TransGlobal Assets Inc. (OTCMKTS: TMSH) is in a range. The state of Michi8agn has registered TransGlobal Assets as a Hemp Growth for the South Have property.
Trading Data
On Wednesday, TMSH stock gained 0.85% at $0.0080 with more than 1.41 shares, compared to its average volume of 493k shares. The stock has moved within a range of $0.0070 – 0.0090 after opening the trade at $0.0080.
Granted Hemp Grower Registration For Its South Haven Property
This registration is a significant step in the development of The Hemp Ranch project.Most importantly, the company plans to commence production by Spring of 2023 after construction has been finalized. The company has set aside ten acres for outdoor hemp growing and the development of novel CBD strains. The space will be utilized for hemp farming and for educational excursions that will provide visitors with a hands-on experience with the science of hemp cultivation. The company acknowledges the importance of public education about Hemp and f its therapeutic uses.
Already the company has entered an agreement with Engineering and Architectural company Steiner Associates. Steiner has commenced initial steps to develop the Hemp ranch. Also, the company has sought services of a surveying firm, Nederveld, to the topographical survey, boundaries verification, and easements drafting services, among others. So, investors should watch TMSH.
Key Quote
Curtis Philpot, CEO of TransGlobal Assets Inc., states, “We will be developing the land next year. This is a massive endeavor that will propel the company forward to a quality vertically integrated producer with strong competitive advantages.”
Technical Data
TMSH stock is trading below the 20-Day and 50-Day Moving averages of $0.0086 and $0.0090 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0115. The stock is down 11% in the past month.
