TSXV:JWCA is an underrated cannabis company with tremendous upside. First lets dive into the technicals and then look at the long term for this stock.
Looking at the Fibonacci retracement from the swing high on Sept 19, 2018 to the swing low on Dec 21, 2018 we can see that TSXV:JWCA broke and closed above the 50% Fib Level.
If we check back to the beginning of the year we can clearly see an established resistance and support zone between 23.6% and 38.2% Fibonacci levels. 38.2% fib resistance level was broken and a new zone was established and tested a few times which was proven by the the confluence of the 50 Day EMA and 100 Day EMA which has now crossed over and helped with a breakout to push JWCA over the 50% Fib level.
I checked this back with other strategies below:
Now let's dig in to see why JWCA would be good for a long term play.
JWCA uses aeroponics growing methods which have many benefits. Many of the benefits that stand out are lower costs, greater efficiency, and increased yield since there is no need to dedicate space to soil. All of this can be read up in more in depth by having a look at this article: https://investingnews.com/daily/cannabis-investing/aeroponics-crop-cultivation-cannabis-food-production-unusable-farmland/
JWCA currently operates out of a 14,904 sq ft. facility to produce 1.5 million grams of cannabis annually. Currently under construction and expected to finish by 2019 second quarter is a 345,000 sq ft. facility which is estimated to increase production to 28.5 million grams annually. Although that doesn't seem like much, it is actually 1900% increase in production! I suspect to see the price to reflect as much.
I have had this question before regarding patents on their aeroponics and the answer in the article below. Their proprietary methodology, Growthstorm is currently being used to harvest 1.5 million grams annually. Perhaps some tangibles can be drawn to see how much more efficient the aeroponic system is compared to the conventional growers.
JWCA also has strategic partnerships with
WEED
and TSXV:RIV which allows them access to high-quality genetics, oil extraction infrastructure and access to retailing.
More about this can be read at: https://smallcappower.com/analyst-articles/james-e-wagner-cultivation-stock/
Looking at the Fibonacci retracement from the swing high on Sept 19, 2018 to the swing low on Dec 21, 2018 we can see that TSXV:JWCA broke and closed above the 50% Fib Level.
If we check back to the beginning of the year we can clearly see an established resistance and support zone between 23.6% and 38.2% Fibonacci levels. 38.2% fib resistance level was broken and a new zone was established and tested a few times which was proven by the the confluence of the 50 Day EMA and 100 Day EMA which has now crossed over and helped with a breakout to push JWCA over the 50% Fib level.
I checked this back with other strategies below:
- ADX Curve, showing positive momentum and the + DI Line above the - DI line
- Ichimoku Strategy is currently holding and trading well above the cloud. The conversion line is also above the baseline.
- 50 Day EMA Crossed over the 100 Day EMA
Now let's dig in to see why JWCA would be good for a long term play.
JWCA uses aeroponics growing methods which have many benefits. Many of the benefits that stand out are lower costs, greater efficiency, and increased yield since there is no need to dedicate space to soil. All of this can be read up in more in depth by having a look at this article: https://investingnews.com/daily/cannabis-investing/aeroponics-crop-cultivation-cannabis-food-production-unusable-farmland/
JWCA currently operates out of a 14,904 sq ft. facility to produce 1.5 million grams of cannabis annually. Currently under construction and expected to finish by 2019 second quarter is a 345,000 sq ft. facility which is estimated to increase production to 28.5 million grams annually. Although that doesn't seem like much, it is actually 1900% increase in production! I suspect to see the price to reflect as much.
I have had this question before regarding patents on their aeroponics and the answer in the article below. Their proprietary methodology, Growthstorm is currently being used to harvest 1.5 million grams annually. Perhaps some tangibles can be drawn to see how much more efficient the aeroponic system is compared to the conventional growers.
JWCA also has strategic partnerships with
WEED
and TSXV:RIV which allows them access to high-quality genetics, oil extraction infrastructure and access to retailing. More about this can be read at: https://smallcappower.com/analyst-articles/james-e-wagner-cultivation-stock/