The penny stocks in the marijuana sector took some huge hits last week after the midterm elections, even though Alaska, DC and Oregon all voted in favor of legalizing what made Bob Marley famous. Shares of a number of the bigger, more popular tickers all saw double-digit percentage declines soon after the results were in and states like Florida missed the cut by just inches due to some big spenders fighting the right to gain access to what grows naturally in almost every corner of the world. The news could have a detrimental effect on pumping Gala Global, Inc. (GLAG) stock seeing as how they are determined to jump aboard the cannabis bus having dropped their share price, their first PR, and just come off their “D” after a 20-for-1 forward split.
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GLAG Stock Quote
Gala Global began it’s qwest to become publicly traded a little more than 3 years ago when the the Muyingos, based out London, planned to distribute all-natural, everyday, custom tailored women’s clothing products from England. The corporation was set up with the legal assistance of Jody M. Walker which indicates that, like nearly every penny stock trader in thew world knows, is surely not going to be the business model when GLAG stock starts seeing volume pick up from retail buyers.
Sure as sheet, Gala Global took a step near that direction on June 26, 2014, when, after a change in control, the Company acquired two, 100% owned subsidiary companies, Cannabis Ventures Inc. (USA) and Cannabis Ventures Inc. (Canada) which lets them explore different hemp alternatives of fabric and materials needed to produce their all new, custom designed apparel which is scheduled to be launched in the latter part of 2015. The acquisition also allows for GLAG stock to be listed in the marijuana industry since they plan to further acquire companies that will let them develop cannabinoid based health and wellness products, medical grade compounds, license proprietary testing, genetics, labeling and packaging, tracking, production, and standardization methods for the medicinal herb industry.
Gala Global took matter one step further on Friday when they released their first PR talking about expansion plans for business opportunities related to Hemp and Cannabis. In response to the announcement, 62,631 shares of GLAG stock traded, a tiny amount for what could just wind up being the next pick to be released by StockTips.
There are ties to Sedition Films, Inc. (SEDF), Select-TV Solutions, Inc. (SELT) and Alkame Holdings, Inc. (ALKM) which can be spotted by the due diligencers who just love digging down deep to find out all the inner makings of each and every penny stock. At the end of the day, with the weed sector being as weak and volatile as it has been since late March, knowing about GLAG stock and flipping it IF it is the next big StockTips pick is about the best reason to have it on your radar.
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About GLAG Stock
Gala Global, Inc. is a development stage company planning to focus on the development, research, and commercialization of products derived from the Hemp and Cannabis Plant.
Click here to view the SEC filings for GLAG.
Click here to view the website for Gala Global, Inc.
Authorized: 500,000,000
Issued and Outstanding: 118,140,000
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Chg | Volume |
| 11/07/14 | 0.1600 | 0.1900 | 0.1400 | 0.1650 | -0.0250 | -13.16% | 62,600 |
| 11/06/14 | 0.1900 | 0.1900 | 0.1900 | 0.1900 | -0.0100 | -5.00% | 1,000 |
| 11/03/14 | 0.2000 | 0.2000 | 0.2000 | 0.2000 | +0.0450 | +29.03% | 200 |
| 10/29/14 | 0.1550 | 0.1550 | 0.1550 | 0.1550 | -0.0650 | -29.55% | 14,700 |
| 10/24/14 | 0.2200 | 0.2200 | 0.2200 | 0.2200 | +0.0650 | +41.94% | 1,000 |
Bottom Line:
The year started of with a bang for those who fell in love with marijuana related penny stocks. With GLAG stock as the newest addition and share trading light, the early days of this sure to be promoted ticker are watchable and worthy of keeping track of, especially for those looking to see the PPS get under 0.10.
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