Indie Growers Association’s (OTCQB: UPOT) stock volume skyrocketed Oct. 23, with 202,509 shares changing hands, 23 times higher than its 30-day average monthly volume of 8,565 shares.
The volume surge comes on the heels of a recent announcement that the Carson City, Nev.-based company that leases greenhouse space to medical marijuana growers made stating that its wholly owned operating subsidiary, River Ridge Sunshine Farms LLC, had signed a Letter of Intent to sublease a parcel of land at its Prosser, Washington, property.
Under the terms of the LOI, Hydro Pro LLC, a private Washington grower, has stated its intention to sign a definitive agreement for a 10 year renewable lease of farmland and supporting infrastructure from River Ridge Sunshine Farms.
The lease rate will be $9.52 per square foot of garden canopy per month for an approximate monthly rental income of $200,000 per month payable to River Ridge. The proposed leased parcel will consist of fenced land with private gated access, approximately 1,500 square feet of warehouse space, 21,000 square feet of garden canopy, and a security camera system.
On Oct. 23, UPOT's share price closed at 80 cents, up 3 cents, from its closing price of 77 cents the previous day.
Find out what could be the best investor's move when it comes to UPOT by getting the complete report here or by cutting and pasting the following link in your Web browser:
Megola Inc. Stock Value Rises 83%
Megola Inc. (OTCPink: MGON) was one of the most heavily traded penny stocks, Oct. 23, with 21 million shares changing hands, 32 time higher than its 30-day average volume of 647,234 shares.
Meanwhile, MGON's share price closed at 0.0084 cents, up .0038 cents, or 82.61%, from its closing price of 0.0046 cents the previous day.
Because the Canadian-based water treatment device company has not been in the news lately, or issued any press releases since August, it’s difficult to explain its sudden surge in volume and share value.
We do know that in its literature Megola says it’s committed to providing environmental solutions through advanced technology and solving environmental problems using the most environmentally sustainable means possible that in the long term will have positive impact on company budgets and the environment.
The company is also the exclusive World supplier, manufacturer of a fire inhibitor coating and fire inhibiting powder product lines and the exclusive world-wide manufacturer/distributor of the ScaleGuard series of physical water treatment equipment.
Megola says it’s creating distribution networks throughout the world to integrate its products into wide scale usage. Find out what could be the best investor's move when it comes to MGON by getting the complete report here or by cutting and pasting the following link in your Web browser:
SWK Holdings Corp. Sets Record Date for Rights Offering
SWK Holdings Corp. (OTCQB: SWKH) experienced robust stock volume Oct. 23, with 89,614 shares changing hands, higher than its 30-day average volume of 79,231 shares.
This sudden surge in volume comes on the heels of an Oct. 20 announcement by the Dallas-based specialized finance company that it has established a record date for its rights offering.
According to SWK Holdings, stockholders of record as of Oct.30, 2014 will be eligible to participate in the rights offering.
As part of the rights offering, holders of shares of common stock will receive non-transferable rights to purchase newly issued shares of common stock of the company. Each subscription right will entitle stockholders to purchase 0.345662431 shares of common stock of the Company at a subscription price of $0.86 per share.
If the rights offering is fully subscribed, the company expects that the gross proceeds from the rights offering will be approximately $12.5 million. The Company intends to use the proceeds from the rights offering for general corporate purposes.
The rights offering will also include an over-subscription privilege that will entitle stockholders who exercise their basic subscription rights in full, the right to purchase additional shares that remain unsubscribed at the expiration of the rights offering, subject to availability and other limitations.
On Oct. 23, SWKH's share price closed at $1.48, unchanged from its closing price of the previous day.
Find out what could be the best investor's move when it comes to UPOT by getting the complete report here or by cutting and pasting the following link in your Web browser:
Cannabis Kinetics Corp.’s Stock Volume Continues to Soar
Cannabis Kinetics Corp.’s (OTCQB: CANK) stock volume continued to soar Oct. 23, with 154,545 shares changing hands, about 4 times higher than its 30-day average volume of 43,629 shares.
The surge in volume come of the heels of an announcement from Westminster, Colo.-based mineral company that it has signed an agreement for the purchase of the operating assets of The Big Tomato, an established Denver area store, warehouse distribution facility, and online hydroponics and indoor garden supplier.
As per terms of the binding Merger Agreement, Cannabis Kinetics will acquire all the operating assets of The Big Tomato for a total purchase price of $2,400,000 in cash ($400,000 payable at closing and the balance payable over two years in eight (8) equal installments of $250,000 commencing six months from the closing), and 3,000,000 restricted common shares of Company stock.
On Oct. 23, CANK's share price closed at $1.47, up 2cents, from its closing price of $1.45 the previous day.
Find out what could be the best investor's move when it comes to CANK by getting the complete report here or by cutting and pasting the following link in your Web browser:
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