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UA Multimedia Rg (OTCMKTS:UAMM) Is Today’s Cannabis Focus

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UA Multimedia Rg (OTCMKTS:UAMM) has been a top runner for cannabis investors so far this year. The company first announced that it was entering the marijuana space last October. This year, UAMM has been updating investors with its plans and getting investors excited about its new business.

For UAMM, the timing couldn’t be any better as a new Green Rusk kicks off. The November ballot wins further helped the bull thesis for UAMM. California, Massachusetts, Maine, and Nevada all voted to legalize marijuana for recreational use, while North Dakota, Arkansas, Montana, and Florida voted for medical use. The American public favors legalization and this is something President Donald Trump understands. All first time administrations want a second term and a war on marijuana by Attorney General Jeff Sessions would hurt President Trump in 2020.

For companies in the space, there’s big money to be made. The size of the market for legal marijuana in the United States is projected to grow to $7.1 billion in 2016, according to a report by New Frontier and ArcView Market Research. That represents 26% growth over the previous year, driven largely by adult recreational sales of marijuana, according to research cited by Forbes.

UA Multimedia, Inc., a former media company, has entered the cannabis industry with its offering of turnkey indoor grow stations and LED lights. All products will be available through its upcoming newly revamped websites, cannaxa.com and cannamedi.com. Cannaxa.com will serve as an online store selling grow related products, while Cannamedi.com will revolve around the medicinal and wellness sector.

In January, the company introduced a turn-key modular indoor growing station, equipped with state-of-the-art lighting and an efficient nutrient delivery system. The station will be made in USA, and can be utilized for growing organic vegetables or medicinal cannabis. The system is expected to be available for purchase by the end of the first quarter.

UAMM has also been working to clean up its capital structure. In January, UAMM reached an agreement with a major shareholder to retire 40 million shares of aged restricted Common stock. The share cancellation represents an approximate ten percent reduction of the stock issued and outstanding.

In addition to working on the final stage with OTC Markets and other entities to achieve the Current listing status, the Company continues to look for ways to optimize its operation and capital structure in anticipating for future growth. Upon achieving the Current status, the Company will initiate the process for a name and ticker change to better reflect its new direction and to facilitate successful branding efforts.

Earlier this month, UAMM announced that it had already received a number of pre-orders for its advanced indoor horticultural grow stations and expects that fulfillment will be complete by the end of this quarter. Managemen launched a promotional offering of $499.95 for the featured set-up, empowering interested patrons with an early incentive to get equipped with a cost-effective opportunity to employ an indoor grow system built for quality yields. The offer will remain available until the end of June. The system will be available for a retail price of $699.95 thereafter.

Aside from the complete grow stations, the full spectrum LED lights, Cannaxa CX-300, are also available for purchase. A single light can output 210 Watts or an HID equivalent of 400 Watts and can cover a 3′ x 3′ area. Additional models will also be made available for purchase next quarter.

Concurrent effort is ongoing with the revamp of the Company’s two websites, Cannaxa.com and Cannamedi.com. Cannaxa.com will serve as an ecommerce platform to sell grow stations, LED lights, hydroponics and other grow related products. The CannaMedi.com website will be revamped to provide information and sell health and wellness products produced with cannabis derived ingredients.

Currently trading with a market cap of $4.4 million, the transition to indoor horticultural grow stations is a smart move by UAMM’s management. The one thing it will take is working capital and UAMM is lacking in that department. At the end of last year, UAMM reported just $10,000 in cash. UAMM will have to raise money and that will dilute existing shareholders. However, if the company can ramp up sales, then that will offset any dilution.

We will be updating our subscribers as soon as we know more. For the latest updates on UAMM, sign up below!

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Disclosure: We have no position in UAMM and have not been compensated for this article.

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UA Multimedia Rg (OTCMKTS:UAMM) Is Today’s Cannabis Focus
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