For The Earth Corp (OTCMKTS:FTEG) A Potential Breakout Play on CBD Business Transition

For The Earth Corp (OTCMKTS:FTEG) is banking on a transition into the cannabis space to reinvigorate its growth prospects. The company is in the final stages of the transition, having already carved out a substantial amount of retail footprint, in pursuit of cannabis customers.

Catalysts And Share Price Analysis

The company is in the process of establishing a new state-of-the-art CBD extraction and production facility in Oregon. For The Earth, Corporation has also sought to strengthen its sales channel with the acquisition of CBD vending machines from Vliso AI Chow.In addition, the company has launched its first inline selling store having signed a lease with Town Square mall in Las Vegas. The company has also signed a lease with Boulevard Mall in Las Vegas for the launch of cannabis vending Machines.While the company has made impressive strides on the pursuit of opportunities in the cannabis sector, the stock is yet to bounce back after plunging late last year. The stock is currently languishing below the $0.01 psychological level. FTEG Daily ChartHowever if recent developments are anything to go by, then For The Earth Corporation should be able to bounce back from current levels. Recent developments all but affirm the company’s long-term prospects, when it comes to revenue and shareholder value generation.

What Does For The Earth Corp Do?

For The Earth Corporation casts itself as an emerging integrated CBD producer and retailer. The company is seeking to establish a vertical framework for cultivation, extraction, and reduction of cannabis, supported by a strategic retail footprint in multiple locations.

Recent Developments

For The Earth Corp is making a transition into the cannabis sector in pursuit of growth opportunities. As the latest entry into the sector, the company is in the process of strengthening its cultivation, distribution and sales footprint.The company is in the process of setting up a state-of-the-art cannabis production facility in Eugene Oregon. The Facility is to complement the company’s already established CBD retail footprint. The footprint includes mall, stores, kiosks, vending machines, and e-commerce storefronts.

“We have a lot of faith in the end-demand projections for this market because the vast majority of Americans haven’t discovered CBD yet. As more and more do, this market will suddenly seem vastly undersupplied, and we will have a direct route from extraction facility to end market consumer with no wildcards along the way,” said CEO Nelson Grist.

In line with the push to expand the CBD retail footprint, For The Earth Corp has acquired CBD vending machines from Vliso AI CHOW. The acquisition should allow the company to make a strong entry into the CBD vending business. The machines should also pave the way for the company to broaden brand awareness of its CBD products.For The Earth, Corporation has also signed a lease agreement with the Town Square Mall in Las Vegas where it intends to launch its cannabis sales operations. The new store will display the company’s cannabis products, as it will come with demo stations as well as interactive learning centers. The company has also signed a similar agreement with Boulevard Mall in Las Vegas NV.

“Las Vegas is a great place to launch the new first set of “Chow by For the Earth” Vending Machines. With the healthier benefits of CBD compared to Opioids and For The Earth being a Healthy Living Company, CBD will be a major focus to help fulfill FTEG’s Mission. The vending machines will consist of made in the USA, pharmaceutical grade CBD with ZERO THC and various Pet Products infused with CBD,” FTEG in a statement.

What Next For The Earth Corp?

For The Earth Corp is still in the early stages of development in the multi-billion-dollar cannabis sector. However, the company has made impressive strides that alludes to a future of robust growth. The establishment of a state of the art cannabis facility as well as a robust CBD retail footprint all but affirm a company that is focused on long-term growth prospects.While the stock is still languishing near all-time lows, it should soon emerge as an attractive fundamental investment on investors taking note of its long-term prospects. For early movers, this is a stock worth paying attention to, as it is an exciting breakout play.We will be updating our subscribers as soon as we know more. For the latest updates on FTEG sign up below!Disclosure: We have no position in FTEG and have not been compensated for this article.