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Diversification is important. It’s a fundamental element of successful investing. But it’s rare to find high-growth small market cap companies that represent diversification in business model. However, that’s exactly what we have today with IVST.

The company is involved in Biotechnology & Health Services and Construction & Building Materials, and just partnered with the #4 ranked privately held energy company on the Inc. 5000 list of strong growth private companies.

We would also point out the bullish chart pattern, small float, and strong list of recent and coming catalysts. This one deserves immediate attention.

Symbol:  IVST

Company:  Innovest Global Inc.

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

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

Company Website:  www.innovestglobal.com

Key Points:

  • IVST recently partnered with one of the fastest growing private companies in the country to help drive its energy business
  • IVST is making real money, with trailing revs already coming in at $2.9M.
  • IVST has less than 12M shares on the float, suggesting strong upside potential could result from just a small influx of new interest
  • IVST is currently building toward a potential breakout of a bullish flag pattern
  • IVST also just signed a letter of intent to purchase 100% of a revenue-producing building materials supply company

Innovest Global Inc. (OTCMKTS:IVST) has operations in Industrials (commercial and industrial products and services, energy, construction, and building materials) and diversified holdings in biotechnology. The company’s primary growth strategy is to acquire existing companies in a select few industries and attract new customers in cost effective ways.

Currently, Innovest Global, Inc. has a Commercial & Industrial Division, a Biotechnology & Health Services Division, and a Construction & Building Materials Division.

Innovest Global is a diversified company in the Conglomerates Industry, utilizing novel technology and marketing to efficiently acquire customers. Our primary growth strategy is to acquire existing companies in a select few industries, and get new customers in cost effective ways.

Recent Catalysts

The company just announced that it has signed a letter of intent on March 4, 2019 to purchase 100% of a building materials supply company.

According to the release, the central Ohio target generated $4.2 million in revenue with income of $300,000 in owner benefit in 2018, and is currently a purchasing member of Authority National Supply (ANS), an Innovest Global Company.

“The purchase price is $1.067 million to be paid in stock. The transaction is subject to a variety of items including due diligence. ANS plans to buy physical retail locations to vertically expand our business. ANS is a distributor that sells its members building materials at prices lower than they could buy directly from the manufacturers. “Our model provides a platform for the independent businesses in our industry to compete with the larger national companies, and Innovest provides a platform for their succession and the continued success of their company,” said Tony Crookston, CEO of ANS. ANS currently has 25 buying members representing 41 locations in twelve states, adding four locations since being acquired by Innovest in November, 2018.”

Just before that, the company announced the engagement of Plante Moran, the nation’s 11th largest accounting firm, as its internal accounting partner.

That release, noted that “the engagement provides Innovest access to world-class expertise in the areas of acquisition support, valuation, tax, financial statement preparation, consulting, and other services. Innovest has also created a relationship with Chase Bank and their commercial platform, which consolidates all of Innovest’s banking and provides tools and resources which include opportunities for advanced financial resources that will be beneficial as Innovest continues to grow.”

That followed a powerful announcement disclosing that the company had signed a Joint Venture (JV) Agreement with Entrust Energy. The JV marries two of the fastest growing companies in their respective markets. It leverages Innovest’s energy knowledge and call center infrastructure with Entrust’s best practices and energy offerings for commercial clients.

Technical Analysis

The IVST chart is compelling right now as an upward trend currently defined by a clear “Bull Flag” pattern with a bullish trigger line that is sloping in shallow fashion with the potential to act as a technical bullish catalyst on a breakout above the $0.45/share level.

In addition, traders should understand that this is a small float play, with fewer than 12 million shares sitting on the actively traded float. That could help any technically driven breakout extend in a more powerful manner.

About IVST

IVST (Innovest Global Inc.) is a diversified company in the Conglomerates Industry, utilizing novel technology and marketing to efficiently acquire customers. Our primary growth strategy is to acquire existing companies in a select few industries, and get new customers in cost effective ways. Currently we have a Commercial & Industrial Division, and a Biotechnology & Health Services Division.

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