Keeping a closer eye on MJ proxy CBIS with recent acquisitions / Bullish Cohen report / Eight new product releases this month in Europe.
Focus on base building near .03 as they are set to monetize with extremely rapid revenue acceleration in the next 4 years.
Earlier this spring, Cohen Research issued an extensive and quite bullish report on CBIS with a .19 price target.
They referred to the stock as one of the few MJ related pure plays. The company was created back in 2009 before all the buzz hit the market on the sector.
Recently they announced a major acquisition in an interesting sector:
- Cannabis Science Acquires Pet Care Manufacturer and Distributor Equi-Pharm & Enters the $60 Billion Pet Care IndustryPR Newswire(Thu, May 7)
......"We are currently developing the first three new cannabinoid-enriched pet products right now and will be available to the pet market within a matter of weeks through our current distribution channels....."
Highlights from a recent, quite bullish report from The Cohen Report:
In a few short months, new CEO and President Mr. Raymond C. Dabney has restructured and redirected the business model, adding revenue producing businesses and expanding the CBIS footprint worldwide......Management has built strong partnerships.The Company estimates forecast revenues will grow from $0.1 million in FYE December 31, 2015 to approximately $64.52 million by FYE 2020.
Technical of interest:
On the long term chart the stock is back at the levels it was (.025) prior to it's metoric rise at the start of 2014. So current levels carry even more merit from this psychological support standpoint, Not to mention all the intellectual properties, numerous acquisitions, stellar mgmt now at the helm, and on and on on the fundamental side.
Bottom Line: First of all, the stock is sitting at a 2 year low.....Second they are about to go commerical and not just with one product....Projections are quite bullish and very realistic in our opinion...What their new CEO has done in just a few short months/The number of alliances he has established is proof in clout/drive......In addition, potential investors can't forget their ever expanding intellectual property which is the real key here. And if This country decides to go legal on the national level, which obviously seems to be where it's trending.....well.....So with all said, the risk/reward at present levels is increasingly appealing.
Disclosure: Greenbackers expects to receive compensation from CBIS to assist in expanding awareness, given recent/upcoming events during the month of May.
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