Metatron Inc (OTCMKTS:MRNJ) Is Due For A Comeback

Any player within the cannabis sector must have seen the drastic increase in volumes traded for the shares of Metatron Inc (OTCMKTS:MRNJ).This rise sparked interest across board as players wanted to know more about who they are, what they do and more importantly what they have done or are about to do right necessitating such a boom.Readers can have a look at the share price and volumes in the chart below. MRNJ Daily ChartAs such, we found it important to look at the company and review their strategy as well as recent developments in a bid to answer the questions on most readers’ minds. This piece seeks to do just as much.Company BasicsMetatron, Inc was incorporated on November 17, 2000 under the laws of the State of Delaware as USA Polymers Inc. However, on July 26, 2001 they filed a certificate of amendment to change their name to XRG Inc, and began operations as a holding company that owned subsidiary interstate trucking companies.In 2009, they finally we entered into an agreement with Belmont Partners LLC by which Belmont acquired fifty three percent (53%) of our common stock, a move which was followed shortly by the change in name to Metatron Inc.The above agreement was the beginning of their entry into the digital space. With this entry came the need to grow their influence and the management knew the best way to do so: acquisitions.As a result, the company made four main acquisitions: Rcomm Inc, iMobilize Inc, Just Data Billings Inc and PB Magic Inc, all which were players in the digital space.They, having settled in, have now opted to venture into a new market while having the backing of the digital space, the cannabis industry.Digital CannabisA few years after venturing into this field, the management of MRNJ found a new opportunity embedded in the legalization of marijuana in different states around the USA. Their new role would have been ensuring that people within the USA had a link to their distributors.How was this to be done?Well, that’s where their mobile network came in.MRNJ since then prides itself in being a pioneer of releasing Marijuana & CBD-related apps on iTunes and Google Play. These apps have been the source of their revenue over time with the number of downloads being a key estimator as to the revenue of the company or future prospects. Moreover, given the size and growth rate within the cannabis industry, little limitations stand in the way of growth of a company such as MRNJ.As such, it shocked no one when their number of mobile application downloads rose by over 232% during the period ending August 1, 2017. Such an increase exemplifies the previous statement on growth, and is further underscored by the words of the company CEO, Joe Riehl who said:

"Cannabis and Cannabis related products are and will be one of the biggest dollar markets in history next to oil and we here at Metatron intend to be a part of this ever-growing industry."

Source:Over this period, in a bid to boost their revenue base as well as increase shareholder value, the company also worked at launching their new product line: infused drinks and edibles.In the move hailed by the CEO who described it as“being reflective of Metatron's entry into the Cannabis Health and Wellness area…”, the company will be launching the new products that include Edible Gummies, Candies, tinctures, oils and capsules which would be added to their CBD infused Coffee's and Tea's product line.Finally, the company has come up with its best strategy yet.MRNJ’s management, early this month, decided to venture into the cryptocurrency space by announcing the development of a cryptocurrency based app. The app is meant to track current and new issues of coins and tokens akin to the firm while allowing the entry of MRNJ into this space.Their CEO while unveiling this bold step made the following remarks:

"Cannabis and Crypto-Currencies like Bitcoin and Etherium will be some of the biggest dollar markets in history and we here at Metatron intend to be a part of these ever-growing industries."

Source:With the development of over 2000 applications, the company’s management believes in the success of this app and venture. Their entry into the cryptocurrency space is a first within their industry and is bound to grow them far and wide.In our view, therefore, the general trend is bound to reverse courtesy of the recent decisions made by the company’s management, especially strategic decisions. Therefore, over the next few years, the only limit to their success will only be their ability to implement and fulfil on their promises.Let us now assess their financial performance.Historical FinancialsDespite the plans stipulated above, their financial performance has not fully been conforming.Over the quarter ending June 2017, their revenues stood at $10,050 from $16,376 over the same quarter last year. Moreover, their working capital base during 2Q2017 stood at $127,303.This, however, was mitigated by the reduction in losses from $58,373 to $41,632 courtesy of a cost-cutting strategy the company adopted.Despite the numbers looking as frail as they do, there is hope for the future of MRNJ as they work at implementing their plans. It is in these plans coupled with their management’s already implemented cost-cutting strategy that we base our conclusion about the company’s growth potential.ConclusionMRNJ will be a stock to watch in the near future as witnessed by the increase in trading volumes over the recent past. The serious downturn in the share prices of MRNJ presents the best opportunity for investors to buy low and sell high.We will be updating our subscribers as soon as we know more. For the latest updates on MRNJ, sign up below!Disclosure: We have no position in MRNJ and have not been compensated for this article.