Hi Everyone,
So, allow me to start off by stating the obvious fact...The cannabis industry is about to take off like a rocket and I have the short term gem that is poised to deliver potentially strong out-sized gains.
Lawmakers are now getting around the idea that there is little point in trying to stop wholesale legalization. In April, Pennsylvania became the 24th US state to legalize the drug for medical purposes and there are several states with pending legalization. California could soon join Colorado, Washington and Oregon that have all legalized the drug for recreational use.
A California “Yes” to legal recreational pot would be huge and would add to already exploding profits being generated in the industry. 2015 saw the biggest gains yet with total sales soaring past 5.4 billion usd – 17.4% up on the 2014 figure of 4.6 billion usd.
Our Next Big Cannabis Craze Pick is:
CrowdGather, Inc.: CRWG
CRWG - Very strong growth potential owing to the following;
1. Holy smoke! The cannabis market is on track to hit 20 billion usd by 2020! With no slowdown in sight...Medical marijunia has opened the flood gates for this strengthening, booming industry to blossom towards new heights.
2. CRWG is establishing itself as a go-to facilitator of financing for cannabis and digital startups; this gives it growth flexibility over a vast area in the cannabis industry.
- Acting as a safe haven, safety net if you will provides Crowd Gather with all the tools towards fruition via top-line as well as bottom-line figures ahead.
An Look Inside: CrowdGather, Inc.
CRWG (CrowdGather, Inc.) is an investor, acquirer, operator and owner of digital assets in the consumer and cannabis sectors. In 2016, CrowdGather intends to launch a crowdfunding portal at CrowdGather to assist cannabis and digital startups in procuring financing.
The Company's online publishing network is anchored by DIY community builder Yuku.com, while its cannabis holdings include long standing online communities WeedTracker and RapMusic. CRWG is headquartered in Woodland Hills, California.
Start your research here at the company's website: http://www.crowdgather.com/
The Press Wire: CRWG Announces Corporate Restructuring to Focus on Cannabis and Publishing Assets
Sale of Plaor Gaming Subsidiary for 3.5 mm usd; 43% Reduction in Corporate Debt; and Fixed Price Conversion of Remaining Convertible Debt
CRWG recently announced a corporate restructuring including the recent sale of CrowdGather's gaming subsidiary, Plaor, Inc, as well as an agreement with the Company's creditor, Iconic Holdings, wherein they will begin a negotiated conversion at a fixed price of $0.01 per share in order to allow the Company the opportunity to complete an equity financing at the same price over the coming period. As part of any proposed financing, CrowdGather's CEO may also convert up to $240,000 of money he lent the company last April at similar terms as long as the total of any such financing not exceed $1 million in aggregate.
"Since the inception of CrowdGather," said Company Chairman and CEO, Sanjay Sabnani, "we have built up and been forced to divest two businesses that we built to record levels of revenue. First our social media assets in the forum space, then with this sale of Plaor, we have sold our gaming business.
Along the way, however, we have acquired a significant expertise on both the digital asset acquisition and sale side, but also in user acquisition for sites, apps, and games. Now with our remaining forum assets including WeedTracker.com, we intend to apply all of our experience -- transactional and digital -- towards creating a dynamic operating company in the cannabis sector.
We are anticipating significant operating losses from our remaining business in the near term, but cost cutting measures over the past few years has significantly reduced out net cash expenses. Our goal will be to push as hard as we can to achieve break even by the end of the year if we can cost effectively acquire capital."
Read the full news source here: http://finance.yahoo.com/news/crowdgather-announces-corporate-restructuring-focus-130000917.html
CRWG: Technicals Indicating the High Road is Just Ahead
CRWG - An Elevated Move Looks Imminent: http://stockcharts.com/h-sc/ui?s=CRWG
CRWG has seen valuation surpass past the 50 DMA of .0193. This indicates that the play is building near-term momentum and that a breakout is possible.
RSI is 49 and uptrending. In the past when CRWG has hit 70 RSI, valuation has risen to as high as .05 which suggests up to 150% upside potential from current levels.
CRWG traded as high as .135 over the last 12 months and offers unbelievable upside opportunity from current levels.
CRWG delivered up to 50% intraday gains on April 4 after opening at .02 and surging to a high of .03.
It would be difficult to find a more compelling technical setup then CRWG here; the stock is seriously primed on so many levels and way oversold as well as super exciting, it's currently trading at extremely cheap valuations but growing very fast!
Bottomline here is this represents a pure play on the one of the most sought-after growing industries in the world bar-none!
Before turning on the BBQ this evening, take a quick 30 seconds towards executing best possible entries and fills immediately by keyword logging our SMS text message system hence get the symbol at the soonest possible moment.
Yes, simple as texting the word, "StockRun" to 25827 right now and you're done!
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