LITT.V - Potential breakout brewing on 12M volume & growing bids
Speculative $5M mkt cap psychedelic mushrooms & Coronavirus spread prevention pharma play. Mostly promo driven but cheap mkt cap given recent developments.
- Feb 5, 2020: Signed LOI with Legal Dutch Psilocybin Therapy Center to create JV in California. Expecting to sign DA at the end of February.
- Feb 12, 2020: Signed LOI with CLOV Biopharma (specializing in research of cedar leaf oil vapour to prevent the spread of Coronavirus and other pathogenic respiratory viruses).
Should be close to done churning through .055 pp shares and profit takers from recent lows. Strong bid support. Today's 12M+ volume was 2nd highest on TSXV and is a potential sign of coming breakout.
- Feb 5, 2020: Signed LOI with Legal Dutch Psilocybin Therapy Center to create JV in California. Expecting to sign DA at the end of February.
- Feb 12, 2020: Signed LOI with CLOV Biopharma (specializing in research of cedar leaf oil vapour to prevent the spread of Coronavirus and other pathogenic respiratory viruses).
Should be close to done churning through .055 pp shares and profit takers from recent lows. Strong bid support. Today's 12M+ volume was 2nd highest on TSXV and is a potential sign of coming breakout.
Commento:
Macro: heavy promotion of Psychedelics as the next "Pot Stocks" hype in the financial press this week, including in Bloomber, Yahoo Finance, Financial Post, etc..