Long
$MCTC Technicals and Fundamentals Line Up Well
$OTC:MCTC is coming off a broken downward-sloped trendline, building an accumulation base at long-term support on a foundation of a nicely formed Bullish MACD Divergence as the company starts to commercialize its leading proprietary cannabis edibles infusion technology.
MCTC Holdings Inc (OTCMKTS:MCTC), now doing business now as Cannabis Global, Inc. (MCTC), is starting to look like an interesting under-the-radar speculative opportunity in the small cap cannabis space for a number of reasons.
This is an IP-driven story that is beginning to aggressively commercialize its portfolio of pending patents through verticalization and partnerships in the red-hot California cannabis market.
That even includes a recent move to enter the $10B cannabis delivery space, which has been in a persistent boom that goes back to even before the COVID-19 stay-at-home catalyst.
From the company's most recent release:
"We continue to verticalize operations from an IP-driven base, stacking a core technology and R&D edge under growing manufacturing operations, and now we have added an essential piece of that puzzle: an established leadership position in cannabis home delivery in the largest municipal cannabis market in the world," commented, Arman Tabatabaei, CEO of Cannabis Global. "Whisper Weed is cash-flow positive, profitable, and growing rapidly in terms of volume and end-market footprint. Our aggressive growth strategy continues to move forward ahead of schedule. And this expansion into the rapidly growing California cannabis delivery space is an integral part of that plan."
MCTC Holdings Inc (OTCMKTS:MCTC), now doing business now as Cannabis Global, Inc. (MCTC), is starting to look like an interesting under-the-radar speculative opportunity in the small cap cannabis space for a number of reasons.
This is an IP-driven story that is beginning to aggressively commercialize its portfolio of pending patents through verticalization and partnerships in the red-hot California cannabis market.
That even includes a recent move to enter the $10B cannabis delivery space, which has been in a persistent boom that goes back to even before the COVID-19 stay-at-home catalyst.
From the company's most recent release:
"We continue to verticalize operations from an IP-driven base, stacking a core technology and R&D edge under growing manufacturing operations, and now we have added an essential piece of that puzzle: an established leadership position in cannabis home delivery in the largest municipal cannabis market in the world," commented, Arman Tabatabaei, CEO of Cannabis Global. "Whisper Weed is cash-flow positive, profitable, and growing rapidly in terms of volume and end-market footprint. Our aggressive growth strategy continues to move forward ahead of schedule. And this expansion into the rapidly growing California cannabis delivery space is an integral part of that plan."
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.