The last two years witnessed excessive speculation in cannabis related stocks. The Cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space, significant investments, improved distribution, logistics and refined marketing strategies mean theses public cannabis companies are only just starting to sprout. That’s why today we present you with Cannagistics, Inc. (OTC: CNGT). Cannabis stock investors are expecting the industry to deliver improvement the next couple of years.
The ongoing spread of cannabis legalization has brought on a massive wave of advancement that is transforming the cannabis industry. But the biggest transformation in the industry is likely to be technology-based. A number of new technologies are already reshaping the industry, or are on the verge of doing so.
Cannagistics, Inc. (OTC: CNGT) is a U.S. corporation that operates both general and specialty 3PLs (3rd party logistics) with a focus on supply chain management, reverse logistics, warehousing, and transportation, and currently developing industry-specific technology platforms.
Global3PL (Ontario, Canada) is the company’s general commodities operation, with warehouses in Canada and the U.S. that provide monthly and just-in-time inventory, pick and ship, custom house brokerage, as well as international freight forwarding, expedited and deferred air, local, regional, and North American consumer household pickup and delivery, less-than-truckload (“LTL”), truckload (TL).
Cannagistics, Inc. (the company’s Canadian subsidiary) is a cannabis-specific logistics company aimed at streamlining the fragmented cannabis marketplace. The first Canadian company to obtain its own bonded warehouse license for cannabis, we’re also developing the most robust supply chain technology platform specifically for the cannabis ecosystem — to tap the enormous opportunities in the emerging global cannabis marketplace With an intent to solve pain points, we’ll use technology to streamline the complexities of coordinating compliance (state by state and country by country), logistics, international clearances, information, and product shelf-life tracking, powered by services by our knowledge-based operations team.
A few industries offer the long-term growth potential of legal cannabis which could ultimately mean that patient investors in the green rush will be handsomely rewarded.
If the snowball starts rolling toward a bullish event, the surge in volume from bulls and momentum traders could create an extremely volatile near-term spike in Cannagistics, Inc. stock.