Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) Logs a Good Day, Ignites Optimism

Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) survived the gloom of the past days, and held onto its price levels. On Wednesday, TTDZ grew by another 33% to $0.0373, as volumes remain at their usual level, around $1.98 million. TTDZ has not received any new publicity, but so far the company has managed to gain enough trust as a marijuana stock to drift upward on its own.

At these relatively low price levels, TTDZ also looks qualified for an unusual run upward, if some of the old optimism returns. So far, TTDZ has replied well to new PR, so a fresh message could speed things along. Also, TTDZ is expected to get current with its results. Unfortunately, like many other OTC tickers that eschewed reporting, TTDZ is seen with a warning on its landing page, stating the lack of timely material information.

The other rather significant news around TTDZ would be the change in name and ticker symbol, to reflect the centrality of the Green Cures business. This is a source of optimism for investors’ forums, along with the ongoing acquisitions of online resources. TTDZ also has the site Futuremarijuana.com, another web resource focusing on the medicine potential of cannabis for otherwise hard-to-manage medical conditions.

Unfortunately, TTDZ is a bit slow with the name and ticker change, and there is a danger that the shares could sink if the patience of investors is tested too much.

Now, TTDZ and other gainers are sitting on the scales, as the Marijuana index shows a careful recovery after the deep crash in March and April. Even big companies are sinking on a mix of general pessimism and the effect of suspended trading for several big names in the sector. There are, however, separate cases where the upward trend remains without big shakedowns.

So far, Vega Promotional Systems, Inc. (OTCMKTS:VGPR) is holding on to the gains above the penny levels, though with some setback in the past two days. The volumes have thinned out, but still VGPR shows the possibility for robust daily gains. Now, the ticker stepped back a bit to $0.011.

If you are looking for a pot stock with a similar business strategy, United Treatment Centers, Inc. (OTCMKTS:UTRM) is also building up a network of websites. UTRM has been shaken down a bit from the penny levels, and currently drifts sideways at a lower range of $0.006.

The other problem with TTDZ is the expanded share structure, where a free float of 1.6 billion shares is enough to keep the price from being squeezed upward too much. Thus, the market value of above $72 million starts to look shakier. Not to mention that the number of shares was last updated in February, as the company still relies on dilution to finance its acquisition intentions.

TTDZ is one of the savvier OTC companies when it comes to becoming a marijuana stock. After the initial run and a period without news, TTDZ is timely with its updates, just enough to create interest and drive the stock price upward. But we have no way of knowing how long the company would sustain that pace. It is best to choose TTDZ, while having in mind the potential for corrections.