30% gain on news of licensing agreement with Gold Flora
Amazing day for $ORCD. Hit $0.40 today up 31% trading with around 2.5x average volume on news with a licensing agreement with Gold Flora (Californian cannabis company with interests in cultivation, manufacturing, distribution, delivery, and retail).
“Gold Flora will be assuming all production, sales, and distribution of Orchid Essentials products throughout the state of California.
Gold Flora will also be purchasing all hardware, packaging, and terpenes through PurTec Delivery Systems, a wholly owned subsidiary of the Company.”
Orchid Ventures is a cannabis company that mainly provides a large lineup of THC, CBD, and vape products across the US and Canada. This is just another step in the right direction by $ORCD to grow their Orchid Essentials brand. Still fairly undervalued here at $18M IMO as they near their 52wk high at $0.42. I expect it to reach new highs soon!
https://www.bloomberg.com/press-releases/2021-05-04/orchid-ventures-announces-licensing-agreement-with-vertically-integrated-gold-flora
(CSE: ORCD) (OTC: ORVRD)