Today the Marijuana had a slight correction and closed down at $224.55, down -5.61% from yesterdays close (CDN). Most marijuana stocks followed suit. A small market correction is nothing to fear. In fact, when these slight corrections happen it’s time to buy in our opinion.
As a whole, Marijuana Stocks are making the most news out there, and it is estimated that in 2017 we are going to see this sector grow from a 2 Billion dollar industry, to a 20+ Billion Dollar industry, and that’s just in 2017 alone.
If you haven’t yet considered investing in a company trading in this sector, you need to look for companies that have already broken out, but not so much that the growth will be slower than we would like. In other words, timing is everything, and most stocks in this sector that actually have cash in the bank, and a proper growth model are the ones you want to look at.
$MRPHF has been on top of our Marijuana Stock pick for a while now, why? $MRPHF has the best business model out there, cash in the bank, the PPS has nowhere to go but up, and they are now DEBT FREE. At it’s current level, especially after a slight pullback today (-2.81%), you can rest well with this company. They are working on some major events (Think Marijuana Vending Machines in VEGAS, on top of everything else they have and do), and once this hits, the stock price is going to soar to levels that will show all of us some serious gains.
To give you an idea of just how profitable the vending machines can be, watch the video below:
Now imagine machines like this in Las Vegas in a few Major Casino Resorts and do the math. This is exactly what MaraPharm Ventures, Inc. OTCQB: $MRPHF is working on and are actually in negotiations to make happen. It doesn’t stop there for $MRPHF though.
Marapharm has 300,000 square feet of medical marijuana licenses and land and facilities in WA and NV and about two and a half years ago, Marapharm applied in Canada to Health Canada for a MMPR (Production and Sales) license and has passed the necessary security clearances. The application is currently in the in-depth screening process. In September 2016, Health Canada contacted Marapharm with a provision to amend its application to allow for the new regulations, ACMPR.
2 things here: 1) We highly recommend adding some $MRPHF to your portfolio and HOLD it, you can thank us later. 2) Visit their website: http://marapharm.com, and review all the information, go through their news, and take a close look at how big this opportunity is. I think if you do, you’ll see this is a no brainer.
There is a huge research report available on MaraPharm Ventures, Inc. OTCQB: $MRPHF available at: http://www.212research.com/212-research-report-mrphf.html