Cannabis Industry|CannTrust Holdings (NYSE:CTST)
- Current Price: $7.62
- Price Target Upgrade: $9.45
Gaming Industry |Golden Matrix Group (OTC:GMGI)
- Current Price: $0.0026
- Price Target Upgrade: $0.012
While CannTrust Holdings (NYSE:CTST) fell slightly short on its earnings report compared to companies like Canopy Growth, the growth potential – shared among analysts – for CannTrust Holdings (NYSE:CTST) looks to be promising. In fact, it was recently voted as the number 1 Cannabis Growth stock in terms of its current valuation. Zacks Investment Research upgraded shares of CannTrust (NYSE:CTST) from a hold rating to a buy rating in a report issued on Tuesday morning, putting forth a price target of $9.00.
Currently, CannTrust is focusing on hydroponics at its Niagara facility and its much smaller Vaughan campus. By bringing in expects to further drive down operational costs, analysts suggest that this should lead to more consistent harvests and a decreased cost factor in operational expenses. In January, CannTrust secured a 390,000-square-foot deal, with a phase 3 expansion of the Niagara facility. While already completing 450,000 square feet, this additional capacity should help CannTrust push to about 100,000 kilos of yearly production.
We take a very similar analytical position as Zacks Investment Research in that CannTrust Holdings (NYSE:CTST) represents possibly the greatest growth stock in the Cannabis industry.
In terms of the chart, we can see a clear S1/S1 pattern with support, and believe that a move back over $10 PPS will be in the short to medium term.
Golden Matrix Group (OTC:GMGI)
Between July 2016 and September 2018 they eliminated over $2 million in convertible debt and have seen revenues, assets and profits grow exponentially between 2017 and Q1 2019. Pink Current SEC filer on OTC Markets.
The Global gaming industry is set to become over a $100 Billion industry in 2019.
52% of the worldwide market will be in the Asia-Pacific Region (APAC) and 27.5% from China. $GMGI international clients ( 178 w/ over 1.5 million players ) are located primarily in these regions.
Golden Matrix Group pioneers highly modular, configurable and scalable social gaming platforms for its international customers in an effort to promote user acquisition, engagement, retention and monetization. The provided white label social gaming platform is unparalleled in both mobile and desktop website deployment, proving compatible throughout all major operating systems and web browsers. In addition, Golden Matrix’s platform enhances their client’s ability to cater to various gaming scenarios including but not limited to transaction management and a range of loyalty/reward programs. Moreover, user engagement is optimized through our ability to accommodate both free and cost to play games.
- Data has been obtained by Abe, at “Abe’s Research”.
“In terms of the technical indicators, believe that a break of the $0.0031 resistance will allow this relatively low float stock to tred near the penny mark. “