The marijuana sector, and the penny stocks in it, have been aflame since the start of the year after legalization of recreational purchasing of weed commenced in Colorado and Washington State. Our bullish sentiment on Growlife, Inc. (PHOT), a seller of hydroponic equipment used mainly in the cannabis industry, has proven to be profitable gaining over 100% since December 12, over 300% since our initial coverage back in June, 2012. Now that Anything Technologies Media Inc. (EXMT) is a current filer and is cancelling 62.5 million shares of EXMT stock, their entry into the marijuana industry by offering software and hardware used by hydroponics equipment should be watched closely.
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EXMT Stock Quote
Market Cap: 1.17M
Last: 0.0017 ▲ +0.0003 (+21.43%)
Dollar Volume: $46,702
Issued and Outstanding: 690,069,052
14-Day Rel Strength: 75.64%
1st Resistance Point: 0.0019
1st Support Level: 0.0014
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Becoming current filers and cancelling a large chunk of outstanding stock was a huge way for Anything Technologies Media to get some much needed attention. The boredom of being a Multi-Media Digital company, putting out DVD’s which can be downloaded through any torrent site, became a heck of alot more exciting since their plans have been to become marijuana cultivator’s using the waste products from fish and shrimp in tanks to feed their hydroponic systems.
Back in March of last year, Anything Technologies acquired all of the outstanding shares of R-Quest Hydroponics, Inc. Within weeks, they announced a JV with Whole Earth Systems to launch the cannabis industry’s first fully integrated and self-contained mass produced “Aquaponic” hydro garden for commercial and home medical marijuana cultivation. Although the system was supposed to be available for sale to the public at some point during the summer of 2012, the company announced today that it is finalizing agreements with acquisition partners in the medical marijuana sector and has plans to announce these agreements within the next few weeks.
Since the last trading session of 2012, EXMT stock has been smoking hot, gaining over 110% and setting up for a run similar to what was seen back in April when they entered into the weed industry. Today’s session can attest to that theory after EXMT stock closed just .0001 off the HOD and continued to put up double-digit gains along with all the other tickers in the “green” sector.
Since flings are in, a large number of trading accounts which can’t access “yield” issued tickers should be able to start playing EXMT within days. Expecting to see news within weeks indicates that the volume is only going to increase and the chances of breaking out of trip-zero and into sub-penny land would make EXMT stock a must add to the list of penny stocks to watch.
About EXMT Stock
Anything Technologies Media, Inc., since their acquisition of R-Quest Hydroponics, Inc. in March, 2013, is now a software and hardware manufacturer for the hydroponics industry.
Last 5 Trading Sessions:
Cancelling shares of your penny stock is a great announcement to make, but news of revenues and additional acquisitions to solidify future revenues would be even better. Expecting EXMT to be a major player in the marijuana sector like it’s hydroponic selling counterpart, PHOT, is would be reaching too far. However, seeing 200% or better by the end of the month from EXMT stock’s current level is less of a pipe dream than many can imagine.
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