Cannabis and Tech Stocks to Watch
March 1, 2019 -- InvestorsHub NewsWire -- Microcap Speculators -- Cannabis and Technology are two sectors we are watching closely. Below are a few companies to research.
One tech stock to watch, Gopher Protocol Inc. (USOTC: GOPH), is a combination Internet of Things (IoT)/ AI play that has completed several positive system tests in the development of their potentially groundbreaking technology. The company just crossed another major milestone in the development of their Artificial Intelligence enabled mobile technology. GOPH just announced they’ve performed successful communication testing of the Alpha version of their GopherInsight MESH system.
Today we are highlighting: Gopher Protocol Inc. (USOTC: GOPH), HEXO Corp. (AMEX: HEXO), CannTrust Holdings, Inc. (NYSE: CTST), Frontier Communications Corporation (NASDAQ: FTR), and Fitbit, Inc. (FIT).
As mentioned above the successful communication testing of their MESH system is just the latest in a string of positive reports from Gopher Protocol Inc. (USOTC: GOPH) (Market Cap: $105.693M, Share Price: $0.5067). The recent test cleared GOPH for field testing outdoors. Other recent research tests identified successful cognitive robotics features where robots were able to sense their environment by means of integrated sensors, location and computer vision. As part of this research, the company’s AI artificial intelligence engine was successfully integrated into robots resulting in improvements in robots’ perception and understanding of human activities and verbal communications.
In the IoT department, GOPH initiated testing multiple antenna types and configurations as part of the final phase of development for its mesh network gateway device. Antennas are a crucial part of any wireless system, being the central communicator between wireless clients, so this announcement was very promising.
HEXO Corp. (AMEX: HEXO) (Market Cap: $1.172B, Share Price: $5.70) announced earlier this month that it has entered into a syndicated credit facility with Canadian Imperial Bank of Commerce, as Sole Bookrunner, Co-Lead Arranger and Administrative Agent and Bank of Montreal as Co-Lead Arranger and Syndication Agent. Under the terms of the credit facility, the Lenders will provide HEXO up to C$65 million of secured debt financing at a rate of interest that is expected to average in the mid-to-high 5% per annum range over its three-year term.
CannTrust Holdings, Inc. (NYSE: CTST) (Market Cap: $964.205M, Share Price: $9.13), a Canada-based cannabis producer, has just added itself to the list of Canadian producers to list on the NYSE. Further legitimizing an industry that was taboo only a few years ago.
Frontier Communications Corporation (NASDAQ: FTR) (Market Cap: $321.924M, Share Price: $3.05) reported financial results for the fourth quarter and full year ended December 31, 2018. Consolidated revenue for the fourth quarter of 2018 was $2.12 billion. Within consolidated revenue, Consumer revenue was $1.09 billion, Commercial revenue was $942 million, and subsidy and other regulatory revenue were $94 million.
Home Connect a dynamic ecosystem created to connect home appliances to the Internet of Things, kicks off its presence at the 2019 International Builders Show (IBS) by announcing its integration with leading global wearables brand Fitbit, Inc. (FIT) (Market Cap: $1.286B, Share Price: $5.92) helps people lead healthier, more active lives by empowering them with data, inspiration and guidance to reach their goals.
This article was written by Regal Consulting, LLC (“Regal Consulting”). Regal Consulting has agreed to a two-month term consulting agreement with GOPH dated 12/31/18. The agreement calls for $100,000 in cash per month. All payments were made directly by Gopher Protocol, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. GOPH was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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