Yesterday we saw another monster performance from a “pot stock”…
Integrated Cannabis Solutions (IGPK).
Shares opened up at $0.20 and spiked 240% higher before closing at $0.40. Not bad huh – and it’s at it again today!
The funny thing with these stocks is they don’t even have to have marijuana operations – they simply just need the association and investors eat them up like pot brownies.
If you looked IGPK’s finance.yahoo profile it still reads:
Integrated Cannabis Solutions, Inc. engages in the development and deployment of integrated wireless parking enforcement data collection and management solutions for on-street and off-street parking.
Ha.
Then yesterday they announced that their “core focus” will be on providing regulatory assistance to new and existing legal cannabis businesses that are trying to navigate their way through this heavily regulated industry. So in other words , nothing really.
But it doesn’t matter – there are dozens of stories like this and there will be dozens more to come out. Everyone and their brother are trying to take a pot company public or adapt their business to have a ‘pot segment’.
And why not – when you can bring a company to the market that “provides regulatory assistance” that goes from $0.20 to a high of $0.81 today (for an amazing 305% profit) why wouldn’t investors jump all over everything and anything pot related?
Now just imagine when an actual pot company, with revenues and operations, comes to the market. It’s not unimaginable that a company like that could literally provide thousands of percent gains in a single trading session.
And if you don’t believe me – take a look at some of the biggest pot winners this year.
GWPH – GW Pharmaceuticals – experienced a 38% jump in just 21 days, as shares moved from $38.39 to $51.36
- MDBX – Medbox Inc – one of the biggest names in the industry so far experienced an 85% spike in just ONE day, as shares vaulted from $39.95 to $73.90.
- CANV – CannaVEST Corp – experienced an 111% surge in just 18 days, as shares jumped from $40.50 to $85.55.
- CANN – Advanced Cannabis – experienced a 283% return in just 10 days, as shares bounded from $6 to $23.03.
- CBDS – Cannabis Sativa – experienced the biggest surge of the lot, jumping 2,068% in just 16 days, as shares exploded from just $.75 to $16.26.
- PHOT – Growlife, Inc – experienced a 420% surge in just over 10 weeks in 2014, as shares moved from $.15 to $.78.
- ENRT – Enertopia Corp – enjoyed a 1,400% push as shares moved from $.06 to $.90 in just 10 weeks of trading this year.
- FSPM – Fusion Pharm, Inc – experienced a 1,712% jump, watching shares move from $.48 to $8.70 in just about 9 weeks of trading in 2014.
I think it’s safe to say that 2014 is going to be the year of the pot millionaires. And we’ll make sure to keep you updated on all of them.
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