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Potential Massive Double Bottom. (CANN)Looking at major s&r levels on general cannabis Corp otc pennystock. I will throw a couple of shares in the portfolio on a potential support play. Just a buy and hold small diversification and I'll forget about it. If respects levels we could probably get a pop up towards $1 - $1.25 My indicators are not providing a buy signal, just a potential support play. Sometimes you just feel like rolling the dice 🎲🎲 Longterm hold. Diversify! Never go all in, especially OTC Markets!
OTC:CANN
by UnknownUnicorn2319099
1
General Cannabis Corp. on Alert General Cannabis Corp. is a holding company, which is engaged in the provision of lease growing space and related facilities to licensed marijuana business operators. It operates through the following segments: Security, Operations, Consumer Goods, and Investments. The Security segment provides advanced security, including on-site professionals, video surveillance and cash transport, to licensed cannabis cultivators and retail shops. The Operations segment offers consulting services to the cannabis industry that include obtaining licenses, compliance, cultivation, retail operations, logistical support, facility design and building services, and expansion of existing operations. The Consumer Goods segment includes pursuing relationships with non-cannabis national and regional apparel retailers and distributors, as well as expanding product line nationwide within the cannabis industry. The Investments segment includes expanding portfolio of loans, potentially launching a loan origination and servicing business, and investing in high-growth potential companies within the cannabis industry. The company was founded on November 12, 1987 and is headquartered in Denver, CO.
OTC:CANN
by OTCMarketsExpert
CANN - The one stop shop for legal weedWith General Cannabis Corp. (OTC: CANN), you are investing in the end of marijuana prohibition with a company that quite literally does it all. This Denver-based firm is like a weed mutual fund. It offers real estate and consulting services, dispensary security, and financing for cannabis companies. It also supports cannabis companies with brand development, product design services, and more. General Cannabis also grows cannabis for its own sales and helps new producers get started in the business. The company already has major clients in several states and is perfectly positioned to profit from the 15 states set to legalize marijuana this year. Anybody looking to enter the cannabis business at any level may have little choice but to do business with the firm. The security component of General Cannabis’ operations, Iron Protection Group (IPG), represents a compelling opportunity. You see, as long as federal cannabis drug statutes remain inconsistent with state cannabis laws, most banks – especially federally insured ones – refuse to handle transactions from cannabis retailers and growers. Those cannabis operators have been forced to rely almost exclusively on cash to transact business. And that’s left a tremendous need for security, which is where the IPG comes in. While banks will likely eventually start accepting commercial deposits from weed companies, a growing number of cannabis-based enterprises will still need to secure their stores and move their cash. And agricultural security, especially for highly remunerative strains, will remain a challenge for growers and a serious long-term growth opportunity for IPG. So right now, IPG’s business is tied to the planting and harvesting cycles of the crops. That cyclicality affects earnings, which wax and wane with the seasons. But that’s why smart companies diversify. General Cannabis can offset declining earnings in one division via growth in another. General Cannabis is essentially a “one-stop shop” for ambitious weed startups. One of its clients may begin working with Chiefton branding, then hire a Next Big Crop consultant, and then start working with IPG.
OTC:CANNLong
by johntuca
CANN short tomorrowPerfect n°6 pattern. This stock is up beacause the marijuana sector is getting hotter again since its going to be legalized in canada and maybe even in usa but this will affect the stock price in future: as for now the psychology and the patterns beat the news/rumor (maybe we'll have a V price ation similar to that we had at the end of december and at beginning of january). Anyways if it breaks $4 i think it can drop to $3.65ish or best case scenario $3.25ish.
OTC:CANNShort
by LucaCollinelli
CANN - Head and Shoulders or Cup & Handle on a weekly chart??This trade is somewhat more complex for my taste with a number of different short term and long term plays.. However, the overall trade is to the long side based on the weekly and daily charts.. As you all know, this is purely speculative based on the chart pattern.. What started out as a short term trade has now shifted to a long term trade.. I entered very early at 1.25 on Nov. 7th with a tight exit around 1.10 for a short term trade to 1.80 area.. Then, I started to explore the chart in more depth and found what I liked on the weekly.. It seems a head and shoulders or cup and handle could be taking shape.. Either way, a bottoming formation could be in route.. I would have liked to have added more to my position, but recently, the stock has moved up so much and so fast that I'm going to wait.. I think the chart explains it all, so please share your feedback or insights.. Thanks!!
OTC:CANNLong
by joker-trader
1
Possible MJ bounce coming in AugustPossible bounce play for MJ penny stocks. It may be time for gains in the MJ sector, but I feel it will be short lived. Plenty of possible profit still. Clearing $2 is a good sign of strength. The 1st target is most likely and the 2nd target is questionable. If the 2nd target is a go then daily price needs to stay above the 10ema area and later ride up the 3ema. I can see a type of Elliot 5 wave forming with this is idea. I'm not crazy about wave counts, but sometimes they show up. Jeff Sessions has been seemingly under fire and rumors are surfacing of him leaving office. I don't think he'll get the boot or a Trump firing. This may be a case of buy the rumor sell the news. We'll see... Don't get caught up in the hype is this idea takes off.
OTC:CANNLong
by 7878max