Welcome to the Daily Picks! Where Uptick staff looks for new companies to feature, giving readers the opportunity to find new possibilities for their investment portfolios.
HEOFF: H2O Innovation Inc.
OTCQX: Key highlights:
Revenues reached $14.2 M for the period, compared to $12.1 M for the same period in fiscal year 2015;
Net earnings of $646,422, compared to net earnings of $150,490 for the same period in fiscal year 2015;
Gross profit margin at 31.8%, compared to 32.1% for the same period of fiscal year 2015;
Adjusted EBITDA1 at $1,245,324, compared to $897,846 for the same period in fiscal year 2015;
Adjusted EBITDA over revenues ratio reached 8.8%, a significant increase compared to 7.4% for the comparable period of fiscal year 2015
CBIS: Cannabis Science, Inc.
CBIS Gets Set to Break Ground on Its 360,000 sq. ft. Ft. McDermitt Drug Development Project; Chief William Bills of the Fort McDermitt Tribal Allotment Indian Lands Tours Property With Investors/Licensees With 1 Million sq. ft. of Cultivation Licenses
OTCPink: Cannabis Science, Inc. (OTC PINK: CBIS), a U.S. company specializing in the development of cannabis-based medicines, is getting ready to break ground on its 10 acre (360,000 sq. ft.) Ft. McDermitt Drug Development Project. Chief William Bills of the Fort McDermitt Tribal Allotment Indian Lands tours property with investors/licensees with 1 million sq. ft. of cultivation licenses available for a limited time. To date, 11 acres (396,000 sq. ft.) are signed for, and additionally, 20 acres (720,000 sq. ft.) are spoken for.
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