These Small Cap Stocks Are On The Move. Here’s Why!
NEW YORK, NY / ACCESSWIRE / June 14, 2016 / These small caps have proven that small can pack a really big punch and all of the stocks we are focused on in this article look poised to provide interesting trading opportunities for investors over the next few weeks.
Sophiris Bio, Inc. (SPHS) saw its shares climb to a high of 2.18 on Monday; this after news broke that the company had seen positive results from its biopsy results from all 18 patients enrolled in its Phase 2a proof of concept study of topsalysin in localized prostate cancer. [1]
MannKind Corp. (MNKD) was up in trading on Monday. The stock rallied to a high of 1.05 after announcing results of two late-breaking posters and four additional analyses of Afrezza® (insulin human) Inhalation Powder. The results included three posters demonstrating a faster onset of action and a shorter duration than rapid-acting insulin analogs in patients with diabetes mellitus. [2]
Blue Line Protection Group, Inc. (BLPG) stands out as one of the key players in the cannabis industry. The company’s unique approach to satisfying a very urgent need among cannabis entrepreneurs has given it a distinct edge among its peers.
BLPG has a varied and dynamic mix of services but the company’s main focus is the provision of financial compliance services to banks and credit unions serving the legal cannabis industry. This sector within the cannabis industry is one of the fastest growing and offers substantial growth potential for players like BLPG.
In addition to the compliance sector BLPG also provides protection, compliance, transportation, licensing and vaulting services to companies operating in the cannabis industry.
One of the biggest developments surrounding BLPG has been its move to a larger working space for its base operations. The company moved into a new 12,000-square-foot headquarters located near downtown Denver, Colorado; the strategic location gives BLPG multi-faceted access to a variety of growth opportunities in one of the biggest legal cannabis markets in the US. Not only does BLPG have access to primary transport routes, the location allows BLPG to deploy it services quickly and with a strong mix of local market intelligence.
BLPG has big plans now that it has acquired such an important location. The company has laid out plans and has already started to deploy turnkey protection, transportation, cash processing and vaulting solutions to a variety of clients operating in the area.
>> This Undiscovered Cannabis Stock Could Be Poised For A Move Higher <<
BLPG has made significant moves since the start of 2016. These suggest that this year could be a breakout year for the company in terms of revenues. As an investment opportunity BLPG is potentially justifying its very bullish profile and the news developments all but suggests that a massive paradigm shift could be coming for valuation.
BLPG upped the ante recently after it announced a capital investment of $500,000 by Hypur Ventures, L.P. BLPG said that more funds could be on the horizon and confirmed that an additional $500K is potentially on the table at Hypur Ventures’ discretion. [3]
BLPG made another big announcement post capital injection, confirming this time round that it is now certified as an integrated software vendor (ISV) of Hypur, Inc. [4] The news confirms BLPG’s solidifying of its position in the financial compliance sector of the cannabis industry and has been a source of intense discussion among investors.
The certification from Hypur is an important one not least due to Hypur’s software product solutions which are supplied to a varied mix of financial institutions. These solutions allow financial institutions to satisfy the enhanced requirements of banking cash-intensive businesses.
Thanks to the Hypur certification, BLPG is now able to deploy a mix of compliance tools for financial institutions that offer secure mobile transaction capabilities as well as platform solutions for merchants and consumers in the cannabis industry.
BLPG has also expanded its licensing services division confirming in a May 26 release that, “the Licensing Services Division provides research, design and consulting assistance to investors and businesses applying for cannabis licenses in states where medicinal or recreational marijuana programs are moving toward legalization.” [5]
The ever-widening demand in the cannabis industry bodes well for BLPG and the potential for its expansion couldn’t be stronger.
News coming out of Albuquerque NM show that sales demand for medical cannabis is soaring. According to one report, more than $3 million was paid out in salaries for Q1 2016 – a solid increase on the $2.3 million recorded in the same quarter last year. [6]
In news closer to home, one Denver cannabis company is reporting a major increased in visitors to its main website (over 300,000 unique visitors per month according to the release). [7]
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[1] http://finance.yahoo.com/news/sophiris-bio-reports-successful-results-200000380.html
[2] http://finance.yahoo.com/news/mannkind-announces-breaking-data-reinforcing-190000835.html
[3] http://finance.yahoo.com/news/blue-line-protection-group-secures-115726340.html
[4] http://finance.yahoo.com/news/blue-line-protection-group-extends-120000613.html
[5] http://finance.yahoo.com/news/blue-line-protection-group-expands-122140196.html
[6] http://www.thecannabist.co/2016/06/13/new-mexico-medical-marijuana-2016/56065/
[7] http://californianewswire.com/cannabis-industry-services-important-to-future-economy-says-denvers-marijuana-central/
SOURCE: InvestmentResearchReport.com
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