DionyMed Brands (DYMEF)
DionyMed Brands, also known as DYME was founded in 2017 and is a rapidly growing multi-state cannabis brand and distribution platform. DYME supports cultivators, manufacturers, and award winning brands in the medical and adult-use cannabis market. DYME sells brands in every category from flower, to vape cartridges, concentrates and edibles, serving more than 850 dispensaries and 45,000 direct to consumer deliveries each month.
DYME is currently operating in California, Oregon, Nevada, and Massachusetts; with near term plans to enter Colorado and Michigan. A key differentiator of DYME is that it focuses on both distribution to retailers as well as delivery directly to consumers. Its biggest beliefs are in the power of cannabis for healing and happiness, the power of the true believers and pioneers of cannabis, the industry is providing great jobs for great people, as well as the future of cannabis and a world where cannabis is Always in Stock.
DionyMed Brands recently jumped in share prices as they shared news that they received three provisional licenses in California. DYME received two licenses in Los Angeles as well as one in San Francisco to add to its collection of licenses already throughout California. These licenses allow the company to sell cannabis and CBD products to consumers and patients throughout southern California though the company’s concierge cannabis delivery service.
With the stock currently trading at $.87 we see a potential entry with positive news coming forward. With support and volume, we see a target 1, the red line, at $.95. The stock has reached over $2.30 in the past and we see potential to reach over a $1 and to $1.05, our target 2 is the yellow line.