The hemp industry has grown at a decent rate in recent times ever since its cultivation was legalized and hence, it is a niche in the cannabis sector that has generated considerable interest among investors.
There are now a number of companies that investors can choose from if they are looking to get into this sector and one of those could well be Ubiquitech Software Corp (OTCMKTS:UBQU). It may be a bit under the radar at this point in time but that may be just the reason why you could consider taking a closer look.
Trading Data
On Tuesday, UBQU stock ended flat at $0.0002 with 1.03 billion shares, compared to its average volume of 71.14 million shares. The stock moved within a range of $0.0001 – 0.0002 after opening trade at $0.0002.
About Ubiquitech Software
The company primarily operates through its subsidiary company Cannazail.com. Through the operations of this subsidiary, the company seeks to become one of the major players in the hemp CBD health care industry.
The company uses a range of digital marketing techniques like internet marketing, television, radio, Direct Response, affiliated marketing, search engine optimization radio, internet and television among others for the purpose of driving traffic to the Cannazail.com website.
The company believes that could be one of the ways in which it could turn itself into success in an industry that is worth in billions. As it happens, the company was in the news yesterday after it made a major new announcement with regards to Cannazail.com and it may be a good idea for investors to take a closer look into it.
CannazALL(TM) Purchases its first Metaverse Retail Property in Colorado Springs for its Popular Line of CBD Products
It was announced yesterday that Cannazail.com had joined the biggest affiliate marketing platform operator Rakuten and it goes without saying that it was a major new development for Ubiquitech Software Corp. It was noted that following the act of Joining Rakuten, the company is going to boost its affiliate marketing revenues considerably through the sales of hemp-derived CBD products.
Up until this point, Cannazail.com had been implementing its own affiliate marketing program, which had been devised in-house. However, it also had an affiliate program on ShareASale. Through the addition of Rakuten, Cannazail.com is going to have exposure to a much larger number of affiliate publishers and thereby, lead to a bigger reach into the market.
James Ballas, who is the Chief Executive Officer of Ubiquitech Software Corp spoke about the development as well. He noted that affiliate marketing is one of the more effective ways in which the company could market its products and get the word out easily. Consequently, it is expected to lead to a boost in the number of customers on a daily basis. He went on to add that joining Rakuten is a major new addition to the marketing program at Ubiquitech Software Corp.
The company also believes that there is also going to be a growth in sales through the affiliate partners of the company in the fourth fiscal quarter and further. The company sells CBD formulas from hemp that is grown in Colorado. At this point in time, it offers as many as 35 products and the products are marketed through hundreds upon hundreds of websites.
Technical Data
UBQU stock is trading above the 20-Day and 50-Day Moving averages of $0.0002 and $0.0002 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0003. The company has a total market capitalization of $3K million. The stock is down 28% over the past 3-month.
