Our research department took their time combing through filings and meeting with management in order to be certain MRMD was the right investment to show our followers. After considering Cannabis market conditions as well as MRMD’s fundamental and technical analysis we feel this is the perfect time to show you this new investment opportunity.
It’s no secret the Marijuana market has been red hot and we feel MRMD could be the next major mover in the space. Read the entire post to learn why. If you have any questions about MRMD please direct message us.
MariMed Inc. (OTCQB: MRMD) designs, develops and operates new state-licensed, state-of-the-art cultivation, production, and dispensing facilities throughout the US. The company has also vertically integrated a number of unique cannabis-infused consumer products through a network of franchisees within legalized states.
Per Cowen & Company, 2017 report legal Cannabis will be a $50 billion U.S. industry and is in revolutionary transformation. MariMed’s diverse expertise and historical performance in the legal Cannabis industry is capitalizing on a significant share of this expanding market.
Why Invest in MRMD?
- Highly profitable operating model
- Positioned to become the gold standard in the legal cannabis
industry - Rapid industry growth
- Proven record of success
- Innovative formulations
- Differentiated Product Brand
- Experienced management team
- Comprehensive service platform
Differentiated Branded Products: Kalm Fusion & Betty’s Eddies
- Innovative all natural cannabis-infused products.
- Precision dosed for consistency.
- Available in THC and CBD formulation
- Currently selling in RI, DE, and IL
- Rolling out in CA, CO, OR, NV and WA
- Targeting 5,000+ dispensaries across 11 states
MRMD Technical Analysis & Chart
As you can see from the chart below MRMD has recently went through a significant retracement after an impressive run this past summer. This is good news for you if are just now considering a potential entry.
MRMD has recently tested its long-term support of $0.25 5 times in the past month. We are happy to report that support successfully held up all 5 times. The stock also just made a new higher low adding further confirmation that the bottom very well could be in.
We have seen this same bottom formation recently in many other Cannabis stocks before making a reversal and resuming the uptrend. A quick look at the RSI also backs up the bottom formation as it recently made a higher low as well and is now trending up. The MRMD technicals are turning bullish. A major reversal in the stock price could be underway. All factors considered make this an attractive potential entry.
MariMed Inc. (OTCQB: MRMD 12 Month Chart
Read more technical analysis article here
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