Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) Continues Rising on MMJ Legislation News
Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) is busy conquering new price levels in the pennies range, and the time seems to be right. TTDZ is rising again after the successful last week. On Monday, the ticker added nearly 15% to $0.0455, as buying volumes matched those of the past days, reaching $4.78 million. 
All of this is still happening without a boost from new promotions or emails, so the question remains- for how long will the rising trend continue. For now, TTDZ seems to be climbing calmly, with subdued buying, and days of selling serve to ease the pressure from time to time. Still, this is one of the tickers that is defying the larger fallout in the MMJ sector that started from the beginning of March.
Investors’ forums remain optimistic for more days in the green in the new week, as well as a boost from mainstream news on the Federal Marijuana Policy. For now, the news there are most optimistic: there are clear indications that the Obama administration would be working to take marijuana off the list of the most dangerous drugs, according to the statement of Attorney General Eric Holder.
Despite the big promises for easy and fast legalized sales, marijuana remains restricted and that creates a load of problems for companies big and small. The licensing fees are the least of troubles, but the cannabis business is burdened by its inability to reach banking services. Banks would be required to perform hefty procedures to handle the transactions of businesses still dealing in a restricted substance.
The strange question is why, despite the upcoming positive news, the general mood in the marijuana sector remains subdued. A new month, a round of earnings plus positive legislation news- none of this, for now, serves to alleviate the drop in the leading tickers. The Marijuana index remains depressed, at a third of the price it reached in February.
Speaking of price range, there are tickers that are notoriously stubborn in shifting above the double-zero positions. Once again, Latteno Food, Corp. (OTCMKTS:LATF) shrank back beyond that border, sinking by 11% to $0.0097. For this ticker, the only positive factor is the trading volume, which even in those weak days did not fall below $1.22 million.
United Treatment Centers, Inc. (OTCMKTS:UTRM) boasts a younger rising trend, but it is also stalling in the last few days. UTRM slid down more than 16% to $0.007, as selling matched Friday’s buying at above $1.1 million.
Monday was even worse than the end of last trading week for the Marijuana index. All but two companies sank, dragging down the position by 3.69%, and planting the index solidly below $20. Even for the gainers, the positive step was miniscule, compared to earlier days where growth even for high-priced companies was in the double-digit percentages.
While the next months may lead to another burst, the short term does not look as bright, and certainty is even slimmer. Still, separate tickers come in, surrounded by tempting exuberance. It is best to be aware of the inherent risks before buying up one of those positions.
