I hope that you are all enjoying the weekend. Our last one was fairly stagnant so we have been looking hard for something with serious potential.
We think we have found just that; this one is in the hottest sector on the planet, responsible for most of the biggest winners in recent bb history and it just hit a huge reversal point of $0.03.
My pick is NGMC
Currently sitting at just .033 NGMC looks set for some serious movement to the upside; the company has just shifted its focus to the exploding Med Mj/Cannabis space and has even gone as far as dedicating a subsidiary to the process.
In the last few weeks the announcements have been flowing and the company is in the advanced stages of setting up dispensaries in Southern California.
Even better news is the announcement of a 20% acquisition in a Los Angeles dispensary – a move that puts NGMC on the profit front lines of one of California’s hottest markets.
Naturally this has translated into massive attention for the play and so far the momentum hasn’t disappointed expectations.
Just last session the company dropped another explosive news announcement: NextGen Cannabis Consulting Opening a Med Mj Dispensary In Hollywood, CA
NGMC subsidiary, NextGen Cannabis Consulting, LLC, today announced that it has executed a lease for a new Med Mj dispensary in Hollywood, California.
Darryl Reed, CEO of NGMC, said the dispensary should be open to patients by June 1, 2014. "We will continue to seek out additional locations as part of our aggressive strategy to open multiple dispensaries in Southern California," Mr. Reed said."The opening of this new dispensary will allow NGMC to implement our Dispensary Manage System (DMS), which we have spent a great deal of time and effort planning. This includes a full suite of Cannabis management software that provides seed to sale inventory control, point of sale and financial reporting. Our systems will meet or exceed current California rules and regulations. NGMC will also implement a state of the art audio/video security system and 24 hour monitoring," Mr. Reed said.
In addition to its dispensary operations NGMC is researching a warehouse location to operate its medical mf growing facility. "We will install state of the art equipment and horticulture techniques to accommodate the needs of our patients. We will be offering the highest quality Med Mj from well-known strains to our patients," Mr. Reed concluded.
READ MORE: http://finance.yahoo.com/news/nextgen-cannabis-consulting-opening-medical-131600350.html
As I said NGMC operates in the hottest sector on the planet, technically NGMC is as primed as it gets; it has just moved to the bottom of its range creating a unique opportunity to get this one cheap.
The volume does not lie, NGMC is in play and every indicator points to a massive reversal off the $0.03 back to $0.10 at the top of its range.
That’s 200% over current levels.
Remember that timing is everything - this is your chance to get NGMC at the bottom, before it moves back to the top of its range. I will have more info on this one before the bell so keep your eye out.
