Wrapmail Inc (OTCMKTS:WRAP) is a micro-cap stock that’s clearly begun to spur some interest among players in the marketplace as shares bounce up off recent lows. WRAP stock has been powering higher of late, pushed in part by its recent announcement that they have acquired 100% of HealthMax Group (HealthMaxgroup.com), “thereby entering the multi-billion dollar cannabis industry.”
This is another in a line of such transitions, which should be expected. The fact of sharply increasing growth in the cannabis space is huge lure. Companies with both the ability to succeed and those simply desirous of increased enthusiasm around the market for shares of their stock will see this type of move as an attractive option. This happens any time a new major growth market develops. It’s “red hot” as a narrative. Our job is to separate the contenders from the pretenders. The jury is out on HealthMax at this stage.
Wrapmail Inc (OTCMKTS:WRAP)