Major technical breakout in full steam
Published: Thu, 04/26/18
![]() Traders and Investors, Tomorrow I'm profiling a company that is in the midst of one of the biggest technical breakouts in the entire market, and one that could see a parabolic move as momentum traders ride the wave and shorts continue to get crushed. Our new trade idea is MedX Holdings, Inc (MEDH). MEDH is a thing of beauty. Barchart.com has given MEDH its very top rating, the most bullish technical rating. Check out this killer chart and you'll see why... MedX Holdings (MEDH) is a holding company that acquires businesses throughout the United States that have operational track records; including the expansion of its current operations in Residential/ Commercial Construction and Real Estate. Today MEDH announced big news that it has formally entered the legalized Cannabis industry in California. The Company has completed the licensing and lease agreements to a Humboldt County, CA marijuana grow operation. In order to remain compliant with federal restrictions on cannabis, MedX has purchased the rights to a genetic strain of cannabis as a propriety technology from Viridian Resources. MedX Holdings is licensing the right to use this proprietary strain exclusively to the Humboldt grower. MedX will in turn receive an 85% royalty on every pound produced of our proprietary strain of cannabis. All of the managerial duties and farming applications are controlled by the lease holder, who has been a Master Grower for 22 years. The Master Grower will be using the proprietary strain on 250 plants, which can conservatively yield 2 to 5 lbs. of product per plant in a single season, and can be done in phases for scheduled and controlled harvesting. The Grower’s yielded product can then be sold to the distribution centers and dispensaries at an average weighted price of $1,350.00 to $2,000.00 USD per pound. At the Master Grower’s request for financing, MedX Holdings has allocated cash and capital from other businesses to assist in the cost of operations, and we have estimated that the Grower’s financing will be roughly $75,000.00 to $100,000.00 USD for the season. You can read today's press release in full at https://finance.yahoo.com/news/medx-holdings-inc-medh-enters-120000490.html And it doesn't end there, the Company has released more big acquisition news in recent weeks... A week ago, MEDH announced the acquisition of the Maverick Group Mortgage Company. MEDH has completed the $3 Million Acquisition of the Maverick Group Mortgage Company out of New York, NY. The Maverick Group is licensed in over 20 States throughout the U.S. and include the following – California, New York, Florida, Arizona, Washington, and Colorado. The company was purchased using Cash & Capital from the operations of MJ Builders and DDG Properties respectively on a 3 Year No Interest Term and a $500,000 Down-Payment. This Acquisition was completed on April 13th, 2018 at 3PM EST; at which time the Maverick Group Management handed over Full Control of the Operations to MedX Holdings, Inc. The CEO of MedX Holdings, Mark Miller had something to say, “We have
now come full circle! Through DDG Properties we can acquire the land or property. Utilizing MJ Builders we can build or renovate the property for residential or commercial use. Now, we can offer financing to our buyers, or lease options to our commercial clients.” MEDH has been in the headlines many times over the past few months. The catalysts keep coming so its no surprise investors and traders are all over MEDH. You can read all the latest news from MEDH below...
Our Conclusion... MEDH is a traders dream. There is a ton of volume, nice liquidity, a small float and full blown momentum. We think this breakout could parabolic any day now, and if it does, short sellers will get crushed adding even more fuel to this move. All the best. SmallCapMomo.com --------------------------------------------------------------------------------------------------------
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