Enviro-Serv Inc. (OTCMKTS:EVSV) jumped 84%, and in the past week, the stock has surged over 250%. The company recently announced that its joint venture partner in Michigan was engaged for outdoor cannabis growing for a second year running. CEO and Chairman Chris Trina said that they are pleased to announce that they have partnered with Canna Capital Development to fund the company’s outdoor cannabis cultivation in Central Michigan for a second year running.
Trina said the company had tripled its investment for the current growing season, and they are optimistic that they will have high yields supporting its in the fast-growing cannabis segment. In 2020, the company produced a net return of 75% through the partnership, and EVSV is optimistic about exceeding that ROI this year.
Through the current investment funding deal for 2021 growth, EVSV has secured an option for another grow in 2022, agreeing to a two-year deal. Therefore, in the coming months, EVSV is a stock to watch.
Market Reaction:
On Tuesday, EVSV stock soared 84.10% at $0.1528 with more than 4.61 million shares, compared to its average volume of 137k shares. The stock had moved within a range of $0.0800 – 0.1590 after opening the trade at $0.0840. Over the past 52-week, the stock has been trading within a range of $0.0411 – 0.2380.
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