O/T Biotech vs Ag (Weed:-)The past weeks MMJ Index has risen 1000% gains on some OTC equities while the rest are enjoying market top momentum. One might think all the biotech money raced in for the ride.
There are a bakers dozen weed stocks SH is watching...many of these have no offical business plan. The ones on the OTC exchanges have better current operations...unfortunately, even they still need to consolidate some 10: 1 or even 25:1...
Three companies are in Ontario....Tweed via LWI funding via (TWD) april 1...wait for it. I believe they are taking over the Smith Falls hersey Plant.
EDSX is currently manufacturing, purchase orders nominal, and logistical integration taking place. However until they reverse split 3 B o/s shares...ouch....wait for it...
Similar...PHOT...same deal however this made the SH list...and is taking 25% stake in FITX...again wait for it before it too consolidates.
SH mentioned BUD and THC as the current momentum plays...just remember to get out of the sector before the initial bubble pops.
Vancouver just hosted a large conference these past weeks, which could explain the offset of money flow from biotech and into alternative or agriculture sectors. Next weeks the party arrives in Toronto, so the Weed may rave up to the next level.