United Treatment Centers, Inc. (OTCMKTS:UTRM) Attempts Another Upward Run
United Treatment Centers, Inc. (OTCMKTS:UTRM) is headed for another minor run, as it retired a part of its overblown share structure. Now, without further boosts from publicity, UTRM runs up on inertia, adding another 26% to $0.0043. UTRM is famous for trying to be the leading provider of TV content for the marijuana industry- with little success so far.
The weekend sees UTRM full of renewed hope, with investors’ comments pointing out that the days of accelerated climbing may be still ahead. The next week indeed may come with a turn of tides, as the past period held rather pessimistic days, sinking down even leading marijuana companies. There are enough promotional messages on investors’ forums, including the expected launch of a new website- a minor event, though one with the potential to be worked for attention, in the form of PR.
We are still very wary to call UTRM “The Google of the Marijuana sector”, as the company is hardly adequate financially, holding just:
- $7,000 annual revenues
- $293,000 annual net loss
- $1,000 cash
- $441,000 total current liabilities
There is a large problem with so called cannabis companies that offer services quite unrelated to the central meaning of the sector- delivering the goods to users. UTRM will be competing with the general glut of content on almost any topic, so its efforts may in the end only serve the short-term task of ensuring publicity.
UTRM lines up with other similar cases that promise technological solutions for the MMJ sector. Intelligent Living, Inc. (OTCMKTS:ILIV) offered a rather generic mobile application, with a little twist to make it look appropriate for the medical cannabis industry. This made ILIV grow several times, though after the initial success, the ticker went on to stagnate and drift sideways toward $0.007.
On the other hand, it was a promise of selling software that shot BreedIT Corp. (OTCMKTS:BRDT) up to a long and fruitful stock climb, as the company announced potentially lucrative partnerships. The difference is that BRDT would be selling its software license to an Israeli company. BRDT currently stands around $0.83, after a small retreat on a generally bad day for most prominent marijuana stocks. Only yesterday, BRDT was the fastest daily grower on the Marijuana index.
UTRM remains a cat in a bag, and while at this price there is large breakout potential, the ticker is still at risk for volatility, or for returning to slimmer trading. UTRM received some favorable opinions from investors, but it is best to stay away from double-zero positions, unless you can afford the deep price cuts that they often suffer.