The cannabis industry is growing quickly, and it needs new innovations and technologies to support it. TruTrace Technologies Inc. (OTC: TTTSF) is one company that is helping to facilitate the rise of legal cannabis. It provides unique blockchain solutions to producers, and while it is unproven today, it has the potential to become one of the most important companies in the industry.
TruTrace core product is StrainSecure. It’s a software database system that reduces risk and uncertainty at all ends of the cannabis industry. StrainSecure tracks and validates cannabis strains so that consumers, government agencies, and producers can make better decisions. StrainSecure makes it more feasible for producers to develop proprietary cannabis strains, because database validation will allow them to build unique brands around product characteristics.
The legal cannabis market will be worth close to $57 billion by 2027. This is an industry that is absolutely saturated with opportunity, but investors need to make the right picks.
There’s risk in TruTrace, but the same is true for any stock. The company’s unique technology and approach to serving the cannabis industry make it interesting, even if the financials are unproven. The bargain pricing on this stock means that interested investors can buy a stake today without any significant financial risk.
- 1 Year Price Growth: 64%
- YTD Price Growth: 67%
- 3 Month Price Growth: -17.50%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.