Wednesdays Big OTC Plays: GENH, PUGE, BRGC, FOMC, SPIN, AITX

Following were the notable penny stock buzzers in the previous session on high volume. Keep an eye on these stocks this week.

If you are interested in nanocap stocks here is one you should look into

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.

Puget Technologies Inc. (OTCMKTS:PUGE) stock was in action in the previous trading session as the stock ended higher by 1.12% to $0.0018 with over 40.07 million shares traded hands, compared to its average volume of 109.26 million shares.

Puget Technologies, Inc. does not have significant operations. Previously, it was engaged in the development and sale of personal 3D printers. The company was incorporated in 2010 and is based in Boca Raton, Florida. Puget Technologies, Inc. is a subsidiary of Qest Consulting Group, Inc.

BrightRock Gold Corp. (OTCMKTS:BRGC) stock was one of the notable active movers in previous trading session as the stock fell 6.76% at $0.1380 with over 97k shares traded hands, compared to its average volume of 249K shares.

The company announced positive progress on the ownership transfer. The process to officially transfer 100% interest in the Midnight Owl Mine from Red Beryl Mining Company, Inc. to Brightrock Gold Corp. is nearing completion. This involves two notarized deeds, one for the Yavapai County, Arizona recorder and one for the Bureau of Land Management. We expect processing and full completion of this transfer within 2 weeks. Way ahead of our original 90 day timeline disclosed on the March 1st press release.

FOMO Corp. (OTCMKTS:FOMC) stock continued to trend lower on Tuesday. On Tuesday, the stock fell 7.14% to $0.0007 with more than 43.66 million shares traded hands, compared to its average volume of 98.58 million shares.

FOMO Corp., through its subsidiaries, provides germicidal disinfection of air and hard surfaces across the commercial and residential landscape. It also offers personal protective equipment, as well as turn-key lighting solutions for a range of clients. In addition, it provides energy efficiency consulting and sustainability solutions. The company was formerly known as 2050 Motors, Inc. and changed its name to FOMO Corp. in December 2019. FOMO Corp. is based in Chicago, Illinois.

Spine Injury Solutions Inc. (OTCMKTS:SPIN) stock was one of the most active stock buzzers. The stock moved up 3.20% to $0.4385 with 173K share traded hands, compared to its average volume of 62K shares.

Recently, the company announced the appointment of Robert Brilon to its Board of Directors (the “Board”) and the appointment of Roy Bao as its Chief Technology Officer. Mr. Brilon is also the Company’s Chief Financial Officer.

Artificial Intelligence Technology Solutions Inc. (OTCMKTS:AITX) stock continued to trend in a range on Tuesday. On Tuesday, the stock fell 5.70% to $0.0124 with more than 26.38 million shares traded hands, compared to its average volume of 22.02 million.

Anyone who is looking into the artificial intelligence industry for investment options could do well to consider taking a look at the Artificial Intelligence Technology Solutions stock. The company is involved in the production of security robots like ROSA and ROAMEO which help enterprises in reducing labor costs considerably that would otherwise be spent on security guards.


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