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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mr Cooper Group Inc | NASDAQ:COOP | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.45 | 1.84% | 80.10 | 72.00 | 80.50 | 80.40 | 79.237 | 79.61 | 337,866 | 05:00:03 |
Citation Growth Corp. (OTCQX: CGOTF) Weathering the Cannabis Downturn
Citation Growth Corp. (OTCQX: CGOTF) Report released on EmergingGrowth.com
https://emerginggrowth.com/weathering-the-cannabis-downturn-with-a-revenue-growing-multi-state-operator/
CGOTF is an MSO – Has operations in more than one state with 75% market penetration
CGOTF turned gross profit in most recent quarter
Expected to yield $200 million in sales
Miami, FL-- (InvestorsHub NewsWire – December 9, 2019) – EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on Citation Growth Corp. (OTCQX: CGOTF).
This could be the biggest play in the Cannabis space. See the full story on http://www.EmergingGrowth.com
CGOTF may not be at these levels much longer.
See the Press Release and more on Citation Growth Corp. (OTCQX: CGOTF) at EmergingGrowth.com
https://emerginggrowth.com/?s=CGOTF
Citation Growth Corp. (OTCQX: CGOTF) distinguishes itself in the world of cannabis through its branding and it seems to be paying off and translating into financial performance. Citation Growth is a multi-state operator (MSO) which means that they have operations in more than one state. Their brands include Gardens of WeEden, Blunt Box, Superior, Fiore, PureCloud 9, and Diamante, which squarely targets the cannabis connoisseurs looking to purchase the highest quality products. This means that they are constantly experimenting with genetic combinations, different growing techniques, and processing protocols.
Citation established footings in multiple legalized regions to provide the highest quality products to consumers. By focusing on their branding message, coupled with attractive consumer packaging, they are able to charge a premium price that allows them to expand their offerings.
For Citation Growth to be successful in their business model, they need to wholesale their product to retailers and the most effective way is through branding and having a massive retail distribution channel. The company is expanding operations in a period where other MSO’s like MedMen (OTCQX: MMNFF) are laying off 190 employees in an effort to achieve profitability. According to MJ Business Daily MedMen is “joining a growing list of cannabis companies shedding workers amid falling MJ stock prices and a dearth of outside funding.”
Show Me the Money Mentality
Cresco Labs Inc. (OTCQX: CRLBF) is an MSO, and was due to merge with Origin House in what was supposed to be an $823 million transaction. For a period, it was on hold until just recently when this was renegotiated and got slashed in half to a $400 million deal. According to MJ business Daily “terms of the renegotiated deal had a small effect on the overall value – analysts estimate about a 7% decline from the transaction restructuring versus almost 50% just on falling stock prices alone – it is a significant change, because the deal is now more likely to close.” When the ex-CEO of Canopy Growth (NYSE: CGC) joined the board as executive chairman of Vireo Health International (OTCQX: VREOF) the stock ran only to give up its gains in a couple of days. This price action just goes to show how sour the market sentiment is toward cannabis companies when news of the most successful cannabis entrepreneur joining a board is unable to move the needle on stock price. Investors are clearly focused on profitability.
Challenges Facing Cannabis Companies
Have a look at Citation Growth Corp. (OTCQX: CGOTF), a growing multi state operator with 75% market penetration.
Northwest Biotherapeutics, Inc.
Shares of Northwest Biotherapeutics, Inc. (OTCQB: NWBO) has fallen 25% over the past 12 months. Shares are currently in a consolidation just above its support of $.22, however it will have a difficult time breaking resistance of $.28 before moving higher.
Citation Growth Corp. (OTCQX: CGOTF) turned a gross profit in its recent quarter.
Mr. Cooper Group, Inc.
Shares of Mr. Cooper Group, Inc. (NASDAQ: COOP) have fallen 50% this year before rebounding to approximately $13.35 per share. The stock has strong resistance at $15.5 and its support has fallen to $10.00. I would watch for a pullback to around 12.00 before considering an entry.
Look at Citation Growth Corp. (OTCQX: CGOTF) who is expecting to yield $200 million in sales.
About EmergingGrowth.com
EmergingGrowth.com is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies. Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization. We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.
All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information includes certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. EmergingGrowth.com has been compensated fifteen thousand dollars in consideration for its work with Citation Growth Corp, Inc. through the date this was published. EmergingGrowth.com may or may not receive additional compensation, details about which can be found in our full disclosure, which can be found here, https://emerginggrowth.com/24683-68279/. You can easily loose money investing in highly speculative small cap stocks like the ones mentioned within. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website
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SOURCE: EmergingGrowth.com
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