Sub-Penny Stocks In Breakout: GEGI, INQD, DUTV, RSHN

Penny stocks present an enticing opportunity for risk-tolerant traders and investors to generate massive returns. Sub-penny stocks are those that trade below a penny and can offer considerable gains for investors with limited capital because of their affordability. Although sub-penny stocks can have heightened risk, they do offer unique prospects for individuals looking to navigate market uncertainty and volatility. This article focuses on sub-penny stocks worth watching this month, Including GEGI, INQD, DUTV, and RSHN. 

Genesis Electronics partners with Bart on Glīd production 

Genesis Electronics Group Inc (OTCMKTS: GEGI) is dedicated to delivering cutting-edge autonomous tech solutions. Its primary focus lies in autonomous software development powered by AI and machine learning. This highly advanced software is available for acquisition through licensing or direct purchase, presenting a wide range of opportunities for diverse applications.

The Salt Lake City-based firm, which acquired electric shipping company Glīd last year, recently officially declared its successful execution of a legally binding and exclusive manufacturing partnership agreement with Bart Manufacturing, Inc. This collaboration aims to facilitate the production of Glīd units, leveraging Bart Manufacturing’s expertise in the manufacturing field.

Glīd and Bart have also affirmed that the commencement of production for the entire electric Glīd units is anticipated towards the conclusion of the summer, following the finalization of collaborative design efforts for manufacturing operations. This will occur at Bart’s distinguished manufacturing facility in Stockton, CA.

According to GEGI CEO Kevin Damoa, from the commencement of this collaboration, Glīd aligned with Bart right from the start to offer a top-notch product. This product aims to aid short-line rail operators in identifying an environmentally friendly and safer alternative.

With the partnership, GEGI is looking to establish itself as one of the big players in the trucking sector along with the railroad sector by deploying novel ways of shipping existing semi-trailers on rails. Glīd has been positioning itself as an alternative shipping provider as soaring gas prices and oil prices, rail union strikes, port congestion, and driver shortages make it expensive for shipping companies to operate.

The collaboration comes at the back of GEGI making managerial changes with the appointment of Kevin Damoa as its new CEO. Damoa, who was a strategic advisor to the GEGI board, succeeded Braden Jones, who stepped down as the Board chairman. Damao is a seasoned executive with the skill set and experience to accelerate GEGI’s business plan. 

The Glīd maker is also making strides on other fronts after announcing recent plans to build a bleeding rail safety testing and inspection tech to be deployed within Glīder units. These will make transmitting data to rail owners and Glīd operators easier. Damoa said they are looking to equip and support Intelligent Rail Systems implementation and deployment in the US by interlinking and adopting autonomous solutions.

It is worth noting that the partnership with Bart, management changes and various advances that GEGI is undertaking will propel this sub-penny stock to new heights on enhanced investor sentiment.  

Indoor Harvest completes 369Hemp acquisition 

Indoor Harvest Corp (OTCMKTS: INQD) is another sub-penny making moves in the equipment design sector. The company leverages tech and planning on vertical farming, aeroponic cultivation, controlled farming environment and building integrated agriculture in the cannabis sector. 

INQD recently completed the purchase of Opportunity Development Group, LLC and hemp cigarette manufacturer 369Hemp Inc in a cash plus common shares deal. 

The lineup of 369Hemp encompasses 369Hemp itself, along with privately branded hemp cigarettes. Its distribution strategy comprises online direct-to-consumer channels, physical retail locations, and wholesale markets.

The acquisition of 369Hemp by Indoor Harvest is poised to enhance its position in the burgeoning smokable hemp sector. As projected by Hemp Industry Daily, this market is anticipated to achieve a $300-400 million valuation by 2025.

Also, INQD recently purchased a 60% majority stake in Metabiogenix USA for $2.5 million, which was paid in a combination of cash plus common shares. The Japanese Medical Institute valued Metabiogenix USA at $8.9 million at the time of the acquisition.

Bocskor said that through this transaction, INQD would gain an exclusive agreement to market and distribute the entire range of Metabiogenix USA Nutraceuticals in the Western Hemisphere, including South, North, and Central America, as well as Spain. Metabiogenix USA is expected to experience significant growth and is projecting revenues of up to $20 million for the fiscal year 2024.

Digital Utilities Venture subsidiary announces new food water recycling system 

Digital Utilities Ventures Inc (OTCMKTS: DUTV) is another sub-penny stock making its name in the green space by using modular solutions to convert waste to clean water, energy and microbial liquid fertilizer. DUTV seeks to be a formidable name in the green solutions sphere through strategic acquisitions and joint ventures that will enable it to leverage merging opportunities in the market. 

Recently Digital Utilities Venture’s subsidiary Feed Earth Now Inc announced a novel food water recycling system employing acidic fermentation to establish high-value end products for food recycling systems. Feed Earth Now’s decentralized food waste recycling system reduces waste and creates a sustainable system benefiting agriculture and the environment. 

DUTV also announced that Michael Ballmann would join Easy energy systems Inc as Climate Capital Operations manager. Mike will oversee Easy Energy Finance’s day-to-day activities. His responsibilities include implementing the Easy Energy Climate Capital initiative and supporting the development of financial models and off-take agreements for various value-added products. This strategic move will enable the company to offer operational leases of modular equipment to end-users, with investors taking part in the lucrative profits generated.

Rushnet enters agreement with Ehave for psychedelics testing

Rushnet Inc (OTCMKTS: RSHN) is making moves in the beverages and drinks sector. The company produces and sells non-alcoholic and non-carbonated alcoholic beverages. Recently, RSHN announced a deal with Ehave Inc for lab testing in the mental health and psychedelic sectors. Ehave is a digital therapeutics provider in the psychedelics and mental health sector, which will help in developing lab testing solutions and health data management. 

HeliosDX’s Behavioral Toxicology Test offers improved visibility into patients’ health, enabling faster diagnosis and treatment. The companies plan to investigate genetic testing for DNA biomarkers and pre-screening mental surveys to assess the risk of adverse reactions when using ketamine and other psychedelics for mental illness treatment.

Recently RSHN entered a debt restructuring agreement as part of its collaboration with the SEC and FINRA. In March, RSHN reached a deal with investment partners for payment deferment on its original debt liability. The restructuring was beneficial since RSHN could have paid little interest to push its debt payments up to 2023.