Despite being nothing more than a shell company with current assets of $104 with liabilities of $94,268, Monday kicked off with a huge bang after StockMister and friends sent out opening bell alerts on the penny stock of Merilus, Inc. (MRHD). Gapping up 3,746% from it’s previous close on July 1, $0.0026, shares of MRHD stock ignited well past anyone’s expectations to as high as $1.01 for a firework session with as much as 910% gains achievable on a ticker whose website is defunct and Company business plan is to perhaps one day put art buyers and sellers together. On a day which celebrated the prepared launch of licensed, public, retail marijuana sales to begin for the first time ever in Washington State, it made much more sense that Hemp Inc. (HEMP) became a huge MoneyRunner to lead all the OTC tickers in trading activity.
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MRHD Stock Quote
Market Cap: 8.60M
Last: 0.46 ▲ +0.4574 (+17,592.31%)
Dollar Volume: $247,499
14-Day RSI: 91.09%
1st Resistance Point: 0.9467
1st Support Level: 0.0367
52Wk High: 1.01
52Wk Low: 0.0026
Hemp Inc. (HEMP), which had been fluttering between 0.05 and 0.07 since the start of May, took out all the resistance levels it needed to in order to close above 0.07 after reaching as high as 0.074. MoneyRunenrs Group sent out alerts on HEMP stock as their new momentum choice which had a huge affect on the volume which caused the final hour of trading to be nothing less than spectacular as expectations for a run to 0.10 bloom thanks to recreational cannabis sales slated to start in Washington State this week.
United Cannabis Corporation (CNAB), fka MySkin, Inc. (MYSK), has been a tremendous success since we initially alerted on it back in early March. Sending out a press release at 4:20PM EST today, CNAB stock looks to continue its bounce off 0.751 from late June after announcing that it signed separate management, marketing and distribution agreements with The Melts and Emotek to provide their products to outlets throughout Colorado and introduce their proprietary processes to States where it is currently legal to do so.
The legal sale of marijuana, both recreational and medicinal, in the State of Washington is expected to be a huge success and major catalyst for marijuana tickers like HEMP and CANB. Already, dispensary owners are asking patrons to just buy what they need so that everyone can get a package even though some cannabis wholesalers are reportedly already charging retailers as much as $4,000 a pound. The reality of the heavy demand and limited supply will likely create the temptation to raise prices as high as the market will bear which will only help to propel the marijuana tickers to test recent highs and/or dump shares onto new buyers since the chances of another run like we witnessed 6 months ago is highly unlikely.
Some of the more heavily traded marijuana stocks traders will be eyeing this week include:
- American Green, Inc. (ERBB)
- Creative Edge Nutrition, Inc. (FITX)
- Terra Tech Corp. (TRTC)
- Medical Marijuana, Inc. (MJNA)
- Easton Pharmaceuticals Inc. (EAPH)
- mCig, Inc. (MCIG)
- Cannabis Science, Inc. (CBIS)
- Tauriga Sciences, Inc. (TAUG)
- Alternative Fuels Americas, Inc. (AFAI)
- Cannabis Sativa, Inc. (CBDS)
- Latteno Food Corp. (LATF)
- Growblox Sciences Inc. (GBLX)
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About MRHD Stock
Merilus, Inc. is a development stage shell company focused on engaging in art brokering and is the process of establishing an online marketing site to assist buyers and sellers of art.
Issued and Outstanding: 18,686,692
Last 5 Trading Sessions:
MRHD very well could continue to see some early activity come Tuesday, allowing those who are currently in bagholding positions to get out with a bit of dignity before everyone realizes that it’s nothing more than a shell corp. While alternative energy focused penny stocks were initially speculated to be the big money makers this summer, the influx of new traders that marijuana has created since the end of last year appears to be driving the OTC still and ready to shift into 3rd gear again with Washington due to begin retail sales. As more and more states follow the path Colorado and Washington are paving, massive share structured tickers like HEMP, MJNA and LATF will allow insiders to have a long running ATM at their disposal as more and more investors are drawn towards the end of cannabis prohibition in the United States.