Up 2.9% today to $0.35 with a market cap of only $15.84M, $ORCD is MAJORLY undervalued IMO.
A cannabis company with THC and CBD products across California and Oregon, Orchid Ventures will be seeing huge growth as they continue to expand their brand into other markets such as Nevada, New York, Puerto Rico, and Canada.
They recently announced a licensing deal with Gold Flora for the Orchid Essential brand in California. Gold Flora, a cannabis company with operations in cultivation, manufacturing, distribution, delivery, and retail, is one of the highest growth operators in the state.
This partnership will position the Orchid Essentials brand to accelerate its expansion and continue its path to being a leader in the largest recreational cannabis market in the world-California. (Link: https://ir.orchidessentials.com/prviewer/release_only/id/4713154)
I'll be keeping a close eye on this one.