MJardin Group Inc (OTCMKTS: MJARF) is a cannabis platform that has been operating in the legal market for a decade. Primarily, the company offers management services for a plethora of cannabis operators which include cultivation, processing, and retail.
The Colorado-based cannabis stock operates cultivation as well as retail operations in Canada and the U.S. Started by focusing on third-party managing facilities but has since concentrated towards the affiliated operations.
MJardin is a well-capitalized organization that continues to aim at a strategic expansion as well as M&A opportunities across the legal cannabis market.
MJardin Price Analysis
MJardin is trying from all angles to ensure that it gets things up and running once again from the recent swings. Notably, the pot stock is doing everything right to ensure it hits past its all-time high back sooner rather than later.
The stock has made a plethora of positive developments, but still, the price has edged lower with a bearish trend. For most, below the $2 level, it may seem like a concern, but things are no longer going to stay down (as it seems).
Currently, the stock is priced at $0.96 and showing some positive signs of getting on track. A bounce back is inevitable, given the positive developments signaling long-term growth.
What Makes MJardin Stock the Real Deal?
The company manages more than 36 cultivation, processing as well as retail facilities. Besides, in recent months, it has made several acquisitions that (in the long-term) will prove to be the game changers for the company.
For instance, the top of the list acquisition that sheds light on the stock’s long-term growth is that of Cannabella. It’s an operator of marijuana extraction facility and producer of edibles as well as topicals in Nevada.
Cannabella acquisition strengthens its extraction capabilities, especially in Nevada. Furthermore, it allows the company to enhance edibles as well as topical line and leverage a portion of the stock’s cultivation output.
Moreover, early this year, the company announced an agreement with Rama First Nation aiming to construct as well as operate a cultivation and retail complex. The joint venture is 49% owned by MJardin and 51% by Rama First Nation and receives over 3 million visitors annually.
Another significant stride made by the stock last month was paying-down the existing debt. The payment was obtained by an 11% sale of the company’s position in AtlantiCann Medical Inc. to the famous 13 Mi’kmaq Nova Scotia First Nations. Besides, the agreement allows it to explore several potential retail partnerships with those of Mi’kmaq.
Also, the company anticipates completing the construction of its 75% owned “GRO” facility. Once it’s completed, they’ll submit an Evidence of Readiness to Health Canada to receive a Cultivation and Processing License.
The developments have at least shown some positives with the company confirming its WILL facility based in Brampton Ontario having registered a high cannabis cultivation yields going past historical levels. It produced 62 grams of flowers on average as well as an additional extractable trim of 26 grams for a total of 87 grams per square foot.
Furthermore, the Q4 results showed an improvement as the revenue increased by 38% year-to-year to above $27.5 million. Consequently, everything is showing that the company is right on track and only a matter of time before it shoots up.
The share price might have dwindled, but the array of developments the company is taking will turn out to be the game changer. The company has made massive progress in strengthening its extraction capabilities.
Although the stock is trending lower, a breakthrough followed by a close over the $2 level should be happening anytime and reaffirm the company’s bounce back credentials.
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Disclosure: We have no position in MJARF and have not been compensated for this article.
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Terra Tech Corp (OTCMKTS: TRTC) A Bounce Back Play As Net Loss Narrows And Gross Margins Expand
Terra Tech Corp (OTCMKTS: TRTC) has retraced lower ever since it clocked 2019 highs at the end of the first quarter. The stock has crumbled under soaring bearish pressure. Amidst the steep pullback, the stock is a potential bounce-back play as it is currently trading at the lower end of a tight trading range.
Terra Tech Price Analysis
A plunge to the lower end of the $0.63 to $1 trading range leaves the stock in a precarious position. A plunge lower could elicit further selling pressure while a bounce back could result in the stock making run for this year highs.
In our view, the stock could bounce back on investors reacting to a string of positive developments that affirm the Company’s prospects. For starters, Terra Tech is fresh from launching a legal cannabis delivery services as it continues to pursue growth opportunities in California.
The Company is also fresh from delivering impressive financial results that indicate gross margin expansion as net loss from operations continues to narrow. The sale of Blum Desert is another development poised to strengthen the company’s financial position.
Terra Tech commencing cannabis sales to the adult use market should continue to excite investor’s, ideal for fuelling an upswing in the stock’s price action activity. With the stock appearing to have hit the floor after the recent pullback, a correction higher could be in the offing at the lower end of the trading range.
Namaste Technologies Inc (OTCMKTS: NXTTF) A Bounce Back Play On Robust Revenue
Namaste Technologies Inc (OTCMKTS: NXTTF) has had to contend with wild price swings, as investors reacted to delays in the filling of audited financial results and ousting of Sean Dollinger as the CEO. That could soon change, as the Company has come through and filled results that affirm robust revenue growth.
Namaste Technologies Price Analysis
However, concerns over widening net loss could hurt the stock’s sentiments in the market, at a time when it is in dire need of, groundbreaking catalysts to avert further slides. While the stock has bottomed out, it remains engulfed in a long-term bear trend.
The descending trend line could attract short selling pressure on the filling of negative news that arouse concerns about the Company’s long-term prospects. A spike to the $0.65 level essentially means the stock is at a critical resistance level.
Failure to rally and find support above the resistance level could elicit some form of selling that could see the stock trading sideways. Immediate support on any pullbacks from current highs is seen at the $0.40 mark.
A sell-off followed by a close below the $0.40 mark could result in Namaste Technologies resuming its downtrend, as has been the case for the better part of the past year. Conversely, a rally followed by a close above the $0.66 mark should pave the way for the stock to make a run for the $1.20 mark, seen as the next…
Cannex Capital Holdings Inc. (OTCMKTS: CNXXF) A Long-Term Play Despite Price Slump
A strategic merger with 4Front coming on the heels of Pure Ratios holding acquisition affirms why Cannex Capital Holdings Inc (OTCMKTS: CNXXF) prospects can only get better despite the recent price slump. The transformational events expand the Company’s operations into six U.S states signaling push for market value in the burgeoning cannabis sector.
Cannex Price Analysis
While Cannex has taken a significant hit in the market, it is still up for the year after an excellent start that saw it rally by more than 200%. The stock has since pulled lower in what appears to be a correction phase.
The ongoing pullback has since exposed the stock to a crucial support at the $1 a share level. A breach of the support level would leave the stock susceptible to further drops probably back to the $0.80 mark, a critical technical level.
For the stock to resume its uptrend, it first needs to rise and stabilize above the $1.20 mark, the immediate resistance level. The stock rallying and finding support above the $1.2 mark would open the door for bulls to fuel a rally back to 52-week highs.
Cannex is a diversified company that leases real estate properties and sells supplies to cannabis cultivators. The Company also offers financial services as well as branding and IP services to licensed cannabis operators. It is also focused on premium indoor cultivation extraction and branding of edible…