Exciting proposition here with Cannabis + Tech FocusI for one am really excited about how MTEC is playing out. Recent IPO, numerous news releases as the company ramps up, constant communication, this is a very different company than the one it was spun out of. It looks like the holders of free spin out stock might be done selling, so there blue sky potential with the share price given the following.
(1) Appx 38 million shares o/s. That means the current market cap is appx 17 million. This for a high growth ambitious play in a hot sector.
(2) They address a real need in the sector. Companies cannot advertise. The gov't is hardly going to fulfill the educational needs of users. So how exactly are companies going to match up with recreational users which are expected to be a huge market? How are users going to select which brands/types/THC:CBD strains they would like to try and buy? This is where MTEC is going to shine and the market hasn't figured that out just yet.
(3) Management are clearly high caliber businessmen (and women). Roll out has been perfect - media, education, interviews, releases of platform, informing both the public and investors frequently. How many companies can you say are doing the same?
I am a shareholder and don't plan to sell until it's clear of $2 (market cap of $75 mill or more). They are already showing revenues and I bet the growth will be incredible, that's when the market will catch on and the shares will catch fire. I'd rather buy at the ground floor and wait as the company grows into my target because they are doing all the right things to make it happen.
GLTA