Fortitude Group, Inc. (OTC: FRTD) Penny Stock Cannabis Explosion!
FTRD explodes out of sub penny land!
Fortitude Group, Inc. (OTC: FRTD) has been making a highly explosive move up from lows of $0.0009 to multi penny land in recent months after the Company announced their entry into the smoking red hot Cannabis sector.
According to a recent press release FRTD is a diversified company with investments in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and/or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.
FRTD entered the Cannabis sector on February 21 when CEO Thomas J. Parilla announces, “I am pleased to inform shareholders that after extensive research we have decided to set up a Medical Marijuana company within our Medical Subsidiary. We are in negotiations with several Marijuana companies currently to supply the materials needed to initially take very unique products to market. We believe our Marijuana based products will fill a need within the medical community, and will also provide a solid line of Revenue and Earnings to the parent company.”
The medical marijuana industry is undergoing rapid growth. This expansion is expected to continue as 9 more states have medical marijuana initiatives on the ballot for 2014. In all legal marijuana states, the consumption of cannabis is permitted for patients who have obtained recommendations from medical physicians. Colorado and Washington State additionally allow for all adults (21 years and older) to purchase and consume cannabis for recreational use.
Whole industry sectors are rising around businesses engaged in the legal marijuana supply chain. ArcView Market Research projects the legal marijuana industry has the potential to reach $10.2 billion by 2018.
FRTD has recently announced several new initiatives including the launch of 420cashcard.com. The company has begun processing over 5,000 pre-order applications and will announce to the public initial numbers after their first issuance is completed.
The 420 Prepaid Discover(R) Card was created to fill a void in the medical and legalized recreational marijuana industry. The marijuana industry is still very fragmented and the 420 Cash Prepaid Discover(R) Card aids in bridging the gap between customers and merchants.
Conclusion: FRTD has seen a recent explosion in price and volume after the Company announced they were entering the smoking red hot Cannabis sector. Currently trading at a $10 million market valuation FRTD has been making some significant announcements and is quickly gaining a loyal shareholder base that swears this one goes way higher. Keep FRTD on the watch list.
OTCMagic also has a new secret report on FRTD, to get it subscribe to OTCMagic right now, also everyone should know, we have something HUGE coming!
Fortitude Group, Inc.
Thomas Parilla
fortitudegroupinc.com
STOCK INFORMATION
SYMBOL: PINK: FRTD
Shares Outstanding: 606,039,404
Market Cap: $9,211,799
Fortitude Group, Inc. (OTC: FRTD) was incorporated as Tel-Voice Communications, Inc. in 2003 under the laws of the state of Florida. In January, 2013 the Company changed their name from Rounder, Inc. to Fortitude Group, Inc.
Formerly=Rounder, Inc. until 1-2013
Formerly=Spur Ranch, Inc. until 1-2012
Formerly=New Green Technologies, Inc. until 8-2010
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EDXC, CBDS, EAPH, CBGI, OSLH, LATF, ENRT, UTRM, TAUG, ASKH, MJMD,CANA, FRTD,
Fortitude Group, Inc. (OTC: FRTD) Penny Stock Cannabis Explosion! | OTCMAGIC
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