Ubiquitech Software Corp (OTCMKTS: UBQU) has been trending higher in recent days on a significant surge of volume. The stock has runner in its blood with a long history of big moves running from well under a penny to highs near $0.03 in January of this year.
UBQU operates in the booming CBD space that got a boost after recent reports Coca-Cola is monitoring the nascent industry and is interested in drinks infused with CBD. With a rising number of various CBD products available in mainstream markets, consumers are spending more on CBD products than ever before. The Brightfield Group estimates the space will top $22 billion within the next 4 years, making it one of the more enticing spaces from an opportunity standpoint.
Ubiquitech Software Corp (OTCMKTS: UBQU) through its subsidiaries, is a dynamic multi-media, multi-faceted corporation utilizing state-of-the-art global internet marketing, DirectResponse (DRTV) Television, Radio, Internet Content, and traditional marketing to drive traffic to the new and emerging multi-billion dollar industries like its subsidiaries HempLifeToday(TM) and CryptoBuy.com
UBQU wholly owned subsidiary HempLifeToday(TM) focuses on the exciting and dynamic new thinking in the world today that recognizes the important health and life-enriching enhancement that CBD Oil from the Hemp plant can bring. Through its network of quality USA growers, HempLifeToday.com(TM) has developed multiple and proprietary CannazALL(TM) CBD oil products that include; Its popular CBD Tinctures, Concentrated Oils, GelCaps, Skin Salve, e-liquid, and CannazALL Pets(TM) CBD products.
The Company operates a subsidiary in the crypto space called CryptoBuy.com which focuses on the burgeoning new world of Crypto Currencies and is created to be a service to persons interested in tracking and trading the many existing and future Crypto Currencies worldwide.
The Company has seen impressive sales growth; on October 15 the Company announced its third quarter 2018 financial results. The company realized revenues for the quarter of $894,419. The company had net income of $15,517 for the quarter ending August 31, 2018.
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In an open letter to shareholders CEO James Ballas stated “Since taking our first order for HempLife Today products in December of 2014, we have created a top brand for our CannazALL CBD products, shipped over 80,000 orders, obtained over 50,000 customers and subscribers, experienced consistent growth year over year, sold almost ten million dollars of our CannazALL products, been called one of the top five CBD Companies by Forbes Magazine, and created a footprint that is set to grow even bigger and faster as we move into the months and years ahead. The CannazALL brand has expanded to over a dozen product offerings over this time period. We now have relationships with several different hemp farms with enough acreage available to us to meet any demand in the future, and we’ve secured long term merchant processing to successfully take us into the future as well. We have independent verification of our potency and have added other beneficial botanicals to make CannazALL™ a unique product.”
On November 10 UBQU announced the launch of new advertising campaigns for its CannazALL™ brand of Hemp derived CBD products, and new Wholesale/Ambassador Program first announced on 11.06.2018. The Company expects these new campaigns to significantly boost both retail, and Wholesale Ambassador sales in 2019. The Company’s market testing has shown excellent ROI per advertising dollar spent, and the Company expects to improve ROI as advertising budgets increase for these platforms.
The new ad campaigns will feature the most popular CannazALL™ product, 250mg Peppermint Tincture, and will be created around the new slogan…CannazALL™ “You’re Only a Few Drops Away!” This new slogan was created to appeal to the curiosity of the CBD buyer and to allow each potential customer to decide just what this means to them. Examples: You’re only a few drops away; from pain relief, better sleep, anxiety relief, feeling calmer, and more.
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Currently trading at a $2.8 million market valuation UBQU has $280k in the treasury, $2.2 million in current liabilities and very little debt. UBQU is an exciting Company making big moves in the booming CBD space, HempLifeToday(TM) CannazALL CBD products are already doing big sales reporting $2,868,897 in revenues for the 9 months ended August 31, 2018. The new ad campaign CannazALL™ “You’re Only a Few Drops Away!” will help get the word out. We will be updating on UBQU when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with UBQU.
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Disclosure: we hold no position in UBQU either long or short and we have not been compensated for this article.