Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) Spills the Beans: Now, a Marijuana Stock
Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) has been groomed for a while to gain attention as the new hot company that transformed itself into a marijuana business. But it was only after the ticker had a breather during the long weekend that it abandoned the shaky and uncertain period, and logged significant short-term gains. TTDZ added more than 87% to $0.0088, a still very low price- but within sight of the penny levels.
Epic Stocks mentioned TTDZ at the beginning of February, as it took up the ticker for free, riding the unusual activity in a bid to improve its own past record. A couple of days later, TTDZ came in with a press release that it would be completing the legal detail around the takeover by Green Cures, Inc. Initially, TTDZ mentioned that it would be merging with another travel and logistics company, but in the end it is becoming yet another contender at below one cent, for a place in a portfolio of pot stocks.
So far, the financials of TTDZ show the following:
- cash: $10 thousand
- current assets: $7.5 million
- total assets: $9.1 million
- total current liabilities: $740 thousand
- revenues: $1.3 million
- net income: $340 thousand
Now, further reviews are running for TTDZ, but in general, the OTC ticker will become the carrier for the cannabis company. Unfortunately, we still know very little of the qualities of this cannabis company, and so far no reports have shown how Colorado-based vendors are doing. But when it comes to stock traders, novelty and future promise act really well to trigger sales and a rise in price.
Still, TTDZ has not managed to achieve the success of similar fast runners, such as Revolutionary Concepts, Inc. (OTCMKTS:REVO), which easily reached the penny levels. After a rather worrying retreat, REVO had another rather successful day, reaching $0.017.
The pharmaceutical side of the marijuana business is one of the most attractive aspects, as companies that show a readiness and ability to offer an easily available pill form of medical cannabis often become in-demand stocks on the OTC markets. Perhaps the most phenomenal story is that of Creative Edge Nutrition, Inc. (OTCMKTS:FITX), which rushed from below one penny to 10 cents, and so far keeps the gains. The company has a ready line of food supplements, so with some tweaking it could soon market a medical cannabis product.
But keep in mind that despite the business models, most cannabis stocks are way ahead of the real achievements- marketing and sales. In the case of TTDZ, the transformation of the company is inviting unusual attention, but at any moment the rising trend could reverse, especially at the very low price.