Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

For The Love of Green Stocks

Cannabis Stock: Client Deal Brings in Over 20% Market Cap

Cannabis Stock: Client Deal Brings in Over 20% Market Cap

On Wednesday, 1PM Industries, Inc. filed an 8-K Current Report with the SEC to announce that the company has been retained by a new client — who paid the OPMZ $55,000 in cash and 4.9% equity in their company. Based on the $0.0003 price for the cannabis stock as of Thursday, and 888,722,319 shares outstanding as of Aug. 31st, OPMZ has a market capitalization of $266,616.

That means this new client contract is worth over 20% of 1PM’s market capitalization, not including equity. Currently, 1PM Industries works with three different client companies in three different sectors. The recently-signed client serves as a TV program production company. They also have a stake in elder care and the medical marijuana edibles industry.

1PM Industries sells and distributes marijuana edibles in California under their brand, Von Baron Farms. The company’s products include cookie spread, their award-winning line of waffle batters and more.

We believe that the size of the contract — relative to the company’s market capitalization —  makes this cannabis stock an interesting opportunity. One word of caution, though. “While all investments involve risk, microcap stocks are among the most risky,” says the SEC. The risk of the company failing completely can’t be ignored, but the rewards could be significant. 

Various Bitcoin coins in different colors and writings Related: Time to Invest in the Soaring Cryptocurrency Market? 

Rachel Douty
Rachel started her career on Wall Street in Wealth Management at Merrill Lynch, followed by a deep dive into agricultural commodities trading. Since then, Ms. Douty's thought leadership regarding investments have been featured on Investopedia, Seeking Alpha, Talk Markets, and more. Ms. Douty is a graduate of downtown Manhattan’s Pace University where she studied Finance.

Related Posts

5 Foreign Exchanges That List Pot Stocks

5 Foreign Exchanges That List Pot Stocks

Whenever a large amount of individuals notice  ‘marijuana shares’, they instantly think about penny stock trades within the U.S. Many cannabis stock traders don’t know that there are actually some marijuana-associated businesses doing Nasdaq and NYSE trading. For marijuana traders that have previously investigated what the U.S. market needs […]

Amazon: A Guide on How Bezos Can Thrive in the Cannabis Space

Amazon: A Guide on How Bezos Can Thrive in the Cannabis Space

Whether you keep up with the markets or not, chances are you’ve probably heard that Amazon.com, Inc. (NASADAQ:AMZN) announced the intent to acquire Whole Foods Market, Inc. (NASDAQ:WFM) for over $13 billion. Before the deal was announced, Inc. Magazine’s Zoë Henry wrote an article for […]

Pages: 1 2 3 4



Leave a Reply

Your email address will not be published. Required fields are marked *


Free Report Offer

Sign-up now to receive our free report
"7 Marijuana Stocks That Continuously Pay Out Dividends"

You have Successfully Subscribed!