RushNet, Inc. (RSHN) Acquires Significant Stake in an Industrial Hemp Cultivation Project
RushNet, Inc. (OTC Pink:RSHN) is now a co-owner, along with XYZ Hemp, Inc., formerly Gold River Productions, Inc., having acquired a significant stake in a high-quality Facilities & Land Industrial Hemp Cultivation and processing facility operating and registered in Mesa County within the Colorado Department of Agriculture.
Additionally, each company, RushNet, Inc. and XYZ Hemp, will have their own separate Hemp Cultivation and processing operations, apart from what is co-owned. Details are forthcoming.
Members of the scientific team managing this operation were employed and trained by Tikun Olam, one of the world’s foremost, scientifically backed, medical cannabis brands. Tikun Olam is an international cannabis wellness brand sold in Israel, Canada, Australia, and the U.S., reaching tens of thousands of patients worldwide. Tikun Olam became the first provider of medical cannabis in 2005 and then made history as the first company to receive a government-issued license to supply cannabis in Israel, in 2007. Tikun Olam collected the data that now forms the world’s largest medical cannabis treatment database containing more than 17,000 patient records including their conditions, symptoms, strain usage, dosage and associated levels of relief and improvement in quality of life, over the years. Tikun Olam works with a variety of patients including the elderly and children, with conditions as HIV/AIDS, PTSD, epilepsy, chronic pain, cancer, Colitis or Crohn’s disease, depression, anxiety and many more.
We are confident that the expertise of this operation will significantly ameliorate the risks, and ultimately be a significant factor in making this the success we all envision.
This significant stake acquired will also include four additional annual indoor harvests to be realized from the greenhouses that are now under construction. A significant number of plants have already been purchased and planted and details are forthcoming that will further elaborate on the magnitude and the constitution of operations. The company plans to put into production additional outdoor acreage in 2018 and 2019. Pictures of the outdoor and indoor cultivation projects will soon be available on the company’s website and/or through its social media site.
Industrial Hemp is regulated by the Colorado Department of Agriculture. Statutory authority for the Industrial Hemp Program is provided in Colorado Revised Statutes, Title 35, Article 61. As defined in Colorado Revised Statute, Article 61, section 35-61-101(7) Industrial Hemp means a plant of the genus Cannabis and any part of the plant, whether growing or not, containing a delta-9 tetrahydrocannabinol (THC) concentration of no more than three-tenths of one percent (0.3% THC) on a dry weight basis. Therefore, invariably, Industrial Hemp does not fall under the licensing requirements of marijuana for production or sale.
RushNet has not issued any new shares into the market over the past several years. The share structure for the past several years has remained intact. The company will be transparent and the stock transfer agent, Mountain Share Transfer, LLC., will be available for shareholder verification. There are currently no convertible debentures, Section 3(a)(10) share issuances, or any other pending dilution associated with the company. Please stay tuned for further announcements as we endeavor to create value for our shareholders.
Overall, the bias in prices is: Upwards.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 31 white candles and 13 black candles for a net of 18 white candles.
A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 62.7737. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 62.96. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 1 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 49. This is not a topping or bottoming area. The last signal was a sell 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 30 period(s) ago.
Rex Takasugi – TD Profile
RUSHNET closed down -0.001 at 0.005. Volume was 580% above average (trending) and Bollinger Bands were 385% wider than normal.
Open High Low Close Volume___
0.006 0.006 0.003 0.005 473,087,040
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.00 0.00 0.00
Volatility: 313 345 1,572
Volume: 117,863,584 106,719,824 61,768,436
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
RUSHNET is currently 648.6% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of RSHN.PK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on RSHN.PK and have had this outlook for the last 30 periods.
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