For the month of March, we alerted four stocks we believe investors should keep on their watchlist, and while some experienced a slight pullback, others rallied as much as 225% since our write up! Today we’ll highlight four companies that we believe have a lot of catalysts in the works and are worth to put on your radar this month!
One of our top stocks to watch for the month of March was Rritual Superfoods Inc., (CSE: RSF) a health and wellness company focused on utilizing the health benefits of functional mushrooms through their elixir brand Rritual. Rritual Superfoods had an amazing debut on the CSE, where shares of RSF began trading around $.36, RSF rose 225% to hitting a high of $1.17 in late April. The month of April was a busy time for RSF as the company has made some very notable announcements that we would like to highlight. At the end of March, Rritual Superfoods landed its first major distributor when the company announced that it has partnered with national drug store giant, Rite Aid. Under the agreement, RSF will launch its functional superfoods brand Rritual throughout its stores across the United States during the second and third quarter of this year!
In addition to growing its distribution channels, RSF also announced on April 23rd 2021, that the company has engaged CROSSMARK to accelerate its ever expanding footprint in the health and wellness industry. Partnering with CROSSMARK gives RSF a path and an opportunity to reach over 40,000 points of distribution throughout the United States. This new partnership with CROSSMARK is largely due to the CEO of RSF Mr. David Kerbel’s past work experience where he spent over 10 years at CROSSMARK. The senior Vice President of Customer Development West Mr. Jim Badalati was quoted “We are looking forward to partnering with David and the Rritual team. David and I started at CROSSMARK together over 20 years ago and are aligned with doing things right the first time”. Leveraging the CEO’s previous relationship with CROSSMARK is a great way to on board a massive player in the distribution game, and we expect this new partnership is sure to not only increase its brand awareness but will also provide RSF huge exposure to other national retailers in the United States.
On April 29th 2021, Rritual Superfoods announced that the company’s third scale manufacturing run which is nearing completion and is set to provide RSF branded products to over 2,400 retail stores and 10,000 points of distribution in the United States. CEO of RSF David Kerbel stated, “Our team, including our foundational relationships such as CROSSMARK, have exceeded expectations putting the Company in position to embrace its growth trajectory as our national rollout begins to build momentum”. RSF is just getting started in building out its operations including increasing manufacturing and lines of distribution, and we believe there’s a lot more to come from Rritual Superfoods such as; additional U.S retailers, establish ecommerce distribution ie: Amazon/Flipkart, entering new markets like Canada/Europe and the launch of additional Rritual branded products. As you can see, there is a lot that goes into building and establishing a new health and wellness brand for success, and there is no shortage of opportunities that can drive massive growth for Rritual Superfoods Inc.
Universal PropTech Inc.
Universal PropTech (TSX-V: UPI) (OTCQB: UPIPF) a growing leader in the energy efficiency industry is a stock we believe investors will want to keep on their radar for the month of May. UPI was active in March as UPI announced several positive developments including lowering of its debts, and updates on its recent investment of ISBRG Corp., a non-invasive technology for rapid testing of Covid-19. On March 9th 2021, UPI highlighted that ISBRG Corp. is able to detect Covid-19 in under 20 seconds and at a cost of approximately $1.00.
Furthermore, UPI recently called in its convertible debenture and as a result, the company is now debt free and through the exercise of its warrants the company has received an additional $689,584 in cash. A company having no debt, cash on the books and cash flow positive is a great position to be in, and at a market capitalization of $15.5M, we believe UPI remains to be trading at a discounted valuation even with its core business, and the stock offers tremendous upside from these levels.
On April 20th 2021, Universal PropTech announced that it the company received approval from OTC Markets to be listed in the United States and the company has officially began trading on the OTCQB under the symbol UPIPF. It has been a little over a month since the company has issued some significant news, and we believe the company is on the cusp of something big with ISBRG Corp. and thus the reason the company has been quiet. The month of May could very well be setting up for an explosive month so stay tuned for more developments coming from the team at UPI!
Gage Growth Corp.
Another stock we are putting on the watchlist for the month of May is Gage Growth Corp., (CSE: GAGE) cannabis a multi-national operator with operations in the state of Michigan and Canada. Gage Growth Corp recently debuted on the CSE on April 6th, 2021 at around the $3.00 range, however, shares of GAGE did experience some selling pressure and now shares of GAGE seem to have found a floor at around the $2.30 $ $2.40 range.
On April 08th 2021, GAGE announce that the company has entered into an exclusive partnership with Blue River to bring its award-winning products to market in the state of Michigan. Under the agreement, GAGE will be able to produce and distribute Blue River’s branded product by utilizing GAGE’s premium flower as the raw material for its extracts and sold at GAGE stores across the state of Michigan. The CEO of Blue River Mr. Tony Verzura stated "Michigan is one of the fastest growing cannabis markets in the country, and this exclusive partnership marks our first expansion into the Midwest”. GAGE Growth Corp is focused on serving its customer’s with only the best premium cannabis and cannabis products, and the agreement with Blue River proves its dedication in its continuation in providing premium products to its growing customer base.
Link Global Technologies
Founded by a group of experts in energy efficiency, data mining, Bitcoin and financial industry, Link Global (CSE: LNK) focuses on providing cost-effective clean energy solutions to highly intensive energy consuming industries such as bitcoin mining. LNK does have a tight structure with only 42 million shares outstanding with insiders owning approximately 4.4 million shares or ~10% of the shares outstanding. As an example of its innovative energy solutions for the bitcoin mining industry, on April 13th 2021, LNK provided an update on its previously announced joint venture with Neptune Digital Assets Corp. (TSX-V: NDA) upon the creation of Pure Digital Power Corp., a energy and Bitcoin mining infrastructure company using clean energy. In the update, LNK’s jointly formed subsidiary Pure Digital Power Corp. entered into a Letter of Intent (LOI) with a solar consultant for 20MW of solar power, and a definitive agreement was intended to be completed by the end of April. Seeing as it is May 1st and there has not been any news yet in relation to the definitive agreement being signed, we view this to be a potential catalyst that could move the stock and investors may want to keep an eye on as it might be soon!
In addition to upcoming developments, LNK is also in the process of completing its private placement. On April 19th 2021, LNK announced that the company is raising $1,500,00 through a private placement at a price of $.80 cents per share with a whole warrant at $1.25. We expect that once the capital raise is complete, LNK will announce many new developments including the definitive agreement with the Solar consultant as previously indicted.
In March, LNK also announced that the company has expanded its profit-sharing Bitcoin mining operation with NASDAQ listed Bitcoin mining company Bit Digital (NASDAQ: BTBT) adding an additional 515 bitcoin mining machines with an option to add additional 1,000 miners in the near future. LNK has previously entered into a profit-sharing agreement with Bit Digital to provide support and infrastructure to the mining equipment needed to mine Bitcoin, and in return, LNK shall receive net profits in the range of 15% to 20%.
LNK’s recent move from the high $.80’s to a recent high of $1.24 is what initially caught our eye, and now that the stock has pulled back a little, it is presenting an interesting opportunity. With the closing of the private placement that is due at any moment, and a definitive agreement expected to close shortly, LNK may very well be setting up to break its recent high of $1.24 as more news develops.
Forward Looking Statements: This article may contain "forward-looking information" (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections as of the date of the content is published on this website. Wherever possible, words such as "anticipate", "believe", "expects", "intend" and similar expressions have been used to identify these forward- looking statements. Information in this article has been furnished for your information only, is accurate at the time of posting, and may be superseded by more current information. Except as required by law, we do not undertake any obligation to update the information, whether as a result of new information, future events or otherwise. This article should not be considered as personal financial advice. Full Disclosure: Universal PropTech Inc. and Rritual Superfoods Inc, are clients of The parent company of EquityInsight.ca. Directors of the parent company of Equity Insight may buy, hold or sell the securities before during or after this publication.