AVT, Inc. (OTCMKTS:AVTC) Roars Into View as More Cannabis Stocks Demanded
Pot stocks- a new name for the gift that keeps on giving. Every day, we are seeing old and new ones popping up, so today, it is the turn of AVT, Inc. (OTCMKTS:AVTC) to reveal its unique risks and opportunities.
AVTC made a huge spike to $3.75, adding more than 177% on buying volumes above $3.64 million. At this price range, such a gain is quite unusual, and in the past reserved for sub-penny tickers. And all of this was achieved without a promotion, merely by having AVTC appear as a unique producer of medicine dispenser machines. Of course, this means that AVTC is compatible with the medical marijuana industry.
Added to this is the fact that AVTC uses the Medbox systems, until now fitted to allow access to regular prescription drugs. The partner, Medbox, Inc., is a respectable company traded at $66 per share, reaching a market cap of about $1 billion.
AVTC has a well-developed business with kiosks, dispensing machines and other convenience technologies, which it already spreads to airports and other locations. Strangely, despite all those bright claims, AVTC is listed as a pink sheet company, with no updated information. All of this brings an air of unease to an otherwise solid-looking ticker. The latest reports, from 2012, show that AVTC was back then profitable, with:
- $1.5 million annual revenue
- $826,000 net income
- $610,000 cash
Those are numbers of a company holding much promise. Now, it is only a matter of time to see how far indeed investors will be clamoring to get the already pricey stocks. For AVTC, an uplisting may be a viable option, just like other tickers attempted in the past weeks, due to heightened interest in the sector. Still, it remains a risky bid to choose a small company before it has moved to a larger exchange. And for AVTC, pumpers may become interested in the near future.
MCIG, Inc. (OTCBB:MCIG) is a recent mover that also appropriated an existing technology for the medical and recreational cannabis use- in that case, electronic cigarettes. MCIG is at a much lower range, between 13 and 16 cents in the past days.
If you are looking for raw momentum, look no further than fast mover GreenGro Technologies, Inc. (OTCMKTS:GRNH), which changed gears a few days ago and now it seems like there’s no stopping. GRNH added a further 182% to stand at 52 cents, as prognoses abounded for a deserved price of a few dollars.
We expect that the marijuana sector may be extremely exuberant in the next few weeks, if not longer. But individual stocks would still offer unique risks, so it is best to estimate if you can afford the losses if your preferred selection starts to slide back.