UPPR: Trending Higher as CBD Narrative Takes Hold

Nicholas Maithya - March 12, 2019

The CBD market continues to become perhaps the hottest growth story on the planet right now and is projected to continue to grow at an accelerating pace over the next 36 months.

In this market, stocks that are new entrants into this powerful growth theme often see powerful momentum and new capital inflows as the crowd discovers them.

UPPR pick is a perfect example of a candidate for that type of treatment

Symbol:  UPPR

Company:  Upper Street Marketing Inc.

Quote:  http://finance.yahoo.com/q?s=UPPR

Latest News:  http://finance.yahoo.com/q/h?s=UPPR+Headlines

Company Website:  https://www.growingspringsholdings.com/

Key Points:

  • UPPR is a new and expanding player in the rapidly growing CBD market
  • UPPR just inked a key partnership through its Growing Springs Holdings Corporation subsidiary to develop fully cGMP CBD oils and isolate for commercial applications as well as research and clinical studies
  • UPPR is coming off an RSI trough under 45, pointing to an oversold stock now heading back higher
  • UPPR continues to hold a strong upward trend going back to summer 2018
  • UPPR has a tiny float of just 13M shares, suggesting that a strong move could be sparked by just a small amount of additional interest

Upper Street Marketing Inc. (OTCMKTS:UPPR) is a public Oklahoma Corporation that specializes in acquisition, finance and management of hemp cultivation, extraction and CBD manufacturing in Colorado and other US States. UPPR is uniquely serving its target markets with cGMP grade cultivation and manufacturing standards.

The rapidly expanding hemp, CBD and cannabis markets in the North American and world markets is a perfect opportunity for UPPR and Growing Springs Holdings Corporation.

UPPR and Growing Springs Holdings Corporation are ideally positioned to capitalize on recent regulatory changes that dramatically enhance opportunities in hemp production and CBD extraction as well as FDA concerns regarding use of CBD’s in the marketplace.

Recent Catalysts

Most recently, the company’s wholly owned subsidiary, Growing Springs Holdings Corporation, announced an expansion of its collaborative agreement previously announced on January 22, 2019 with PrimaPharma, Inc., an FDA registered cGMP manufacturer of drugs.

According to the release, “this partner has agreed to establish a contract to support Upper Street Marketing Inc. and its wholly owned subsidiary, Growing Springs Holdings, Corporation (GSHC) efforts to develop fully cGMP CBD oils and isolate for commercial applications as well as research and clinical studies. Additionally, as of February 18, 2019, PrimaPharma, Inc., has agreed to process and manufacture various industrial hemp CBD isolate and CBD distillate products for UPPR and its wholly owned subsidiary, Growing Springs Holdings Corporation at the PrimaPharma, Inc., San Diego, California location.  These products include, but are not limited to, a variety of wholesale food supplement and pet supply providers seeking wholesale cGMP pharmaceutical quality products at favorable pricing.”

Just before that, the company announced that Primapharma agreed to establish a contract to support Upper Street Marketing Inc. and its wholly owned subsidiary, Growing Springs Holdings Corporation’s (GSHC) efforts to develop fully cGMP CBD oils and isolate for commercial applications as well as research and clinical studies.

According to that release, “Primapharma, Inc will provide technical expertise, staffing and other resources necessary to complete facilities, and the necessary documentation and processes for an FDA registered facility devoted to federally legal cannabinoids derived from Hemp. GSH will provide the necessary funding for dedicated staff, the equipment and facilities.  “We are particularly excited about this agreement with Primapharma, Inc. The agreement further addresses the need for FDA manufacturing and production standards needed in the industrial hemp CBD industry,” said Joseph Earle, UPPR President and CEO.”

Technical Analysis

The main feature of the UPPR chart at present is a strong upward trend. The trend dates back to last summer and continues to exhibit a sturdy technical structure, holding above major moving averages and working through lateral consolidations.

The latest corrective wave has potentially come to a close following a dip through the trendline that closed the session back in the context of the trend after posting a bullish signal on the RSI and MACD indicators.

In addition, as noted above, the stock trades with just a paltry 13 million shares rattling around on the market.

About UPPR

UPPR (Upper Street Marketing Inc.) is a public Oklahoma Corporation that specializes in acquisition, finance and management of hemp cultivation, extraction and CBD manufacturing in Colorado and other US States. UPPR is uniquely serving its target markets with cGMP grade cultivation and manufacturing standards.

The rapidly expanding hemp, CBD and cannabis markets in the North American and world markets is a perfect opportunity for UPPR and Growing Springs Holdings Corporation.

UPPR and Growing Springs Holdings Corporation are ideally positioned to capitalize on recent regulatory changes that dramatically enhance opportunities in hemp production and CBD extraction as well as FDA concerns regarding use of CBD’s in the marketplace.

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Nicholas Maithya

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at [email protected] or follow Nicholas Kitonyi @nmaithyak on Twitter.

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