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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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Is Neptune Wellness Solutions Inc (TSE:NEPT)(NASDAQ:NEPT) A Good Bet Right Now?

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Neptune Wellness Solutions

There is no doubt 2019 was a tough year for the hemp/cannabis businesses. However, there are a few hemp/cannabis stocks that still managed to make their investors proud. Neptune Wellness Solutions Inc (TSE:NEPT)(NASDAQ:NEPT) is one of those stocks. Investors who put their bet on Neptune at a time like this saw their investment increase 130% by July of last year.

Neptune Wellness Solutions is already off to a strong start in 2020. The stock has gained more than 15% in the past week alone. Looking at how Neptune has positioned itself in the hemp/cannabis market, you cannot dispute 2020 is shaping up to be a great year for the stock. Then you notice that Neptune insiders are deeply invested in the stock. Insiders own more than 17% of all shares in the company. The company’s market cap of $280 million shows that insiders alone have sunk $48 million in the stock.

You are about to find out more reasons why Neptune Wellness Solutions looks to be a good pick right now. But first, here’s what you should know about the company we’re discussing.

About Neptune Wellness Solutions

Neptune Wellness Solutions has been around since 1998 and is headquartered in Laval, Canada. It is engaged in the extraction, formulation, and packaging of value-added cannabis products for both Canadian and global markets.

This is shaping up to be Neptune’s year for a number of…

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Is Tetra Bio-Pharma (CVE:TBP) (OTCMKTS:TBPMF) A Smart Pick?

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Tetra Bio-Pharma

Investors will remember that 2019 wasn’t a great year for cannabis stocks, especially Canadian stocks. Issues from uncertainty over Canada’s national elections to shortage of cannabis retail stores in Ontario greatly weighed on Canadian cannabis stocks last year. These problems are largely out of the way and investors can now spot cannabis stocks with a promising outlook in 2020. Tetra Bio-Pharma (CVE:TBP) (OTCMKTS:TBPMF) is one play poised for a big breakout in 2020 as its drug products go on sale.

Tetra Bio-Pharma is one of the most promising cannabis stocks in 2020 and investors have really warmed up to the stock. At $0.50, Tetra stock has already gained more than 60% year-to-date. But that is just the beginning and we feel there is a great story to tell here. First, however, it is important for investors to understand the company we’re discussing.

About Tetra Bio-Pharma

For investors who may have just come across Tetra Bio-Pharma for the very first time, this is a Canadian cannabis company. It is focused on developing cannabis-based drugs for a variety of conditions, including cancer.

Tetra Bio-Pharma about to begin commercializing its drug products

As a drug company, Tetra Bio-Pharma is insulated from many challenges that face conventional cannabis companies. For example, companies that make adult-use cannabis products must cope with cutthroat competition in the market. Moreover, Canadian cannabis companies have Continue Reading

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Why Investors Are Warming Up To Fire & Flower Holdings Corp (TSE:FAF) (OTCMKTS:FFLWF)

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Fire & Flower Holdings

The disastrous 2019 taught investors the importance of carefully screening cannabis stocks for great picks that can withstand industrywide shocks. That explains why investors are warming up to Fire & Flower Holdings Corp (TSE:FAF) (OTCMKTS:FFLWF) in 2020.

Fire & Flower Holdings has positioned itself to take full advantage of the recently expanded cannabis market under Cannabis 2.0. Investors are realizing that FFLWF is one pick that can make a huge difference in their cannabis portfolio. Fire & Flower Holdings has already gained more than 25% year-to-date, a testament to the strong investor interest in the stock in 2020.

About Fire & Flower Holdings

Fire & Flower Holdings is a Canadian cannabis company. It operates as a cannabis product retail chain. It operates a network of dozens of cannabis retail outlets in Canada. FFLWF currently has licenses to operate cannabis retail stores in Alberta and Saskatchewan provinces. In addition, it runs a cannabis distributor business in Saskatchewan.

Investors will no doubt remember that 2019 was a tough year for the cannabis sector, with a widespread collapse of many cannabis stocks big and small. That shows why in 2020 investors are looking for cannabis stocks that can deliver excellent returns and make them forget the pain of the past year. FFLWF has emerged as one of the favorite cannabis stock picks for investors early on in 2020. There are several reasons behind that and here are…

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