Rafarma Pharmaceuticals, Inc. (RAFA) has seen a spectacular rise in recent months from a start point under a penny in April to recent highs of $0.482. Over that time the stock has transformed into a volume leader in small caps.
RAFA has run up the charts in recent months as the Company hired a new spokesman and entered the red hot cannabis space.
Rafarma Pharmaceuticals, Inc. (RAFA) is a provider of various health-related ranging from natural supplements to special-purpose agricultural aids. The stock has skyrocketed in recent months as the Company has entered the red hot cannabis space, hired a new spokesman and released a number of exciting press.
At the beginning of May RAFA announced it has acquired Dartis D.O.O.and Ekopostopek D.O.O. Rafarma (OTC: RAFA), a Wyoming Corporation, acquires Dartis D.O.O. and Ekopostopek D.O.O., Slovenian-based developers and manufacturers of Cosmetics, Therapy Creams, Gels, Sprays and vitality products. Rafarma has acquired complete ownership of Dartis D.O.O. and Ekopostopek D.O.O., for Rafarma stock. This addition brings an entire new line of products to Rafarma as the company propels itself into new personal care channels including CBD-based products. The acquisition brings Rafarma the exclusive rights to distribute Dartis and Ekopostopek products in the U.S., Canada, Europe and Asia.
On May 30 RAFA announced it has hired internationally acclaimed professional snowboarder Glorija Kotnik as its spokesperson and new face of the company. The pairing launches a joint campaign “Together to New Victories” for Rafarma and Ms. Kotnik in the pursuit of peak human performance.
Glorija Kotnik is a member of the Slovenian National Snowboard Team and three-time Olympian (2010 Vancouver, 2014 Sochi and 2018 PyeongChang). With more than 120 International Ski Federation (FIS) races under her belt, she will forever be one of, if not the best, Slovenian female snowboarders of all time.
On May 31 RAFA announced approval of its application for farming cannabis in Slovenia through its wholly-owned subsidiary (Green Drop D.O.O.). The Application was one of only three accepted and approved by the Ministry of Agriculture, Economy And Food Of Slovenia. This year, Rafarma will be cultivating two fields of cannabis to be used exclusively for Rafarma’s products. Rafarma already had 3,000 square meters of cannabis farming land and has just acquired an additional 7,000 square meters from partner companies. Rafarma plants the seeds at a distance of 2m so that plants are well ventilated and have a place to grow. A new irrigation system has been installed to maintain production during summer.
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Rafarma expects to raise approximately 20,000 seedlings in the month of June. The yield will be about 8,000 peaks, of which approximately 70% of the CDB resin can be obtained. The fields will be harvested in August of this year.
Rafarma is rolling out new products which it expects will achieve substantial growth in shareholder value and bring additional satisfaction to our loyal customers. These new, wholly-owned production fields will bring higher quality and lower costs to Rafarma’s line of hemp tea, CBD resin, CBD oil, CBD crystals, CBD balms, liposomes and CBD gel.
“Demand for the company’s products with Cannabis increases at an incredible rate. Rafarma has prepared to meet this demand with these new cannabis growing fields. The company is currently under negotiation to purchase additional land in the surrounding areas”, according to Rafarma CEO Srečo Bojt.
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Currently trading at a $35 million dollar market valuation RAFA has little assets or revenues and manageable debt. RAFA is an exciting story developing in small caps; the Company recently announced approval of its application for farming cannabis in Slovenia and is planning to cultivate two fields of cannabis to be used exclusively for Rafarma’s products. Rafarma already had 3,000 square meters of cannabis farming land and has just acquired an additional 7,000 square meters from partner companies. Rafarma plants the seeds at a distance of 2m so that plants are well ventilated and have a place to grow. A new irrigation system has been installed to maintain production during summer. We will be updating on RAFA when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with RAFA.
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Disclosure: we hold no position in RAFA either long or short and we have not been compensated for this article.