Colorado company FutureLand Corp (OTCMKTS:FUTL) has been largely dormant for many years in terms of any material news but its stock sprung to life out of nowhere on Monday. However, it should be remembered that the move in the stock was in the downward direction and the FutureLand stock actually tanked by as much as 25%.
There was obviously no news about the company and as a matter of fact the last time any news emerged about the company was back in 2017. However, it might be a good idea for investors to perhaps take a closer look at FutureLand and its business.
The company is involved in leasing lands for hemp and cannabis cultivation purposes. Considering the fact that the cannabis and hemp industries are expected to be the industries of the future, the company decided to move into that space fairly quickly.
The company generates its earnings through leasing the land to cultivators, management fees, financing of interest revenues and also through the leasing of land structures. However, considering the fact that there has been no obvious trigger for the drop in the FutureLand stock price, it might be a good idea to keep an eye on the news over the coming days.