company is poised to launch an aggressive Cannabis growing spree.

Future Farm Technologies is in the final stages as it prepares to propagate its 2019 hemp-for wellness crop in Belfast Maine.  The company intends to grow Cherry Wine cultivar in over 100 acres in Hersey Maine.

It awaits to be seen if the cultivation spree will help trigger bounce back as Future Farm Technologies languishes at the $0.13 level in the market. After the recent plunge, the stock will have to retake the $0.14 level to avert further slides in the short term.

FFRMF Daily Chart

Above the $0.14 mark, the stock would be well positioned to take out the $0.19 mark, which happens to be the next resistance level. Below the $0.19 resistance level, Future Farms Technologies remains engulfed in a bearish trend and likely to continue edging lower.

What Does Future Farm Technologies Do?

Future Farm Technologies is a holding company with operations in North America. The company’s core business entails advancing sustainable agriculture through the production of wholesale and retail cannabis products.  The company collaborates and acquires licensed cannabis operators to develop leading technologies in cannabis production.

Recent developments

As the share price continues to edge lower, Future Farm Technologies management are working round the clock to commence the 2019 cannabis-growing season. The management is eyeing a harvest of over 120,000 pounds of biomass on growing Cherri Wine cultivar in a 100 acres farmland in Hersey Maine.

Future Farms Technologies intends to process all the harvest into full spectrum hemp oil, CBD distillate and CBD isolate for sale to manufacturers. In addition, the company expects to produce over 2 million hemp seeds in 2019, nearly double 2018 levels.

“We have been focused on caring for the seeds we are about to grow since we harvested them in 2018 because they have outstanding genetics that provide high propagation rates and high CBD content. It’s always exciting for me, as a farmer and a manager, to see that first sprout,” explained Zachary Lapin, General Manager of Future Farm Maine.

The grow season comes on the heels of Future Farm Technologies confirming that Cherry Wine hemp seeds produced as part of 2018 harvest have been feminized. The company now has over 1.2 million hemp seeds for sale that it is selling through its e-commerce platform.

“The revenue generated by these seeds enables us to improve all aspects of our operations in Maine, which we expect to result in a robust yield of CBD oil and distillate on a per acre basis. The lessons learned and revenue realized from the 2018 harvest are creating a trajectory that every successful company hopes for,” comments William Gildea, CEO of Future Farm Technologies.

Bottom Line

Future Farm Technologies is struggling to recover from harrowing crash amidst soaring bearish pressure. The fact the underperformance comes on the heels of the broader cannabis sector turning bullish continues to arouse serious concerns.

While the stock boasts of tremendous potential as the company commences cannabis cultivation, it might be wise to wait for further confirmation to see whether the stock will bounce back.

A long term descending trend line continues to cap upside action. However, the stock taking out the $0.19 resistance level should reaffirm suggestions of a potential bounce back. For now, it might be wise to take a back seat and wait for further confirmation as the stock remains vulnerable.

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Disclosure: We have no position in FFRMF and have not been compensated for this article.

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Forget APHA and ACB, Buy GTBIF and TCNNF

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GTBIF TCNNF

There are a lot of misconceptions going on when it comes to US legalization. Many investors are buying Aphria (APHA) and Aurora Cannabis (ACB) hoping to bank on what’s happening in the US. However, they are Canadian Licensed Producers and have no business in the US. Investors are buying them because they trade on the major exchanges, but that is the wrong move. The correct move is to buy the US multi-state operators like Green Thumb Industries (GTBIF) and Trulieve Cannabis (TCNNF).

On Election Day voters in New Jersey, Arizona, Montana and South Dakota voted to legalize recreational marijuana. South Dakota and Mississippi voters also approved measures to legalize medical marijuana.

There’s also the prospect of a more pot-friendly White House with President-elect Joe Biden. Vice Presidential Candidate Kamala Harris said at the debate a Biden administration would decriminalize marijuana at a federal level and expunge criminal records of people with marijuana-related offenses.

GTBIF

Green Thumb Industries Inc. (“Green Thumb”), a national cannabis consumer packaged goods company and retailer, promotes well-being through the power of cannabis while giving back to the communities in which it serves.

Green Thumb manufactures and distributes a portfolio of branded cannabis products including Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm and The Feel Collection.

The company also owns and operates rapidly growing national retail cannabis stores called Rise™ and Essence. Headquartered in Chicago, Illinois, Green Thumb has 13 manufacturing facilities, licenses for 96…

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What Do Investors See In Medical Marijuana Stock (OTCMKTS:MJNA)?

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Medical Marijuana stock

Medical Marijuana Stock (OTCMKTS:MJNA) has emerged as one of many investor’s favorite pot stocks in the legal cannabis universe in 2020. The stock is already up about 10% in 2020, demonstrating how investors have warmed up to the stock early on in the New Year.

Following a disastrous 2019, cannabis investors lost money but have also learned that their best bets are stocks with strong fundamentals. They are looking for companies that have positioned themselves well in the cannabis industry and have what it takes to go for the opportunities. That is why MJNA stock is catching a lot of investor attention in 2020 because of how it has positioned itself in the cannabis market.

Robust revenue growth and strong financial position have also helped put MJNA on the radar of investors hunting for quality cannabis stocks. Revenue at MJNA more than doubled from $26.5 million in 2017 to $60 million in 2018. MJNA is also not in financial distress as may be the case with other cannabis companies out there. The company finished the third quarter, the most recent reported period, with $5.5 million in cash reserves.

Moreover, MJNA has recently taken steps to expand into new international markets and invest in companies that are leaders in their segments. These prudent actions are helping lift Medical Marijuana stock as more investors learn about them.

About Medical Marijuana stock

Medical Marijuana…

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Is Tilray Inc (NASDAQ:TLRY) A Buy Or Sell?

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NASDAQ:TLRY

For Tilray Inc (NASDAQ:TLRY) and the rest of cannabis stocks, 2019 was no doubt a bad year. But 2020 is shaping up to be a promising year for the stock. To start with, Tilray stock has already gained 8.35% year-to-date. If that says anything, it shows following the broad selloff in Tilray stock last year, we’ve got to a point where sellers are giving way to buyers in the stock.

There are several catalysts that should continue driving NASDAQ:TLRY as you’re about to see. First, below is a brief profile of the company we’re discussing.

About NASDAQ:TLRY

Tilray is a Canada-headquartered global cannabis company. It is engaged in activities of cannabis cultivation and processing as well as marketing and distribution of cannabis products. Tilray already has several cannabis products brands to its portfolio. It operates across five continents through subsidiaries in Canada, Australia, Germany, and Portugal.

Following the broad collapse of cannabis stocks in 2019, investors are looking for cannabis stocks that can make a positive impact on their portfolios in 2020. Tilray stands out as an attractive cannabis stock pick in 2020. Here are some of the exciting things about the company.

Tilray CEO sees a bright future for the cannabis industry

On January 25, Tilray CEO Brendan Kennedy spoke on Bloomberg. In that interview, Kennedy framed a rosy outlook for the…

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