Weedmaps and Abstrax have joined forces to embark on groundbreaking research in the realm of cannabis, with a primary focus on elevating the consumer experience. Abstrax, renowned for its expertise in botanical flavor technology and unearthing the mysteries of cannabis, specializes in crafting functional flavors driven by terpenes, resulting in unparalleled sensory encounters.
The collaboration between Weedmaps and Abstrax aims to delve deeper into the understanding of the cannabis plant, providing consumers with invaluable insights. With a showcase of novel and exotic cannabis compounds, the partnership will also draw upon Abstrax’s extensive collection of white papers on cannabis science. These illuminating documents explore a wide range of topics, including the enigmatic realm of exotic flavor compounds and unraveling the secrets behind the sweet elements found within cannabis.
Terpenes, the organic compounds responsible for the captivating aroma and flavor in cannabis and other plants, play a pivotal role in enhancing the user experience. Their unique combinations can either magnify or diminish the effects of cannabinoids, depending on the specific cultivar and individual response. By comprehending the terpene profile of each cannabis strain, consumers can make informed choices that align with their preferences and needs.
Boris Shcharansky, Weedmaps’ VP of cannabis advisory, emphasizes that the ultimate goal of this partnership is to empower consumers with Abstrax’s groundbreaking discoveries, equipping them with comprehensive knowledge about the cannabis plant. This research forms a crucial part of Weedmaps’ ongoing mission to revolutionize the digital landscape of the cannabis industry, delivering invaluable insights to businesses and users alike.
It is worth noting that Abstrax has previously collaborated with Weedmaps as the pioneering terpene distributor on the company’s wholesale cannabis platform, WM Exchange. Additionally, Abstrax works in tandem with leading hemp supplier Terplandia to offer the market top-tier natural hemp terpenes, ensuring the availability of premium quality products.
Otonomo Technologies Ltd.
Updated on: 19/09/2023
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OTMO Stock Stagnates at $3.70 with Low Volume Trading: Market Capitalization at $35.5 Million
On September 19, 2023, OTMO stock had a previous close of $3.70 and opened at the same price. Throughout the trading day, the stock remained within a narrow range of $3.70 – $3.70. The volume for the day was extremely low, with only 1 share traded. The average volume over the past three months was 22,203 shares. OTMO has a market capitalization of $35.5 million.
OTMO Stock Forecast: Analysts Predict Significant Increase in Target Price by September 2023
OTMO stock, the ticker symbol for Otonomo Technologies Ltd, experienced a significant increase in its median target price forecast on September 19, 2023. According to data sourced from CNN Money, the 1 analyst covering OTMO stock has a median target price of 6.30. This represents a substantial 70.27% increase from the last recorded price of 3.70.
The high and low estimates for the 12-month price forecast are also 6.30, indicating a consensus among analysts regarding the potential growth of the stock. This suggests that investors may see significant gains if they decide to invest in OTMO.
The current consensus among the 1 polled investment analyst is to hold stock in Otonomo Technologies Ltd. This rating has remained steady since February, when it was downgraded from a buy rating.
Otonomo Technologies Ltd reported an earnings per share of -$0.10 for the current quarter, indicating a loss during this period. The company also reported sales of $2.9 million for the current quarter, providing insight into its revenue generation. It is important to note that this information may not reflect the overall financial health of the company.
The reporting date for the current quarter’s financial results was February 15, suggesting that the available data may not be up-to-date. Investors should seek more recent financial information to make informed decisions.
In conclusion, the median target price forecast for OTMO stock on September 19, 2023, indicates a significant potential increase. The consensus among analysts is to hold the stock, and the financial performance of the company shows a loss in earnings per share for the current quarter. Investors should conduct further research and consider updated financial information before making any investment decisions.