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Orchid Ventures Inc (ORVRF)

OTC Markets
Currency in USD
Disclaimer
0.0000
0.0000(0.00%)
Delayed Data

ORVRF Comments

The recovery comes right after they announced record monthly sales since last October IN THE FIRST 18 DAYS OF AUGUST! Now, considering $545k in sales over 18 days, that gives them an average daily sales number of just about $30,300, multiplied by 31 gives us around $939,300 in sales for the whole month of August. Still looks pretty cheap at $0.32 not accounting for any future growth.
ORCD is hands down an industry leader creating the highest standards across the cannabis market - they're doing this with their 3 disruptive technologies, PurCore F1 nano-film, PurCore steel notch, and most recently with PurGuard systems that significantly mitigate the obvious regulatory risks when it comes to preventing minors using vape products. I'm also still hyped about their record-breaking month in August leading to a small run mid-month, there's still time to get in on the ride, I can see strong potential hitting YTD highs in the mid .30s.
I'm buying the dip today considering they announced that they reached their highest month in closed sales since last fall only 18 days into August. Now that their sales pipeline is growing and marketing campaigns are in full force, $ORCD will be seeing some continued major growth.
Orchid stands out in the oversaturated vape market with its diverse product portfolio, low MC, growing volume and low current cost. Their recent announcement breaking the highest sales month in August already also bode extremely well. Today looked like a great day for entry with strong volume up, 11% today.
Earnings were just released. Personally, I’m satisfied with the results and the as they show a lot of growth. Highlights: - Profits increased by 321% over the same period last March ($365k - $1.53M) - 110% jump in revenues ($1.63M - $3.43M) - Brought expenses down by 42% at the same time as increasing profits and revenues. This let $ORCD see a sub $1M loss compared to last year’s $4.4M loss. With the strong growth shown in their report and only a $13M market cap, they’re extremely undervalued compared to their peers in the cannabis industry. The stock has been trading fairly flat in the $0.30 range over the past few months, but the fundamental business has been growing rapidly. Since the company is very under the radar right now, I’m adding to my position at these levels. The financial results gives me a lot more confidence in the company and as the entire cannabis industry grows, I expect $ORCD to continue performing extremely well.
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