GCGX shares are basing in a productive range that has broken the prior downtrend line in a series of bullish RSI oscillator divergences.
At the same time, the Keltner Channel reading has narrowed to a very improbable width, suggesting some form of range expansion is on the way.
With cannabis and CBD stocks starting to take flight, this may be an important moment for the stock.
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About GCGX
GCGX (Global Consortium Inc.) owns Indulge Oils (www.indulgeoils.com), a cannabis distillate which is currently being manufactured and marketed in California.
Indulge Oils is a premium "pesticide free" product sought after brand as it is known for its purity and high quality. Indulge Oils produces clean and pure oils that do not contain any residual particles, are non-toxic and non-carcinogenic.
This is why Indulge Oils commands a premium for its oils and cartridges. Global Consortium, Inc. executed a 5-year lease with an option to purchase 25,000 square feet in Sacramento, CA.
In January/February of 2020 a new edible brand owned by GCGX will begin rolling off the line in Sacramento and sold through the Distribution and Delivery suite. During 2020 new products will be introduced including beverages.
The company is currently also expanding into the state of Florida.
Key Points:
• GCGX is beginning to shift to commercial-stage operations, with big revenue growth potential as the cannabis and CBD marketplace starts to see robust traction after a long bear market.
• GCGX recently secured necessary permits for its flagship Sacramento location and is now ready to start producing full-out
• GCGX has put in place a multi-stage bullish RSI divergence during its long basing phase, suggesting potential upside ahead.
• GCGX is a major opportunity in the global CBD market, which is estimated to grow at over 125% CAGR over the next five years.
• GCGX is also expanding, with growing operations in the thriving Florida market ready to come online.
At the same time, the Keltner Channel reading has narrowed to a very improbable width, suggesting some form of range expansion is on the way.
With cannabis and CBD stocks starting to take flight, this may be an important moment for the stock.
-------------------------------
About GCGX
GCGX (Global Consortium Inc.) owns Indulge Oils (www.indulgeoils.com), a cannabis distillate which is currently being manufactured and marketed in California.
Indulge Oils is a premium "pesticide free" product sought after brand as it is known for its purity and high quality. Indulge Oils produces clean and pure oils that do not contain any residual particles, are non-toxic and non-carcinogenic.
This is why Indulge Oils commands a premium for its oils and cartridges. Global Consortium, Inc. executed a 5-year lease with an option to purchase 25,000 square feet in Sacramento, CA.
In January/February of 2020 a new edible brand owned by GCGX will begin rolling off the line in Sacramento and sold through the Distribution and Delivery suite. During 2020 new products will be introduced including beverages.
The company is currently also expanding into the state of Florida.
Key Points:
• GCGX is beginning to shift to commercial-stage operations, with big revenue growth potential as the cannabis and CBD marketplace starts to see robust traction after a long bear market.
• GCGX recently secured necessary permits for its flagship Sacramento location and is now ready to start producing full-out
• GCGX has put in place a multi-stage bullish RSI divergence during its long basing phase, suggesting potential upside ahead.
• GCGX is a major opportunity in the global CBD market, which is estimated to grow at over 125% CAGR over the next five years.
• GCGX is also expanding, with growing operations in the thriving Florida market ready to come online.