Ventura Cannabis and Wellness Corp CVHIF

Healthcare Drug Manufacturers - Specialty & Generic

Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited to their needs: senior citizens, upwardly mobile middle-aged female professionals, upwardly mobile middle-aged male professionals and individuals suffering from addiction.

GREY:CVHIF - Post by User

Ventura Cannabis and Wellness Corp

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Comment by SkipperTon Mar 14, 2017 11:14am

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Post# 25976319

RE:Normal technical pullback

Yes, one should expect some profit taking after such a quick run up. I was lucky in doubling down at $0.85 but my average is still 0.16. If it holds above the old .12 resistance level the next level should be around .30.

I don't feel that the RSI of 80 means much here as the stock has been severely depressed over the past year. The RSI figure is based mainly on the stock's movement over the previous 2 or 3 weeks generally. If the RSI for CXV was measured over the past year it would be more in the 20-30 range rather than 80.

CXV seems to be chasing PHM and there should be lotsof upside for both. JMHO.

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