These Stocks Are Making Big Moves

NEW YORK, NY / ACCESSWIRE / June 3, 2016 / Small caps have been having an explosive week thus far. In this article we take a look at three small cap stocks that have been moving substantially higher over the last few trading sessions.

Take Cellectar Biosciences, Inc. (CLRB) for instance; the biopharmaceutical company develops compounds for the treatment, diagnosis, and imaging of cancer. CLRB’s proprietary product candidates include I-124-CLR1404, a small-molecule, broad-spectrum, and cancer-targeting positron emission tomography (PET) imaging agent that is in Phase II clinical trial for glioblastoma.

CLRB recently announced the receipt of a patent for the treatment of cancer stem cells employing the company’s phospholipid drug conjugate delivery platform technology [1] and investors seem to like the news. The stock was up 23% on Thursday.

Eleven Biotherapeutics, Inc. (EBIO), which engages in the discovery and development of protein therapeutics to treat eye diseases primarily in the United States, has seen its fortunes rise in recent trading. On Thursday the stock rallied as high as 34%, closing at $1.78 and drawing admiration from many analysts who cited the stock’s resilience.

Grow Condos, Inc. (GRWC) is making its own noise on the cannabis front. The industry which is growing at an alarming clip has been attracting the best entrepreneurs in America as the next big gold rush gets fully underway.

Grow Condos, Inc. (GRWC) is more than anything else a cannabis real estate play and as such offers perhaps the most dynamic investing opportunity.
GRWC has a very strong property portfolio and manages growing space for cannabis entrepreneurs. In addition to providing essential real estate GRWC offers financing for the purchase and development of properties. The company also offers important technical equipment for the growing process.

>> This Undiscovered Cannabis Real Estate Stock Could Be Poised For A Move Higher <<

Investors at this stage of GRWC’s development as a cannabis real estate company are becoming more and more aware of its growth potential. The company has justified this largely by building out a very strong property portfolio. This includes a 15,000 square foot warehouse in Eagle Point, Oregon which the company manages for Marijuana Growers. GRWC also owns a new project of approximately 42,000 square feet of warehouse condominiums in the Pioneer Business Park in Eugene, Oregon. [3]

GRWC has seemingly turned up the pressure on the competition in its sector. The company currently has a development project that is awaiting approval from city officials of Eugene, Oregon. The slated project in Nuggetville by all accounts will be a major addition to the company’s current portfolio. GRWC in updating shareholders confirmed that the project “will be constructed on 2.65 acres in the Pioneer Business Park in Eugene, Oregon. Grow Condos plans to construct thirty three warehouse units of 1,500 square feet each, totaling approximately 50,000 square feet of warehouse condominiums.” [4]

GRWC is also developing an entirely different type of cannabis real estate. GRWC announced that it is launching a new division which will target the development of cannabis friendly RV Campgrounds/Resorts, These said GRWC, will be built for owner/operators that are establishing a presence in the recreational marijuana marketplace. [5] “Recreational vehicle owners and campers want to be able to enjoy a stress free experience and we feel that in the recreational marijuana states a cannabis friendly resort will draw great interest,” said GRWC CEO Wayne Zallen as part of the release.

In an expanding industry like cannabis timing by companies is everything and GRWC has thrown its hat in the middle of the ring at a perfectly opportune time.
Pennsylvania was the latest US state to legalize cannabis for medical purposes and joins 23 others which include Minnesota, Maryland, New York, and Illinois. [6] Recreational users have the okay to light up ion a few states too. Alaska, Colorado, Oregon, Washington and the District of Columbia all have laws allowing the use of marijuana recreationally.

>> Investors Have Overlooked This Unique Small Cap, Will You? <<

An examination of actual cannabis sales shows why entrepreneurs are fighting to establish themselves in the space. Research firm ArchView Group said that cannabis sales reached $5.4B in 2015 – a 17.4% increase upon the $4.6B sales achieved in the previous year. [7]

The biggest draw for cannabis growers is the recreational sector. Data compiled by researchers suggests shows that recreational users spent nearly $1 billion in 2015; the actual figure of $998M is a major increase upon the $351M spent by recreational users in 2014. Those sales represent a 184% increase and even Colorado, the state that started the recreational revolution, saw sales surpass the $100M in 2015. [8]

These stocks have fertile ground to continue making their big moves. GRWC in particular should be a keen watch-candidate as the cannabis industry looks to move from its infancy and into the almost $100 billion behemoth many are predicting.

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[1] http://finance.yahoo.com/news/cellectar-biosciences-announces-uspto-issues-123000600.html
[2] http://finance.yahoo.com/news/eleven-biotherapeutics-reports-first-quarter-113000530.html
[3] http://growcondos.com/
[4] http://finance.yahoo.com/news/grow-condos-nuggetville-100000451.html
[5] http://finance.yahoo.com/news/grow-condos-launching-rv-campground-100000853.html
[6] http://www.thecannabist.co/2016/04/18/pennsylvania-medical-marijuana-law-signed-by-gov-tom-wolf/52209/
[7] http://www.cnbc.com/2016/02/01/legal-us-pot-sales-soar-in-2015.html
[8] http://www.cnbc.com/2016/02/01/legal-us-pot-sales-soar-in-2015.html

SOURCE: InvestmentResearchReport.com

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