Penny Stocks Under $1 to Watch In 2022 – QEDN

Penny stocks under $1

With new products in stock and discussions for marketing those products to private labels and multinational companies, QED Connect, Inc. (OTC: QEDN) continues to show promise as it expands on its investment in GMS Green Mind Solutions SAS. A Colombian company developing alternatives to illegal crops such as Coca leaves, GMS Green Mind Solutions SAS has spurred QEDN to promote its brand GMSacha Inchi across different markets. After the announcement of INVIMA approval, QEDN caught many investors’ attention. With a market cap of $5.6 million, investors are keeping an eye on QEDN in case it is one of the best penny stocks under $1 to watch in 2022.

QEDN Stock News

The company has signed an LOI for purchasing the entire production of Sacha Inchi (a vegan seed rich in Omegas 3, 6, and 9) from the mining joint venture B2Gold (OTC: BTG) and AngloGold Ashanti (OTC: AU). This crop was developed in conjunction with Colombian farmers as an alternative crop to cocoa leaves which has become illegal – decimating the livelihoods of many local farmers.

QED Connect initially invested with the Colombian crop developer, GMS Green Mind Solutions SAS, to develop new products such as snacks, powders, and beverages from the seeds. The Colombian brand GMSacha Inchi developed in the process allowing QEDN to market these products to private labels and multinational companies including Nestle and Juan Valdez. 

Previously, the company had acquired all the assets of the La Palmichala Mine, but the mining operation was moved to a private company allowing QEDN to focus on marketing the GMSacha Inchi Snack, GMSacha Inchi Powder and GMSacha Inchi Beverage. 

According to the company’s CEO – Katharina Nanny Bahnsen – QEDN is making notable progress as GMSacha Inchi was approved as a vendor on Exito.com. This allows the company to reach more than 6.6 millions clients with its products. It also announced the first batch of GMSacha Inchi beverage packs and is working with Nutresa’s division – Evok – to include the GMSacha Inchi Beverage as one of its products in 2022. The company’s products have also been accepted by Grupo Exito which has over 1,500 stores in Colombia, Brazil, Uruguay and Argentina

As one of the few vegan beverages in the world packed with Omega 3,6, and 9, the GMSacha Inchi Beverage has recently obtained approval from INVIMA – The National Institute for Food and Drug Surveillance in Colombia. INVIMA works alongside the FDA to approve food or drugs that can later be exported to the US, Canada and many other countries. This approval is pivotal to the success of QEDN’s marketing plan for these products and is a bullish sign of what the company could achieve this year.

Currently, QEDN is working with the packaging solutions leader – Tetrapack – to create a unique innovative packaging for GMSacha Inch beverages. To be globally shipped without refrigeration and be environmentally friendly, Tetrapack is designing the packaging for the beverage with recycled materials made with Sugar Cane. Since then, the company has received the certificate from Celema showing that the Sacha Inchi Tetrapack beverage has no harmful bacteria – bringing the company another step towards its goals.

According to its filings, QEDN has $160 thousand in assets but is operating at a loss. As the Sacha Inchi products are marketed via Rangeme to Target, HyVee, GNC, Whole Foods, Nestle, and many others QEDN could develop greater brand awareness which would boost the company’s financial position. However, QEDN has already taken a step forward with Nestle and is moving to marketing.

The company has also announced a move into the animal market by creating GMSacha powder supplements helping dogs maintain a healthy weight. QEDN appears to be expanding on this new avenue with plans to present its product to Purina in the future. The pet and animal product market is lucrative and rapidly expanding so it is a promising sign that QEDN is showing signs of innovation and proactivity by developing products for this unique niche.

Media Sentiment

@Jcazz17 highlights QEDN’s potential in 2022 as it builds on its already strong position.

Technical Analysis

penny stocks under $1 QEDN stock chart

QEDN is currently trading at $.0022 near its support at .0021. The stock shows a resistance at .0025 and .0027. The RSI is currently at 48 and the MACD is bullish while accumulation continues to increase.

penny stocks under $1 QEDN stock chart

It appears more investors are accumulating QEDN shares lately. Over the last year, QEDN has had no dilution which is an encouraging sign for long-term investors. Considering the silent progress this company has achieved throughout 2021, QEDN is well-positioned to capitalize on marketing opportunities throughout this year.

QEDN Stock Forecast

QEDN’s interest in the animal health and wellness market is particularly promising as this industry is forecast to reach $99 billion by 2028. Although the company is currently operating at a loss, it has clear plans for growth and expansion in 2022 which could bring additional revenue to QEDN. Bullish investors may see a return on investment if QEDN’s line of products develops a following among consumers and gain marketing space with a major retailer. As QEDN moves to the marketing phase with Nestle, it could be one of the penny stocks under $1 to watch for major growth considering its $4.8 million market cap.

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