Altitude Organic Corp. (PINK:ERBB) Deserves Your Attention
14 Jun 2011

You will not be bored if you set your eyes and your mind on Altitude Organic Corp. The recent performance of the stock (PINK:ERBB) is, maybe, not that much thrilling. Unlike it, the flood of information released by the corporation and the battle that it is fighting across the USA, may just leave you excited.

Altitude a publicly-traded medical marijuana company which provides independently owned retail dispensaries in Colorado, California, as well as Arizona business support services. As their website states, the corporation acts as “a one-stop-shop for entrepreneurs looking to enter the industry of legal cannabis.”

So, good-bye to boredom! This cannabis issue sounds contemporary and even pressing to many people. And the company developments come one after another, giving the readers almost no time to take their breath. As you are, most probably, well acquainted with the announcements of Altitude, there is not much sense in retelling them again in this article.

It is still of great significance to remind several major events. One of these is the fact that the corporation started its attack on the Arizona market in April. It was then when the company informed to have signed up three potential dispensary owners in Arizona who wished to open their own Altitude Organic Medicine dispensaries.

Perhaps, the launch of a free mobile application for Android and iPhone users might be defined as a huge achievement for the corporation too.

Altitude is watching closely the battle on the national level too. It provided to investors detailed information and plenty of comments regarding the Federal Legislation directed toward legalizing cannabis. This was hardly done by accident. a Not a long time ago, organizations, like the National Cannabis Industry Association (NCIA) introduced several pro-marijuana bills in the House of Representatives.

The corporation was, perhaps, somewhat disappointed when Arizona Governor, Jan Brewer, insisted for a delay in the implementation of the Arizona medical marijuana program. It was probably one of the reasons for which Altitude purchased 50% of Sundance Hydroponics, a national retailer of horticulture equipment. The company’s CEO, Mr Cook, defines Hydroponics as “the most dependable equipment provider in the Colorado medical marijuana industry.”

The latest financial statements of the corporation reveal not a very bright picture. Altitude reported a net loss of $0.58M for the first three months of the year. Besides, the current assets of $20,271 are no match for the current liabilities that reach almost $3M.

Nevertheless, you must not distract your attention from Altitude Organic Corp. in the months to come. The battle continues!

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