Hello fellow investors / traders,

 

Let me start by sending my thoughts out for all our friends on the East Coast of the US, and I hope everyone has stayed safe in the aftermath of Hurricane Matthew.

Last week we gave you a major 125% two day winner. Now its time to deliver another.

In case you weren't aware, marijuana plays have been hot in the past week or so. Some of the more well known pot tickers have gained 100% or more just in the past few days.

And given that several states will be voting to legalized recreational marijuana on November 8, and a few more will be deciding on its medical use, the marijuana market could be about to get many times bigger.

How big you ask? Well this report from Fortune cites research from ArcView Market Research that predicts the legal marijuana market will grow to $21.8 BILLION by 2020.

So we went searching for a pot play yet to run, and found an "under the radar" derivative play that we think has major potential.

Rocky Mountain Ayre (RMTN) is a publicly traded company headquartered in the United States focused on increasing its asset and revenue base through acquisition and/or creation of operating entities. The Company currently has two entities in its portfolio and is focusing its efforts on its Crypto-Currency, Hempcoin, at this time. 

Earlier this year RMTN announced that it was ready to launch a brand new feature to its Hempcoin website (www.hempcoin.com). Hempcoin has developed the first of its kind Crypto-Currency marketplace for goods and services to be offered and purchased using Bitcoin and Hempcoin as the sole means of payment. 

According to the Company's press release, users can now offer goods and services for sale on Hempcoin crypto marketplace and get paid with Bitcoin or Hempcoin. The price of the listed products or services in BTC or HMP implicitly changes according to the current rate on the exchanges. This can potentially protect sellers from loss and buyers from over paying due to the constant market price fluctuation of the Crypto- Currencies.

Users can also transfer Bitcoin or Hempcoin between each other within seconds without the need to pay any exchange fees. It is a very secure and easy to use. Hempcoin currently trades on two Crypto-Currency exchanges, C-Cex and Yobit, and plans on adding several more in the near future. 

So what is Hempcoin?

Hempcoin (HMP) runs on its own peer-to-peer blockchain like Bitcoin (BTC) but at a faster rate because it is using the script technique like LiteCoin. So in addition to having the advantage of being able to move HMP around faster than BTC, HMP is backed by the marketable securities of RMTN. 

BTC is strictly a fiat currency like the US Dollar, however, BTC has the potential to go up in value against the Dollar because of supply and demand factors and HMP has this same built in advantage because unlike the Dollar, both BTC and HMP have a limited amount of coins in circulation, while the Dollar is ever increasing in supply. 

Major potential for Hempcoin

While the traditional sectors of the legal marijuana market such as production, sales, banking and security are likely to be saturated by competition over time, we believe the crypto-currency market segment of the marijuana industry represents a huge growth opportunity, that currently has little to no competition, and RMTN appear to be at the cutting edge of this technology.

RMTN as early innovators could become the leaders in this unserved segment of the pot industry. 

Now its been a while since RMTN released some news, and we are hopeful some news will be coming from the company in the near future. Any major news catalyst could signal big things for RMTN, which has been trading in a range for a better part of the past couple of years.

We're talking major technical breakout potential here.

In short, we believe RMTN could very well be an "undiscovered" marijuana related play with substantial growth potential and very little to no competition. If RMTN succeeds, they could become the dominate franchise in the crypto-currency segment of the marijuana industry - an innovative sector with huge growth potential.

As always, do your own research tonight and be ready to play tomorrow. We'll touch base again in the morning with a further update.