Global Consortium Inc. (OTCMKTS:GCGX) Negotiates A revised 5-year lease of Sacramento Building with Option to Buy
The shares of Global Consortium Inc. (OTCMKTS:GCGX) continues to move higher and gains another 6% in Wednesday’s session. The stock has gained about 70% over the past month. Here are some of the key developments.
Last week, Global Consortium reviewed terms of its lease of the building it currently leases in Sacramento with the option of acquiring 25,000 sq. ft. of the building. The company seeks to secure the First Right of Refusal of the 39,000 sq. ft. of the remaining section of the facility.
Global to Acquire the Sacramento Building They Lease
The revised lease and the acquisition deal will involve the company and the owner of the building. With Global leasing a larger section of the facility, they have the opportunity of multiplying sections of the business operations before acquiring the building.
The company intends to use 5,000 sq. ft. for manufacturing operations of Infused Edibles and Indulge Oils and also for white Label contracts. They will also allocate 5,000 sq. ft. for distribution and delivery likely to be running before the end of this year. The rest of the space will go into house cultivation as well as more manufacturing opportunities.
Final Inspection of the Sacramento Facility
A few weeks ago the company reported significant progress in the reading workspace in Sacramento. With the positive progress, operations are ready to commence in September. Since the issuance of the permit, the City has been to the facility on several occasions in the last 10 weeks. They have so far carried inspection on rebar, plumbing, fire sprinklers, and concrete inside and out.
The installed the CO2 exhaust system in the last week of August and they are waiting for other inspections. Inspections expected include CO2 Exhaust, CO2 System, Building Code, ADA, Asphalt, Electrical and Cannabis Manufacturing & Agricultural.
The company anticipated the space to be completed by the end of August in readiness for assessment. Global expects final inspection in early September after which they will receive a Certificate of Occupancy following the passing of the final inspection. With the issuance of the Certificate of Occupancy, Indulge Oils will commence the manufacture of THC products for sales. There are plans to start moving Infused Edibles into the facility to begin processing and production of THC infused products.
Rainmaker Worldwide (RAKR) Soars 1000% in a Week: Banking on the Water Crisis Management
Rainmaker Worldwide (OTCMKTS:RAKR) is the biggest penny stock gainer this week as investors started noticing solid potentials. The stock has soared 165% over the past 3-session on hefty volume. In fact, the stock has soared as much as 1025% over the past one week from $0.008 to $0.009.
As everyone knows, the water crisis is now a real issue in many parts of the world and many experts believe that it is going to grow more acute in the years to come. Hence, it is only natural for some companies to have entered this space in a big way. One of those companies is Canada based Rainmaker Worldwide (OTCMKTS:RAKR), which is involved in providing drinking water solutions in a range of geographies. According to the company’s own website, it wishes to make “drinking water possible in impossible places”. It is a business that is noble and at the same time, there is potential to grow significantly in the coming years.
Business Analysis
The company’s main purpose is to provide safe drinking water to people in different parts of the world. Considering the fact that freshwater availability is highly skewed, there are many areas in the Middle East, Africa, and India among others, where safe drinking water is not available. Rainmaker wishes to change that and in order to do so, it uses two types of technology. One of those is air to water and the other is water to water. Using these two technologies, the company produces drinking water that is safe for everyone.
Rainmaker is led by a highly experienced and efficient executive team. Michael O’Connor is the CEO, Chairman of the board and also a director of the company. Having been an executive at Orascom Telecom in Egypt, O’Connor helped spread the company’s mobile connections millions of people in 10 nations. The other key executives are Paul H. Heney, who is the Vice President of the company’s operations in Asia and Joost Oosterling, who is in charge of the European operations.
The water crisis is already at alarming levels and at this point in time, as many as 5 billion people experience water scarcity every month on an average. Since the population of the world is going to continue to grow, the water crisis is only going to get worse at a global level and that is where the expertise of a company like Rainmaker is so important. Rainmaker is also uniquely positioned as the crisis unfolds. The company uses its superior technology to deliver water locally in 5000 liters to 150000 liters units. Local delivery means that the company is not bogged down by red tape in overseas locations and that makes it a significantly attractive investment opportunity.
Puration Inc (PURA) Stock Soars 17% After CBD Beverage Survey
Puration, Inc. (PURA)’s shares had a solid day as the stock soared as much as 17% to close at $0.055. What is more interesting is that Wednesday’s volume was the highest in the past 3-month.
On Wednesday, Puration Inc announced the results of the CBD-infused beverage market research carried out by Goldman Small Cap Research. The market survey is part of the company’s pre-marketing campaign for its new CBD infused coffee, tea, and beer beverages.
CBD infused tea preferable
Results show that tea is the most preferable CBD beverage for consumers and the main reason consumers take CBD is to manage anxiety. Majority of users despite age or geographic diversity consumed CBD products to treat inflammation and relieve anxiety.
Puration is already a leading company in the CBD-infused beverage segment and it produced more than $1 million in CBD beverages in the US last year. In the first half of 2019, the company has already reported $1 million in sales of CBD beverages. Puration has a target of around $4 million sales this year.
The company has indicated that Goldman Small Cap Research has confirmed a speculative buy and PPS target of $0.25 for the company following the results of the market survey. The research firm indicated that Puration is a better positioned CBD-infused beverage provider. Their popular CBD-infused energy water has sold millions worth of beverages in 2019. The expansion to the anti-inflammatory and anti-anxiety characteristics of the popular CBD-infused tea makes leaves most of the key bases covered for Puration.
Puration partners with beer producer to produce CBD Infused beer
Recently the company implemented a program to introduce CBD-infused forms of the current third-party beverages. The company has partnered with a beer producer to produce CBD-infused beer the same way it has partnered with a tea producer and coffee producer to produce CBD infused tea and coffee.
The company recently made a presentation on its CBD infused beverage initiatives on its website. The management is planning to updates the company’s coffee, tea, and beer strategy in combination with the market survey results.
The data collected from the survey will be vital in targeting the company’s marketing path for CBD infused beverages. The company currently racks millions in sales from its EVERx CBD Sports Water.