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Cannin’s Cannabis Stock Portfolios track large, mid-tier and small cap cannabis stocks. These include MSOs (multi-state operators) as well as other other little-known, up-and-coming contenders with near to medium term potential. Our team of experts evaluates these portfolios on a daily basis for maximum gains. We’ve recently identified an opportunity with this little-known cannabis stock, Indoor Harvest Corp. (INQD). But why is Indoor Harvest Corp poised for a breakout?

Related: 22nd Century Poised for Breakout

Best Hemp Stocks 2021

As you may already know, Cannin’s Cannabis Stock Portfolios track large, mid-tier and small cap cannabis stocks. These include MSOs (multi-state operators) as well as other other little-known, up-and-coming contenders with near to medium term potential. Our team of experts are constantly evaluating and rebalancing these portfolios for maximum gains.

After rebalancing our portfolios this week, we’ve got exciting news about several new opportunities including this breakout opportunity with Indoor Harvest Corp.

Related: Cannabis Stocks to Watch: Nutritional High International

Keep reading to see our in-depth analysis to see if Indoor Harvest Corp stock is a buy.

Why is Indoor Harvest Corp Poised for a Breakout?

Indoor Harvest Corp. (INQD) designs, develops and markets agricultural equipment. The Company manufactures aeroponic fixtures and support systems for the use in urban controlled environment agriculture and building integrated agriculture.

Related: Automation and the Future of Indoor Cannabis Farming

INQD August 2021

At Cannin, we tend to favor cannabis-ancillary stocks like INQD from a fundamental perspective. Sure the company seems to have an interesting business model and the fundamentals must be reviewed prior to knowing if INQD has any long-term potential – but what are the technicals telling us? Well, the weekly chart is constructive for INQD. PX action shows the downtrend from 2018 to June of 2020 (all time lows) is over.

Related: Global CBD Infused Cosmetics Market Poised for $ 2.22 Billion Growth in the Next 4 Years

Buyers have stepped up since July 2020 and have created a bullish channel which projects higher prices. Looking for a 3rd wave higher which would target 6 cents to 10 cents a share. This is precisely why Indoor Harvest Corp is poised for a breakout.

Follow Indoor Harvest on Twitter for more updates.

Why is Indoor Harvest Corp Poised for a Breakout?


About Cannin: Your Cannabis Stocks Resource

78% of Cannin’s fundamentals prove true within 30 days or less on 100+ recommendations over the past 2 years.

Cannin is your #1 trusted resource for cannabis stocks. Our global team of experts evaluates all emerging cannabis stock investing opportunities. We aggregate hundreds of hours of financial research and provide tips on the best cannabis stocks for 2021. 

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Market analysts expect the marijuana and hemp industry will have an annual value exceeding $75 Billion in the next decade. Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.

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