BAMM - Bullish Momentum, after cracking mid 80c resistance

Updated: After a strong close to the week on Friday, Monday saw a battle against long standing sellers, viewing Lv2 over the past few months there were large asks stacked from $0.80 all the way up to $1.00, these asks totalled near 1 million shares. This made an extremely heavy resistance zone , however after 6 full trading days around $0.80 the Seller capitulated and had enough liquidity to exit their position in the low 80c range, this was a strong testament to the bulls here and weakness from the seller. Today had decreased volume but with little resistance left and seemingly less reason to sell at these levels the price broke out above the 90c level for the first time in nearly 4 months (December 6, 2018).

In my opinion this strength lends to the ability for BAMM to continue its momentum push upward, being currently valued ~$66 million dollars, Body and Mind had a buy out offer 15 months ago from TGIF aka 1933 Industries valuing them at ~$115 million, with significant business growth in the same time period, a share price target of $2.00 would get them to a little more than that $115 million dollar market capitalization, but warranted given the growth.

Financials were posted yesterday on Sedar, and demonstrated 303% YoY growth in Gross Revenue for 6 months ending January 31,2019 and 44% YoY growth in Gross Revenue for 3 months ending January 31, 2019. These financials show great growth, however do not yet capture their new dispensary in Ohio, the Clubhouse which opened February 20th and sold out first day, showing the demand. Nor can it include yet the revenue from their investment in GLDH - ShowGrow which is a Highly profitable private group of 4 dispensaries in California and Nevada, but not fully rolled into the company as of yet. The next 6 months should get really exciting revenue wise and could make this a great entry for the next 6+ months

Original Post: After a 3 month long consolidation with-in a pennant US Multi State operator, Body and Mind: BAMM:CSE or BMMJ:OTC has broken out bullish with increasing volume and price CSE:BAMM . Fundamentals of the company are strong, with significant operational growth in the past 2 quarters. Financials are due out soon and should begin to reflect the growth in operations. With backing from Australis: AUSA:CSE, this could be a great long entry for a Small Cap MSO that has big growth potential in California, Nevada, Ohio and now Arkansas.

In it to win it. Great summary. BAM!
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