GDET's New Cannabis Business Can Take PPS From $0.01 To $0.05

Date : 03/15/2019 @ 7:17PM
Source :InvestorsHub NewsWire
Stock : Medical Marijuana, Inc. (PC) (MJNA)
Quote : 0.036144  -0.001406 (-3.74%) @ 7:53PM

GDET's New Cannabis Business Can Take PPS From $0.01 To $0.05

GDET’s New Cannabis Business Can Take PPS From $0.01 To $0.05


New York, NY -- March 15, 2019 -- InvestorsHub NewsWire -- -- GDET (USOTC: GDET) (GD Entertainment & Technology dba “GDET”) has run from $0.005 to a high of over $0.02 on over 100 million shares of trading.  This is record volume for GDET and nearly a year since the PPS has seen north of $0.01.  Speculation that GDET would announce a new cannabis business drove the stock up and news of GDET actually launching a cannabis business saw the PPS retrace back into the $0.01 range.  Some speculative short selling probably contributed to the profit taking that resulted in the retrace.  The GDET PPS is now basing nicely in the $0.01 range and the company clearly has more news yet to release on its new cannabis business.  GDET management indicates product details on its new CBD line are coming soon.  Not to mention more news likely in the works on the company’s Bitcoin business.  $0.01 to $0.02 is a good accumulation range in anticipation of a run to $0.05 or higher in light of GDET’s 52-week high of $0.15.

With Canada legalizing recreational marijuana last year, and the U.S. recently legalizing hemp farming under the 2018 Farm Act, and state by state marijuana legalization continuing to grow, the market is hot for new cannabis plays.  Take a look at some of the hot cannabis sector performers to get an idea of where GDET could go – for instance, Cannabis Science (USOTC: CBIS), Medical Marijuana (USOTC: MJNA), and Pot Networks (USOTC: POTN).

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This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.


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