GLAG has positioned itself perfectly for monstrous growth in the cannabis industry. Today's your chance to make big gains.
Want a stock that could produce triple-digit gains? Here it is.
Oil prices are mediocre. Gold is rising, albeit at a snails pace. Add to that the fact that many other industries are hurting right now or are trading flat, at best, and one quickly sees why traders are starting to think outside the box in order to book profits.
One such example is nutraceuticals. This industry isn't new; however, because of the growing demand for cannabis and hemp products companies are now starting to tap into a market that is just beginning to boom.
This is when opportunity comes comes knocking.
Gala Global Inc. (OTCPINK: GLAG)
The cannabis market is super-hot right now and I’ve found a monster of a play that I believe can provide you with potentially outsized gains over the near term.
If you believe that the early bird catches the most (and biggest) worms then you’ll definitely want to prepare to take a serious look at GLAG.
GLAG is focused on the development route for cannabis that has so far proven to be the biggest potential market – nutraceuticals. There’s also a hemp component that is focused on clothing. Whichever line you take, GLAG is poised for some serious growth potential and right now you are getting early-bird access.
Since March the company has been on the move; its added 44% to lower valuations since March and if match current valuation against the 12 month historical high, there’s at least 184% upside opportunity on the table. Even before you get to those levels there are profits to be swiped.
GLAG is trading below its 50 DMA and that suggests that at least 15% upside opportunity is on the table, near term.
There’s momentum too; GLAG has so far been flexing its upward muscle and has moved off support to record a 39 RSI on the daily chart. This early movement north doesn’t negate the possibility of a bounce though. Essentially, at current levels GLAG offers the best of a whole lot of profit possibilities.
You have to move on GLAG now because as California inches closer to legalization in 2016, the big boys on the block will be snapping up companies like GLAG.
Trust me; a .013 entry is the absolute best deal you’ll see for this gem going forward so make your move now.
Check out the chart…
Here’s a link to the chart: http://stockcharts.com/h-sc/ui?s=GLAG
About
GLAG (GALA Global, Inc.) is a publicly traded development stage company which plans to expand in the Hemp and Cannabis industries.
GLAG is refocusing its purpose on the development, research, and commercialization of products derived from Hemp and Cannabis Plant, while expanding the clothing operations and upcoming Hemp based fiber apparel and accessories division under the direction of the internationally recognized designer Paul Frank.
Legal Cannabis Market In California Could Hit $10 Billion
With California’s top cop calling legalization ‘inevitable‘in the Golden State, the question remains: how big would a legal market be?
Marijuana’s federal illegality obscures the market’s dimensions, but with legalization in other states, researchers can begin to estimate the scale of the business on the West Coast. Colorado’s legal cannabis market grossed $700 million in 2014, on its way to $1 billion by 2016, the Washington Post reports.
California NORML executive director Dale Gieringer estimates this week that the Golden State’s market could be ten times that size. The total adult-use demand for marijuana in California is estimated at 1,000 tons, or 2 million pounds per year.
The size of California’s retail market will depend on the price of marijuana. At today’s retail price of about $320/oz, the total California market comes to $10 billion.
The main caveat is that legal pot would likely be dramatically cheaper, because 90 percent of cannabis’ price consists of a risk premium, and black market inefficiencies. “At the current Israeli retail price of $64 per ounce, the market would come to just $2 billion,” Gieringer states.
News Development
Gala Global Reveals the Creation of a Specialized Medical Marijuana Advisory Board to Consult on Marijuana Business in California
GLAG has created a seven person advisory board that will specialize in maximizing Gala Global's business development in light of California's new landmark marijuana legislation. This announcement comes with the introduction of five new members that will merge into the two-person advisory board formed back in October 2015.
The new advisory board will focus on the individualized needs of each one of the Company's subsidiaries and affiliated companies: Cannabis Ventures, Inc., a company that focuses on the commercialization of cannabis and hemp, CBD Livin, which delivers products such as oils, lotions, water, teas and vapor pens and Cloneville (CCSC), an affiliated organization that has been at the forefront of the legalization and medical marijuana movements. Each member of this seven person advisory board will bring a specialized knowledge and experience tailored to the different facets of each one of the Company's subsidiaries and affiliates.
To learn more about GLAG please visit their website: https://galaglobalinc.com/
The upside potential here is clear to see; GLAG could easily deliver on its 15% upside and beyond that create the perfect storm of trading profits.
Move on GLAG with purpose, there’s money to be made.
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