You've heard of armored trucks for payroll delivery or pickup, well now it's time to start thinking of them picking up and delivering marijuana and the cash being paid for it.
On Jan. 28, Marijuana Inc. (OTC PINK: MJNA) share volume shot through the roof, with 117,547,625 shares changing hands, 6.5 times its 3-month average of 18,007,320 shares.
The sudden volume was sparked by a Jan. 28th announcement made by the San Diego holding company that one of its newly-formed subsidiaries would be providing armored transport services for companies in the cannabis industry.
Marijuana Inc.'s subsidiary, Wellness Managed Services, has gained this capability by purchasing a 50% stake in MPS International.
Cannabis Security Issue
In a written statement, MPS International’s CEO Mike Roberts outlined some specifics about the new armored marijuana transport service.
“Large amounts of product will be moved from grow to wholesaler, warehouse, testing facilities, bakeries, infusion laboratories and finally to retail locations,” Roberts said. “Post transaction, and especially right now with federal regulations prohibiting FDIC insured banks from offering financial services to cannabis industry businesses, large amounts of cash will need to be transported between parties securely as this creates an easy target for predators and competing businesses,” he added.
Potentially Lucrative Opportunity
In the release, Roberts went on to outline the potential opportunity that existed for providing armor transportation for currently legal cannabis businesses. He pointed out that there are now about 448 dispensaries in Colorado alone, while in California there are an estimated 2,700 dispensaries, co-operatives, wellness clinics, and taxi delivery services.
“Using an average of one armed security officer working 10 hour shifts, 7 days per week billing at the industry standard of $25/hour armed, 52 weeks per year, annual gross revenue created by just 11 locations is more than $1,000,000 for just static physical security,” Roberts explained.
Once the company establishes this footprint, it says it will evaluate other cannabis markets such as those in Canada.
MJNA share price closed at 39 cents, down 1 cent from its closing price of 38 cents the previous day.
Find out what could be the best investor’s move when it comes to MJNA by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Will 2014 Housing Recovery Gain Traction?
In the mortgage sector, Fannie Mae (OTC Bulletin Board: FNMA) shares have also been quite active. The government-sponsored enterprise, charged with stabilizing the secondary mortgage market, traded 5,805,500 shares Jan. 28, 2014.
In part, this could be due to Fannie Mae’s optimistic outlook for the housing market in 2014 as summed up in a Jan. 13 statement by its Chief Economist Doug Duncan. "Despite the rise in mortgage rates since the spring, many housing indicators posted strong gains at the end of 2013 and consumer housing attitudes are strengthening, all of which bodes well for continued but measured housing recovery in 2014,” Duncan said in a written statement.
FNMA shares closed at $3.06, up 9 cents from its closing price of $2.97 the previous day.
Find out what could be the best investor’s move when it comes to FNMA by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Satellite-Radio Somewhat Steady
Despite a handful of law-firm investigating Sirius XM Holdings Inc. (NASDAQ: SIRI) for potential stockholder claims as a result of the satellite-radio company’s proposed acquisition by Liberty Media Corp., its stock price is holding steady in the daily range of $3.67 – to $ 3.60.
On Jan. 3, 2014, Liberty Media make its intentions to buy Sirius public by offering about $10.4 billion at a rate of $3.68 per share to take over the network that broadcasts the legendary and hyper-successful Howard Stern. The deal would involve creating a new class of stock called Series C, adding 0.076 per share to give the company a total market value of as much as $27 billion.
The pending acquisition is no doubt driving Sirius Stock volume. On Jan. SIRI traded 17, 55,532,880 shares.
In 2009, Liberty Media bailed out Sirius XM from going bankrupt with a $530 million loan. Since then, Sirius XM has built a subscriber base 25.6 million strong with a myriad of paid-radio choices including classical, rock, alternative, country, sports and live concerts, with Stern serving as the company’s platinum anchor. Having new cars equipped with XM receivers has also boosted the company’s popularity and acceptability. However, Sirius XM still faces brutal competition from such digital radio competitors as Pandora Media Inc., AOLRadio and Apple Inc.
On Jan. 28, SIRI’s share price closed at $ 3.63, down 3 cents from its closing price of $ 3.66 the previous day.
Find out what could be the best investor’s move when it comes to SIRI by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Mysterious High Stock Volume
Mitsubishi Estate Co. Ltd. (OTCPINK: MITEF) share volume skyrocketed on Jan. 28 with 617,000 shares changing hands, 132 times its 3-month average of 4,649 shares.
The Tokyo-based real-estate developer has issued no recent government filings or releases, so it is somewhat of mystery as to why its stock’s volume is so high. It’s possible that the high volume is merely a result of the market’s recent volatility.
On Jan. 28, MITEF’s share price closed at $ 26.02, down $2.13 from its closing price of $28.15 the previous day.
Find out what could be the best investor’s move when it comes to MITEF by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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