IPOWorld (OTCMKTS:IPOW) has been upward bounce in recent weeks making an explosive move of its $0.30 low’s to recent highs of $3 per share. Volume is still fairly low however and the stock trades with significant spreads.
IPOW is a brand new pot stock and as such is looking for another sector breakout such as the one we saw in early 2014. Catalysts to suggest another sector explosion include; Canada’s new prime minister promising legalization immediately, DEA being told by California judge to stop interfering with dispensaries, billionaire Richard Branson suggesting a decriminaliztion ammendment in the U.N., 6,000 non-violent drug offenders released Nov 1st, Australia lifting ban on medical mj, New York opening medical mj dispensaries January, Colorado revenues increasing, etc.
IPOWorld (OTCMKTS:IPOW) bills itself as an emerging growth company focused on creating a portfolio of assets that service the cannabis industry. They provide branding, consulting, colocation and security services to regulated cannabis production and processing clients. The company does this after it acquires and/or leases properly zoned land and related facilities with the intent to build and/or do leasehold improvements to existing buildings and rent to licensed tenants for their operations. Lessees pay rent and other management / licensing fees for the use of these assets, all in compliance with applicable local and state laws and regulations.
According to IPOW the cannabis industry is still highly fragmented and lacks recognized regional or national leaders. Those companies that understand the regulated business “landscape” first, and most importantly, have cannabis-savvy management certainly will carve dominant positions for themselves in what is now being called the Green Rush.
Back in August management identified its first licensee and location. They began property development and construction which included the following initiatives 1) to create a state approved site plan for a properly zoned cannabis production and processing location in Olympia, Washington; 2) to construct and deliver a Tier 2 state approved cannabis production and processing facility at this location.
IPOWorld will deliver this state approved 10,000 square foot indoor/outdoor cannabis growing and processing facility in January 2015. The Company installed all required fencing, structures, lighting, security, processing and all analytical equipment needed to comply with the State of Washington.
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In January of this year management identified and executed a Letter of Intent with its second licensee client. Once a final Lease and Consulting Agreement is executed, we will have the following responsibilities 1) to create a state approved site plan for a properly zoned cannabis production and processing location in Elma, Washington; 2) to construct and deliver to client a 12,500 square foot indoor/outdoor cannabis production and processing facility at this location.
Earlier this month IPOW said it has applied to upgrade its securities to OTCQB®, the venture marketplace for U.S. and global companies operated by OTC Markets. Currently, IPOWorld’s stock is traded under the ticker IPOW on OTCPink®, the open marketplace also operated by OTC Markets. Securities traded on OTCQB benefit from greater exposure to the investment community and real-time price transparency for investors.
On December 8 IPOW announced it is in negotiations to lease and develop 3 acres of sovereign tribal land located in Anza, CA. The proposed grow facility will be managed by 3rd party consultants that develop proprietary cannabinoid genetics specific to medicinal ailments.
CEO Edward Heckerson said “We believe the future growth of the industry will be fuelled by the companies that understand the value of intellectual property and act on patent protection. In our opinion, disease specific genetic strains of cannabis and proprietary delivery systems are probably the most underserved area of this emerging growth industry. We will be focused on this sector of the business moving forward.”
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Currently trading at a $53 million market valuation IPOW has minimal assets or revenues and little debt. IPOW is an exciting story in small caps; the Company is developer of integrated solutions for the cannabis industry that is currently making some big moves with the 3 acres of tribal land located in Anza, CA as well as the 10,000 square foot indoor/outdoor cannabis growing and processing facility in Olympia, Washington. We will be updating on IPOW when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with IPOW.
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Disclosure: we hold no position in IPOW either long or short and we have not been compensated for this article.