Following were the most active stock buzzers in the previous session. Keep an eye on these stocks this week as we could see continued momentum.
Generation Hemp (OTCMKTS:GENH) is a pure-play hemp stock operating in the midstream sector of the industry. While most of the stocks below have cannabis components that add risk, this stock could be the best way to capitalize on the booming hemp market.
Generation Hemp (OTCMKTS:GENH) uses hemp hurd, the byproduct of hemp processing, as animal bedding, under its Rowdy Rooster brand. Studies have proven hemp hurd bedding as one of the most absorbent, non-acidic materials, with low dust. It inhibits the growth of bacteria and mold that animals may breathe in from those dusty competitors.
Hemp hurd also absorbs 235% of its weight which is far better than the closest competition (55%). That’s why GENH’s hurd is now being used to help keep garages clean through a partnership with well-known brand Gas Monkey, Generation Hemp will manufacture a spill absorbent, sourced from hemp hurd.
Generation Hemp Inc. (OTCMKTS:GENH) is also in the crypto mining business, showing just how versatile hemp can be. GENH has partnered with Massachusetts-based Cryptech Solutions, the largest volume reseller of ASICS in North America, to build ‘green energy’ plants and Bitcoin mining farms that utilize hemp as the primary power source. GENH announced the first bitcoin mining facility through a Joint Venture ‘JV’ to be installed at Generation Hemp’s 48,000 sq. foot facility in Hopkinsville, Kentucky, which also houses a hemp drying operation through its wholly-owned subsidiary GENH Halcyon Acquisition.
This plant will be able to generate 2 megawatts (‘MW’) which would allow for up to 576 mining units. Assuming 100 TH/s per unit, GENH and Crypt Solutions would be able to generate $3.65 Million in Bitcoin revenues in 1 year of operations, assuming the price of Bitcoin doesn’t drop beyond its current low.
NuGene International Inc. (OTCMKTS:NUGN) stock was one of the active stock buzzer in the previous session as the stock gained 12.50% to $0.1350 with over 3.21 million shares traded hands, compared to its average volume of 2.84 million shares.
The company announced today the launch of BOXO Productions, its new film and television production subsidiary. The BOXO leadership team is led by industry heavyweights actor/producer Petr Jákl, former CAA agent Ara Keshishian and producer Martin J. Barab.
Performance Drink Group Inc. (OTCMKTS:PDPG) stock continued to trend in a range on Tuesday. On Tuesday, the stock slumped 24.40% to $0.0254 with more than 1.95 million shares traded hands, compared to its average volume of 209K shares.
The company announced the hiring of James Gracely, a senior executive with more than 20 years’ experience in the Beverage, Health & Wellness industry, as the Company’s new Senior Vice President (“SVP”) During his tenure at VPX/Bang Energy, James helped grow annual sales at the company from under $80 million to more than $1 billion dollars, achieving a 10% market share in the energy category.
Kona Gold Beverage Inc. (OTCMKTS:KGKG) stock was one of the notable movers in the previous trading session as the stock fell 6.50% to $0.0277 with over 76.92 million shares traded hands, compared to its average volume of 28.91 million shares.
The company announced the Company had revenues of over one million dollars in the first quarter of 2022. This marks the Company’s first quarter of one million dollars or more, which is a huge milestone and testament to the continued growth it’s experiencing. Kona Gold Beverages two subsidiaries, Kona Gold LLC and Gold Leaf Distribution LLC’s combined revenue broke the one-million-dollar mark in Q1.
RushNet Inc. (OTCMKTS:RSHN) stock was one of the notable volume buzzers in the previous trading session as the stock slid 10.53% to $0.0017 with over 30.30 million shares traded hands, compared to its average volume of 33.35 million shares.
RushNet, Inc. provides beverage products in the United States and Canada. It offers cane-sugar sweetened and natural soda beverages under the Ginseng Rush, Ginseng Rush XXX, and Rush Herbal Cola trademarks. The company also offers electrolyte water under the e-Water trademark. RushNet sells its products through distributors and online. The company was formerly known as V-Net Beverage, Inc. and changed its name to RushNet, Inc. in July 2005. RushNet is based in Blue Island, Illinois.
Eco-Tek Group Inc. (OTCMKTS:ETEK) stock was one of the notable volume buzzers in the previous trading session as the stock ended lower by 8% to $0.0023 with over 92.33 million shares traded hands, compared to its average volume of 46.32 million shares.
Eco-Tek Group, Inc. manufactures and distributes synthetic lubricants, filtration systems, and other products in North America. The company offers synthetic base motor oil, fuel treatment products, engine flush products, synthetic oil stabilizers, bypass and magnetic oil filtration products, hand cleaners, and non-toxic lubricants.
