Indoor Harvest Corp (OTCMKTS: INQD) is the latest RM play to see big moves up the charts in recent weeks. Small cap Investors have begun to flock to reverse merger plays as many of them have seen historic runs. Currently running out of sub penny land INQD is attracting legions of shareholders and emerging as a volume leader regularly topping $500k in daily dollar volume.
INQD was trading in triple zero land with a 52-week low of $.0001 before skyrocketing up the charts in May after entering into a JV with Fincann Corp. and announcing a new Chief Executive Officer, Mr. Leslie Bocskor
Indoor Harvest Corp (OTCMKTS: INQD) bills itself as an Indoor Harvest Corp is a precision agriculture technology company focused on delivering pharmaceutical grade cannabis for researchers, and the development of next generation personalized medicines. The Company is currently planning to develop facilities in Arizona and Colorado.
Microcapdaily reported on INQD in prior years reporting in October 2018 – Indoor Harvest Corp (OTCMKTS: INQD) is making a highly explosive move up in recent days off its base at $0.05 to highs over $0.25 per share. The stock has a long history of big moves running to $0.45 highs at the end of last year. Indoor Harvest is at the right place at the right time with cannabis stocks on fire and CBD stocks getting a boost after reports Coca-Cola is monitoring the nascent industry and is interested in drinks infused with CBD. “
INQD was trading in triple zero land with a 52 week low of $.0001 before skyrocketing up the charts in May after entering into a JV with Fincann Corp. and announcing a , a new Chief Executive Officer, Mr. Leslie Bocskor
FINCANN advises it operates a network of cannabis-friendly U.S.-based financial institutions which service all segments of the multi-billion dollar cannabis industry. FINCANN supports the initial onboarding and due diligence phases to cost-effectively achieve a principal goal: stable, transparent, and simplified banking. Through FINCANN’s growing consortium of financial institutions, marijuana-related businesses (MRBs) in plant-touching and ancillary roles can access basic banking services without complicated workarounds. By obtaining a banking or merchant processing account through FINCANN, business owners no longer need to worry that they’ll lose their bank account or merchant processing services. By opening a bank account through FINCANN, the financial institution knows from the get-go that the business is in the cannabis industry, providing peace of mind for business owners whose accounts have been closed on them all too often, while eliminating the headache of searching for new financial solutions multiple times per year. FINCANN web address: https://fincann.com
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The companies in March laid the foundation to now proceed with a Joint Venture and stock exchange deal (and other provisions or agreements), including an Option for Indoor to increase ownership in FINCANN. Indoor will hold 51% owner of the Joint Venture, FINCANN being the other 49% owner. As part of the establishment of the venture, Indoor will contribute a percentage of its issued common stock and FINCANN will do the same, such shares to be held by the JOINT VENTURE. It is anticipated the percentage will be 4.9 percent, up to 9.9 percent. The JOINT VENTURE will issue INDOOR a total of 51 percent of its common stock and issue FINCANN 49 percent of its common stock. The Parties will jointly own JOINT VENTURE and establish a formal business plan and operational protocols to jointly market and pursue business.
The new CEO of the Company is EO, Leslie Bocskor
Leslie Bocskor, is the Chairman and founder of Electrum Partners. He is a recognized industry consultant in the legal cannabis area, and interacts with mainstream media often being featured including Forbes, CNBC, The Wall Street Journal and more. He formed Electrum Partners in 2014 and became the founding chairman of the Nevada Cannabis Industry Association (NVCIA). He is an active speaker at industry conferences including the ArcView Group. Leslie began his career at Lehman Brothers and later went on to co-found Mason Cabot, a New York based investment bank focused on emerging technologies and finance. In 2005, he served as Managing Partner with Lennox Hill Partners. Bocskor is courts politicians, industry leaders, and investor firms, who seek out his groundbreaking analysis and insight into the cannabis economy.
$INQD is getting plenty of action on twitter.
— beauman (@bowzachary) June 28, 2020
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Currently trading at a $3.8 million market valuation INQD is the latest RM play to see a big move in small caps. INQD was trading in triple zero land with a 52-week low of $.0001 before skyrocketing up the charts in May after entering into a JV with Fincann Corp. and announcing a new Chief Executive Officer, Mr. Leslie Bocskor. Currently running out of sub penny land INQD is attracting legions of shareholders and emerging as a volume leader and the next big RM runner. We will be updating on INQD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with INQD.
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Disclosure: we hold no position in INQD either long or short and we have not been compensated for this article.