At the end of May the company left behind the name Triton Distribution Systems Inc and the ticker TTDZ and acquired the new identity of Green Cures & Botanical Distribution Inc. (OTCMKTS:GRCU). Unfortunately the change failed to reinvigorate the enthusiasm towards the stock and for the next three weeks it went nowhere but down.
dropped from a high of $0.036 to as low as $0.013 representing a loss of more than 60%. In fact starting from June 5 the company suffered corrections for seven sessions in a row. This week though investor sentiment seems to have drastically changed and GRCU
has been rapidly retracing its steps up the chart logging in three days of gains. Yesterday they jumped by another 17% and closed at $0.0219.
The sudden reversal happened on no official news coming from the company. The last PR was issued on June 9 and contained little more than fluff. Perhaps the only important information in it was GRCU‘s
expectation to remove the yield sign on their OTCMarkets profile when the financial report for the second quarter of 2014 gets filed.
The current rising trend was more than likely sparked by speculation concerning the National Cannabis Association exposition that is going to take place this Sunday in Las Vegas, Nevada. During the event GRCU
are going to showcase their product line and possibly unveil their first CBD derived product.
All seems to heading in the right direction but there are some serious red flags around the company that demand the use of caution. GRCU
have been offering a couple of products on their official site but for now no sales figures have been revealed. Not to mention that according to the latest quarterly report at the end of March the company had ZERO assets and was sitting at 1.9 billion outstanding shares out of the 2 billion authorized. Even if you believe in the potential of the company be sure to
take into account all the risks before jumping in.
Yesterday the stock of Terra Tech Corp. (OTCMKTS:TRTC
) tumbled downwards by 5.6% and closed the session at $0.59 despite the fact that just a couple of days ago the company successfully received permits for the cultivation and production of marijuana. The stock of In Ovation Hldgs In (OTCMKTS:INOH
) on the other hand slashed 36% of its value and crumbled down to $0.0047.