OTC Stocks for Tuesday Watchlist: GENH, PRMO, NUGN, RSHN, BIEI, WUHN

Following were the most active stock buzzers on Monday. Keep an eye on these stocks this week.

If you are interested in nanocap stocks here is one you should look into

Generation Hemp (OTCMKTS:GENH) is a pure-play hemp stock operating in the midstream sector of the industry.  While most of the stocks below have cannabis components that add risk, this stock could be the best way to capitalize on the booming hemp market.

Generation Hemp (OTCMKTS:GENH) uses hemp hurd, the byproduct of hemp processing, as animal bedding, under its Rowdy Rooster brand. Studies have proven hemp hurd bedding as one of the most absorbent, non-acidic materials, with low dust. It inhibits the growth of bacteria and mold that animals may breathe in from those dusty competitors. 

Hemp hurd also absorbs 235% of its weight which is far better than the closest competition (55%).  That’s why GENH’s hurd is now being used to help keep garages clean through a partnership with well-known brand Gas Monkey, Generation Hemp will manufacture a spill absorbent, sourced from hemp hurd.

Generation Hemp Inc. (OTCMKTS:GENH) is also in the crypto mining business, showing just how versatile hemp can be.  GENH has partnered with Massachusetts-based Cryptech Solutions, the largest volume reseller of ASICS in North America, to build ‘green energy’ plants and Bitcoin mining farms that utilize hemp as the primary power source.  GENH announced the first bitcoin mining facility through a Joint Venture ‘JV’ to be installed at Generation Hemp’s  48,000 sq. foot facility in Hopkinsville, Kentucky, which also houses a hemp drying operation through its wholly-owned subsidiary GENH Halcyon Acquisition.

This plant will be able to generate 2 megawatts (‘MW’) which would allow for up to 576 mining units.  Assuming 100 TH/s per unit, GENH and Crypt Solutions would be able to generate $3.65 Million in Bitcoin revenues in 1 year of operations, assuming the price of Bitcoin doesn’t drop beyond its current low. 

Prom Resources Inc. (OTCMKTS:PRMO) stock was in action in previous trading session and bucked the broader market trend. The stock went down 20% to $0.0002 with over 4.48 million shares traded hands, compared to its average volume of 40.08 million shares.   

Prom Resources, Inc. engages in the exploration and extraction of gold ores, corundum, and beryl materials at various mining and exploration perimeters in Madagascar. It sells its extracted material through agreements in place with various third party companies. The company was formerly known as American Benefits Group, Inc. and changed its name to Prom Resources, Inc. in October 2006. Prom Resources, Inc. was incorporated in 1996 and is based in Orlando, Florida.

NuGene International Inc. (OTCMKTS:NUGN) stock continued to trend lower on Monday. On Monday, the stock was down 5.50% to $0.1000  with more than 903K shares traded hands, compared to its average volume of 2.42 million shares.     

The company announced the establishment of a new office in Prague that will focus on boosting BOXO’s brand awareness, marketing performance, media relations, and strategic growth. This is the first of multiple offices BOXO hopes to open in order to establish a presence in key industry locations.

RushNet Inc. (OTCMKTS:RSHN) stock was in action in the previous trading session as the stock fell 13.33% at $0.0013 with over 53.83 million shares traded hands, compared to its average volume of 35.39 million shares.     

Last month, the company announced an update as it progresses toward its major milestones and goals. The audit will be completed shortly with minor adjustments. On the heels of receiving a positive response from the ongoing audit, the company is faced with a critical decision that must be made in order to avoid any negative effect to the greater vision and timeline of the company’s goals.

Premier Biomedical Inc. (OTCMKTS:BIEI) stock was in action in the previous trading session as the stock ended flat at $0.0019 with over 3.37 million shares traded hands, compared to its average volume of 5.65 million shares.  

Premier Biomedical, Inc., a research-based company, discovers and develops medical products for the treatment of PTSD, cancer, and various other diseases. It offers pain management products comprising pain relief patch of hemp oil extracts; water-based and oil-based roll-on applicators; oil-based pump spray applicators; and ointments through its Website painreliefmeds.com and various distributors.

Wuhan General Group (China) Inc.. (OTCMKTS:WUHN) stock was in action in the previous trading session as the stock ended down by 4% to $0.4469 with over 55K shares traded hands, compared to its average volume of 80K shares.   

Wuhan General Group (China), Inc., through its subsidiaries, researches, develops, and commercializes a range of cannabidiol (CBD)-based products under the Dr. AnnaRx brand for pharmacies. It also focuses on exploring and developing other indications for psilocybin new therapies that will enable patients who suffer from mental illness. The company offers its products for medical applications, including cancer, mental disorders, chronic pain, and others. Wuhan General Group (China), Inc. is headquartered in Pointe-Claire, Canada.