Pervasip Corp (OTCMKTS:PVSP) is well known for its work in developing technologies and companies which are involved in high value emerging markets. Over the course of the past week, the stock has managed to come into sharp focus among many investors and ended up with gains of as much as 17%. In this situation, it may be a good idea from investors to perhaps consider taking a closer look at Pervasip and especially into the development from yesterday.
Trading Data
On Tuesday, PVSP stock slid 4.55% to $0.0021 with more than 8.98 million shares, compared to its average Tuesday of 17.53 million shares. The stock moved within a range of $0.0020 – 0.0022 after opening trading at $0.0022.
Pervasip Teams with Premier Cultivation Group to Generate an Additional $5 Million Annually Over the Next 24 Months
The company announced yesterday that along with its fully owned subsidiary company Zen Asset Management, went into a strategic partnership with the cannabis cultivation group Full Spectrum Advisors.
The agreement with Full Spectrum Advisors is an important one considering the fact that it is an accomplished company in its industry. It has operated as much as 7 million square feet worth of indoor canopy in its history so far and is also known for having pioneered advanced crop steering techniques. It is now going to be interesting to see if this latest strategic partnership from the company leads to further gains for the Pervasip Corp stock or not. Investors could do well to keep an eye on it in the coming days.
Key Quote
“Our independent cultivators, utilizing our facilities, combined with the overall potential in Washington State have barely begun to take advantage of all the pportunities for revenue locked up in this network” said German Burtscher, the company’s President & CEO. “We will see substantioal increases not only in harvest yields but also genetic diversity, and improved product quality which will lead to substiantial growth over the next two to three years, not only in Washington, but as the Artizen brand expands into other recreational cannabis markets”.
Technical Data
PVSP stock is trading below the 20-Day and 50-Day Moving averages of $0.0021 and $0.0026 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0032.
