GREY:ORVRF - Post by User
Post by
maysilverstoneon Aug 23, 2021 5:58pm
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Post# 33752597
$ORCD- Orchid Ventures
$ORCD- Orchid Ventures $ORCD is down 8% today to $0.23. I'm buying the dip considering they announced that they reached their highest month in closed sales since last fall only 18 days into August.
They reported over $545K USD in sales closed so far for August with sales primarily coming from PurTec Delivery Systems product sales to cannabis companies in Cali, Florida, and Oregon.
Also glad to hear that their launch into Cali has gone very well and all current accounts are being serviced by the Gold Flora sales and distribution company, RYL Distribution.
Their Gold Flora Naked AF line has been receiving a strong retail response, and with the launch of their new PurTec Denali disposable vaporizer, volume expectation and repeat orders are expected to be 25k+ units on a monthly basis for the balance of 2021.
Additionally, their new PurTech website launched last week along with the age-verification software, PurGuard, which is aimed to limit the usage of cannabis vapes by minors.
Now that their sales pipeline is growing and marketing campaigns are in full force, $ORCD with a small mc of $10.41M, will be seeing some continued major growth.