The Monday Morning Watchlist: Wild Action, and How to Play It (CWBHF, UCLE, TGODF)

Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) recently announced that Russell Hammer has joined the Company as Chief Financial Officer, effective tomorrow, August 15, 2019.

According to the release, “Mr. Hammer, who has most recently served as an advisor in private equity investments, brings more than 30 years of finance experience in the retail, tourism and technology sectors. With his experience leading multi-billion-dollar multinational companies, he is the latest top-tier executive to join Charlotte’s Web as the Company accelerates its growth and evolution into a global consumer packaged goods (“CPG”) brand. Mr. Hammer replaces Rich Mohr, who as CFO has overseen the Company’s successful transition to a publicly traded company and market leader in hemp CBD products.”

Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) bills itself as a company that develops and distributes hemp-based cannabidiol (CBD) wellness products. Its products include CBD hemp oils, capsules, topicals, and pet products that feature CBD hemp oil extracts.

Charlotte’s Web Holdings, Inc. sells its products online as well as through distributors, and brick and mortar retailers.

The company was formerly known as Stanley Brothers Holdings Inc. and changed its name to Charlotte’s Web Holdings, Inc. in July 2018. The company was incorporated in 2018 and is headquartered in Boulder, Colorado.

And the stock has been acting well over recent days, up something like 4% in that time.

Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) pulled in sales of $33.5M in its last reported quarterly financials, representing top line growth of 50.6%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($67.2M against $18.3M).

 

US Nuclear Corp (OTCMKTS:UCLE) develops, manufactures, and sells radiation detection and measuring equipment.

UCLE is running at the front of the line in terms of actual performance and growth for climate change plays in the nuclear space, with cutting edge technology and powerful top-line acceleration. But the crowd hasn’t discovered the name yet. With a float of just 5.4 million shares, the moment it does, this has the potential to go right into orbit.

The technicals suggest breakout potential. And the company is sporting over 170% revenue growth in a hot theme. As we see it, this is only a matter of time.

The company offers radiation water monitors that allow the detection of radioactive materials in drinking water, ground water, rainfall, rivers, and lakes; alpha, beta, gamma, and tritium monitors; DroneRAD aerial radiation detection; air and water monitors; and nano-second X-ray monitors.

It also provides vehicle, personnel, exit, and room monitors; radon air monitors and radon switch products; handheld survey meters, as well as personal dosimeters and pocket micro-R meters; and port security equipment.

In addition, the company offers software, which measures gamma and neutron radiation levels; airborne radioactivity levels; temperature and humidity in the facility; status of security doors; wind speed and direction; and barometric pressure.

Its products and services are used in nuclear reactor plants, universities, local and state hospitals, government agencies, and emergency medical technicians/first responders, as well as in airports, cargo, screening as ports and borders, and other critical infrastructure. US Nuclear Corp. is headquartered in Canoga Park, California.

Shares of UCLE are in an interesting technical situation. The stock has been sliding in the context of a stronger pattern on a larger timeframe. The question at present is whether or not the stock can move above the major moving averages and the critical $1/share level. The stock is also running on a very tight float of just 5.4 million shares.

Right now, the key levels that could represent bullish breakout possibilities include the downward trendline shown in the chart below, along with the major 50-day and 200-day MA’s at $0.94 and $0.85, respectively, and the big psych $1.00 level just above those.

 

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) is an interesting prospect as a laggard in the cannabis patch. One of the ongoing themes in the mix is the interest taken in the company by long-time strategic investor Aurora Cannabis. On that note, the company just announced a recent transaction between Aurora and a syndicate of Canadian banks.

According to the release, the block trade was executed on September 3 after market close. A total of 28.8 million shares were exchanged at a negotiated price of $3.00 per unit. The Edmonton-based company still retains a large number of TGOD warrants equivalent to approximately 5% of the Company’s fully diluted shares.

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) is a research and development company licensed under the Access to Cannabis for Medical Purposes Regulations to cultivate medical cannabis.

The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.

The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica.

The Company has developed a strategic partnership with Aurora Cannabis Inc. (ACB.TO) whereby Aurora has invested approximately C$78.1 million for a 20% off-take agreement on Canadian production. The Company has raised approximately C$350 million dollars and has over 20,000 shareholders.

Moreover, the Green Organic Dutchman Holdings Ltd., through its subsidiary, The Green Organic Dutchman Ltd., operates as a cannabinoid-based research and development company in Canada. It produces organic cannabis products, including organic dried cannabis, cannabis oils and edibles, fresh cannabis, and seeds for medical applications. The company was incorporated in 2016 and is headquartered in Mississauga, Canada.

While this is a clear factor, it has been incorporated into a trading tape characterized by a pretty dominant offer, which hasn’t been the type of action TGODF shareholders really want to see. In total, over the past five days, shares of the stock have dropped by roughly -9% on above average trading volume. All in all, not a particularly friendly tape, but one that may ultimately present some new opportunities. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -11%.

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) generated sales of $2.9M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 20.4% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($122.7M against $32.5M).

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