For modern day entrepreneurs, the cannabis legalization trend that’s sweeping the United States and Canada presents a once in a lifetime opportunity to participate in a new industry in which growth can be characterized as inevitable. The parallels of the current time-line for the cannabis industry, as compared to the early development on the legal alcoholic beverage industry following the period of prohibition from 1920 to 1933, are strikingly similar. The legalization of alcoholic beverages precipitated a “mad rush” by businesses to fulfill the demand for a product that a significant segment of the adult population wanted, but was illegal.Visionary entrepreneurs either abandoned their current endeavors altogether and jumped into the fray by starting an alcohol related business from scratch, while others found ways to leverage their current businesses and enter the alcohol industry, either directly or indirectly, to further grow their current business alongside the growth of the alcohol industry as a whole. A similar phenomenon is taking place today with the cannabis industry. An excellent example of such a company is Ubiquitech Software Corp (OTCMKTS: UBQU).Let’s first clear up the confusion of the company name. The company, through its subsidiaries, is a dynamic multi-media, multi-faceted corporation utilizing state-of-the-art global internet marketing, Direct Response (DRTV) Television, Radio, and traditional marketing, to drive traffic to the new and emerging multi-billion dollar industries. Hence the “techy” name Ubiquitech Software Corp.One of the aforementioned multi-billion dollar industries that the company has entered into through its subsidiary HempLifeToday.com, is the cannabis industry. Ubiquitech Software Corp. announced a formal name and symbol change to Endo BioSciences on January 10, 2017. The change is pending and is expected to be approved by FINRA soon.The company’s subsidiary HempLifeToday focuses on the exciting and dynamic new thinking in the world today that recognizes the important health and life enriching enhancement that CBD Oil from the Hemp plant can bring. Through its network of quality USA growers HempLifeToday.com has developed multiple and proprietary CannazALL CBD oil products that include: its popular CBD Tinctures, Oils, GelCaps, CBD Powder, Skin Salve, Wax Crumble, and e-liquid.The company is leveraging its expertise in multi-media and internet marketing to enter into what is currently the fastest growing industry in North America, that being the cannabis industry. Operations at HempLifeToday cover every facet of their products from cultivating cannabis, to developing and manufacturing the products, to marketing, distribution, and customer service.On the marketing front, HempLifeToday is capitalizing on endorsements of CBD (Cannabidiol) from several former NFL players and celebrities. Over the last 12 months many notable NFL athletes and celebrities have spoken about CBD, and how it has given them relief from pain and ailments both common and more serious. This publicity is helping to fuel the awareness of CBD in the US and around the world. Jake Plummer/ Former Denver Broncos starting quarterback, Whoopi Goldberg, Morgan Freeman, Montel Willliams, and most notably Dr. Sanjay Gupta of CNN have endorsed the benefits of CBD.HempLife Today has identified a direct correlation of these endorsements and an increase in Internet traffic and searches for CBD and related links. With its solid footprint on the Internet, and the ever growing awareness of CBD and the CannazALL CBD product line, the Company believes that as more notable people publicly talk about their CBD use, this trend will continue and it will result in increased sales for the company.On the technology front, the company’s main website at www.HempLifeToday.com has now been moved to a new higher capacity server, and all related sites, landing pages, and shopping carts now have up to 500% more capacity to handle the Company's growing customer base. Using state-of-the-art server technology this new system now directs all HempLifeToday.com traffic to a massive load balancing system that ensures optimum speed and loading on a 24 hour basis. In addition, a new alert system is now in place which notifies the Company's tech department in the event of any outages or technical issues.
UBQU stock is forming an ascending triangle pattern with $.0312 as the resistance level, and is now on its third iteration with each price dip having a higher low and strong volume. The stock is currently trading at $.0269. First quarter financials for 2017 show that revenues increased to $1,103,766 from $697,640 from the prior year period, and earnings increased to $113,929 from $34,350 during the first quarter of 2016. Current market capitalization stands at $4.98 million, on 185.31 million shares outstanding as of January 26, 2017Just like the post-prohibition period, there are some very successful alcoholic beverage businesses that exist to this day, that were upstarts immediately following prohibition. The entrepreneurs and investors of that day probably felt the same uncertainty that many are feeling today. But that feeling of uncertainly is nothing compared to the regret that the entrepreneurs/investors that refrained from participating later felt for failing to “pull the trigger.” With the two industries following such a similar tract, the old adage that “hindsight is 20/20” definitely applies here.We will be updating our subscribers as soon as we know more. For the latest updates on UBQU, sign up below!Disclosure: We have no position in UBQU and have not been compensated for this article.
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