Link Reservations Inc. (OTC: LRSV) is a provider of wellness Cannabidiol oil (CBD) & Hemp-based products for both humans and pets. With the continuous growth of the cannabis industry, LRSV finds itself amongst the most innovative of companies amongst other shroom stocks. Developing products not only for humans but for animals, LRSV conducts a lot of R&D into its products, with the aim of developing products that boost immunity and overall well being. LRSV seems to be gaining value quick, increasing 43% during early trading on September 22nd.
Its subsidiary DailyLifeCBD produces Hemp-based and high quality mushroom products for humans. Additionally, its other subsidiary LinkResPet focuses on a line of CBD products specifically designed for cats, dogs, and horses. These products aim to improve the animals’ daily life, as well as help to keep it safe from more severe illnesses that can occur over time.
The CBD market is projected to be worth $216 Billion by 2028 with a compound annual growth rate (CAGR) of 45.6%. Furthermore, the pet CBD market is likely to outpace that of humans exponentially in the upcoming years.
Earlier in the summer, LRSV announced in June that it plans to expand its market presence online through selling their products on Amazon. They specified that they would embark on Amazon US first, with future plans of expansion to Amazon UK, where the company is based. This is very fitting with Amazon’s direction as a company, as Beth Galetti, Amazon’s senior vice president of HR recently stated on September 21st “We strongly believe the time has come to reform the nation’s cannabis policy, and we are committed to helping lead the effort”. LRSV followed this up in July by announcing that they will be accepting payments through cryptocurrencies in order to reach a wider audience.
LRSV gave a press release detailing the preparation of the launch of their 2nd mushroom-based product. This comes as part of their efforts to provide alternative “de-stress” products to conventional antidepressants. Since the start of the pandemic, over 13%+ of the US population has reported being on some form of antidepressant. With the growing depression and anxiety based disorders, LRSV is aiming to provide the market with alternative solutions. These moves by the company will definitely make it amongst the attractive shroom stocks to investors.
Data on plant and mushroom-based medicine suggests people suffering from depression, anxiety, and PTSD can all benefit from well-structured consumption of such products. LRSV have also publicized their intentions in August to explore the development of other mushroom-infused products. They want to target the “Magic Mushroom” product niche, as a fairly small market with high potential of expansion once the law allows it.
On September 22nd, the US house of representatives passed a new bill that will hugely affect the operations of the entire cannabis industry as a whole. The bill has alleviated any penalties on companies, especially banks, for doing business with companies in the cannabis industry. The so-called SAFE Banking Act would essentially transform the cash-based industry, through legally allowing other means for transactions. This acts as a huge boost to the industry given the extra security costs and logistical problems they endure due to these restrictions.
@SalsTradingOTC seems to be anticipating good things for this stock in the days ahead.
Currently trading at $0.0145 the LRSV stock has a resistance line at $0.0160. Its first support line at $0.0140 and its secondary one at $0.0130. After a brief dip in accumulation, it seems to maintain its upward trend. The MACD recently witnessed a bullish crossover on September 21st and is making a quick recovery showing really positive signs. The RSI is currently at 57.04.
Should You Buy?
As discussed above, the cannabis industry is a rapidly growing one and shroom stocks seem to be promising investment. On a larger scale, cannabis laws seem to be quickly moving for the better, with talks in congress on the federal level. With the recent SAFE banking act, many companies will now have much more security. LRSV could be promising because it offers innovative products in a number of different markets. Ranging from hemp-based to mushroom-based they offer products to both humans and animals, with pet products being a rapidly growing market. The company is definitely developing its products at a promising rate, and the stock is likely to increase in value over the next couple of months, possibly hitting its August high of $0.0235 soon!
Please visit and read our disclaimer here.
Don’t forget we have a Youtube Channel with at least biweekly releases on the latest and greatest runners!