Look at the chart above. On January 9th, 2020 GTSIF was hovering around the same price as it is now at approximately $.04 to $.05/share.
In the following days, GTSIF started its bullish trend. On January 16th, 2020, the stock made a move to $.11+/share for a clean double in roughly 1 week.
Does GTSIF have the potential to start another bullish trend?
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GreenStar Is An Emerging Opp. To Be Watching Closely
GreenStar Biosciences planned a major expansion in 2019 with the plan of entering several states that include California, Oregon, Michigan, West Virginia, and Nevada. Initially, the company had been focused on the burgeoning CB market in Washington state. This was one of the first states to roll-out a recreational CB platform. When it comes to the Washington state CB market, GreenStar Biosciences has been successful and is a top 5 CB producer/processor in this market.
GreenStar Has Generated More Than $30Mn In Revenue Since Inception
In 2015, GreenStar Biosciences became operational and started selling products in April. The company has been nothing short of an execution story and has recorded strong growth since inception. In 2016, the company generated $6.58Mn of revenue and grew this to $10.4Mn in 2017. In 2018, GreenStar recorded further growth and generated almost $15Mn in revenue.
A Differentiated Growth Opportunity
GreenStar Biosciences represents a differentiated opportunity that is generating significant revenues and has attractive growth prospects. The company is led by a management team with a proven track record of success.
#1 GTSIF News Catalyst Towards Potential Breakout Growth
GreenStar Biosciences Announces Transformational Phase One Expansion at Cowlitz
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2019) - GreenStar Biosciences Corp. (CSE: GSTR) (OTC Pink: GTSIF) ("GreenStar" or the "Company"), is pleased to announce that its tenant partner Cowlitz County CB Cultivation Inc. ("Cowlitz") has completed the first phase of its expansion initiatives with the completion of several grow rooms at its existing facilities. This allows Cowlitz to produce its own high quality CB to meet its growing customer demands.
The first phase of Cowlitz's expansion involved the set-up of four separate grow rooms in its facilities using LED lighting to ensure its cultivation operations are as efficient as possible resulting in reduced operating costs and higher overall margins. All of these grow rooms will be producing the highest "A" grade flower using Cowlitz's own proprietary genetics. Cowlitz recently harvested plants from its first grow room and expects plants from the second room to be harvested by mid-December 2019. Cowlitz has two additional grow rooms established and expects crops from both to be harvested in the coming months. The addition of these fully functional grow rooms increases competitiveness, while significantly lowering product costs, especially in the premium CB market which commands higher prices.
"The first grow room production will hit dispensary shelves this month, and with three additional planned harvests, we expect to see significant growth in both revenues and operating margins," said Rahim Rajwani, CEO and director of GreenStar. Rajwani added, "This additional supply will support strong continued sales and we look forward to Cowlitz achieving additional production and revenue milestones."
Cowlitz operates in a mature yet growing Washington State market. In 2017 the CB sector generated $1.486Bn in sales (per www(dot)502data(dot)com) and this figure is expected to grow to $2.6Bn by 2020 (source: New Frontier Data U.S. CB Report 2019). Cowlitz is a top five licensed processor in the state of Washington, having built a strong reputation by being proven operators providing quality products. Although Cowlitz has secured supply of quality CB through several strategic relationships, the company has seen increased demand for its high end products and has responded by launching its own production initiatives. The addition of its own production capability will support future expansion initiatives including the launch of additional brands and premium product offerings in the coming months.
#2 GTSIF News Catalyst Towards Potential Breakout Growth
GreenStar Biosciences Shares An Open Letter to Shareholders from the CEO Highlighting Recent Successes and Future Plans
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2019) - GreenStar Biosciences Corp. (CSE: GSTR) ("GreenStar" or the "Company") is pleased to share an open letter to shareholders written by Rahim Rajwani, GreenStar's CEO and Director.
Dear Shareholders,
I want to begin by thanking you for your support as GreenStar transitioned to a publicly-listed company in June 2019. This has been instrumental in building the Company and providing a solid foundation for future expansion. So far, 2019 has seen the Company reach significant milestones and I am excited about our prospects as we look to 2020.
GreenStar's first tenant partner company, Cowlitz County CB Cultivation, continues to show strong sales with over $11.8Mn in gross revenue generated for the first seven months of 2019. That puts them on track to meet or exceed 2018 revenue figures in a mature and competitive Washington State market.
Cowlitz has achieved an impressive feat in a relatively short time frame by becoming one of the top processors in all of Washington State. This growth has been driven by a number of factors, including focus on quality, creating valuable relationships with growers and building a highly recognizable brand.
Moreover, the changes to GreenStar's executive management team have brought a wealth of capital markets and operational expertise to the Company. Management is already in the process of reviewing several potential M&A opportunities, new product launches and other operational/tenant partnerships as well as pursuing a U.S. stock quotation. Although recent stock prices for many companies in the CB sector, including GreenStar, have softened, I believe the Company has created a solid foundation for future growth.
Furthermore, GreenStar's value-add proposition includes acquiring, using and licensing innovative technologies. The Company recently announced positive results from initial tests using the proprietary patent-pending technology of Progressive Herbs Inc. A 50/50 joint venture between GreenStar and Progressive holds the exclusive license to utilize the cultivation technology. Additional successful testing and results will provide significant value to the Company and potential alternate revenue streams for GreenStar. Over the coming months, we plan to conduct further testing at scale.
We look forward to building on our successes and delivering long term, enhanced value to the Company.
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GreenStar's Game-Changing Portfolio
Tenant Partner: Cowlitz
GreenStar is steeped with experience in the CB industry earned while refining strategies in Washington, the first state (along with Colorado) to LGLize recreational MJ in 2012. With that experience in tow, the Vancouver-based company – through its subsidiary – has a variety of agreements with Cowlitz County CB Cultivation, Inc. ("Cowlitz"), one of the largest CB companies in Washington. GreenStar refers to companies in its portfolio of operations as “tenant partners.”
Cowlitz is a Tier 2 processor, meaning it utilizes mid-size canopies ranging from 2,000-10,000 square feet, while maintaining a community-minded business model. The company is also one of the largest independent buyers of dried flower in Washington. It needs to be because it produces about 2 million CB pre-rolls each year.