Yield Growth Corp (CNSX:BOSS) has continued to outperform the overall cannabis sector ever since it went public, late last year. The stock is already up by more than 300%, in its short life in the stock market. The upward momentum is showing no signs of exhaustion, signaling further movements on the upwards supported by improving fundamentals.
Yield Growth Price Analysis
The company’s sentiments in the market have received a boost on the company confirming listing on the OTCQB board. Trading in the U.S is a big development as the company stands to gain greater exposure on the equity markets.
Investors have also continued to push the stock up the charts on the announcement that the company’s Urban Juve skin care products are now available in 20 locations across Canada, one month after launch. The company has also announced the registration of three new products with Health Canada as it continues to strengthen its product line.
A spike in share price does not come as a surprise as Yield Growth Corp appears to be firing on all cylinders when it comes to operational efficiency. The stock is already up by more than 100%, for the year, as it continues to trade in a steep uptrend.
The rally has come at the back of a high turnover in traded shares an indication of growing investor confidence on the company’s long-term prospects. A spike in trading volume indicates that the stock has every reason to continue edging higher, as bulls remain in firm control. Any pullbacks in the short term should experience strong support at the $0.50 mark.
About Yield Growth Corp
Yield Growth Corp is a cannabis-focused company that seeks to ensure rapid and sustainable growth of cannabis and wellness assets. Through its subsidiaries, the company owns over 60 wellness products having registered 29 products with Health Canada. The company also provides digital financial services to legally operating companies in the sector.
U.S Listing Milestone
Yield Growth Corp is skyrocketing in response to a string of positive developments that have once again reaffirmed its growth prospects. Top on the list is the announcement that the company’s stock will start trading in the U.S, under the OTCQB board.
Listing in the small-cap market index should go a long way in enhancing the company’s exposure in the equity markets.
“This is an important milestone as we continue our track record of maximizing long term shareholder value. Further, we are pleased to make it easier for U.S. investors to buy our stock, especially now as we prepare to launch our products in the U.S,” said CEO Penny Green.
Listing in the U.S market comes just days after Yield Growth Corp announced the availability of its Urban Juve skin care products in 20 locations across the country. The company is planning to make the products available in over 60 retail locations before April through its subsidiary Urban Juve.
International expansion Drive
In addition, the company is in the process of securing agreements with international retail chains as part of its international growth strategy. The company has also started working on affiliate marketing partnerships as it eyes additional sales through e-commerce sites. Pursuit of digital and traditional retails sales growth is part of the company’s drive to strengthen revenue streams as it looks it generate significant shareholder value.
Strengthening of the current product line, to take advantage of the ever-growing demand for cannabis products, is also top on the agenda. Yield Growth has already registered three new products with Health Canada as part of the drive. The three product are exfoliates formulated with nontoxic ingredients to target three skin types.
Yield Growth has positioned itself as a high margin licensor of cannabis-infused wellness products. With a portfolio of over 29 approved wellness products, the company remains well positioned to generate significant value as demand for cannabis products continues to grow.
In addition, the company has embarked on an aggressive marketing campaign as it seeks to strengthen its revenue streams. Renewed investors interest in the stock does not come as a surprise given that the company has reaffirmed its growth metrics as it continues to strengthen its product line as well as sales channels.
The stock looks set to continue edging higher in line with the upward momentum in the broader sector. For investors who missed the initial spike, waiting for pullbacks before entering long positions would be an ideal call.
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Disclosure: We have no position in CNSX:BOSS and have not been compensated for this article.