DirectView Holdings (OTCMKTS: DIRV), a fast-growing provider of security, surveillance, video, and teleconferencing, today soared up 70%, setting a new, all-time record in volume. With no company news today, investors are left to wonder where all of the interest came from. Let's dig deeper.
Taking a look at DIRV's recent press releases reveals that the Company is setting up a record-breaking year. DirectView Holdings (OTCMKTS: DIRV) announced on February 14th that year-to-date revenues were up another $500k to total $6 million, quite a feat in only two months. Also noted was year/year sales growth of 1,689% for the three months ended September 30, 2017. The Company attributes the growth to several factors including larger national clients, strong vertical in manufacturing and warehouse facilities, its new Dallas, TX location, and a revitalized web presence consisting of excellent SEO and multiple websites.
What stands out the most, however, is how DirectView Holdings (OTCMKTS: DIRV) has established the Company in the booming $3.7 billion California cannabis marketplace. On February 20th, 2018, DIRV announced it had inked a deal with an emerging top-tier, multi-level, state-of-the-art CBD (Cannabidiol) processing facility, Level 5 Custom Processing, Inc. DIRV was selected to install all of all security equipment and infrastructure, as well as the servicing of an ongoing security contract at the facility.
For those of you that don't know, CBD (Cannabidiol) is one of 113 cannabinoids in the Cannabis plant. Unlike THC (Tetrahydracannabinol), CBD does not create any psychoactive effects when metabolized, and is useful in treating inflammation caused by a variety of conditions.
DIRV management believes this contract will provide the Company with a foot in the door as a leader in security infrastructure and services for businesses involved in CBD and the booming $3.7 billion California cannabis marketplace. The California cannabis market is expected to hit nearly $4 billion in 2018 sales, and increase to over $5 billion in 2019, according to a new report from Business Insider citing research by leading firm BDS Analytics. Management believes this demand-driven boom will foster enormous new infrastructure, including many more establishments similar to the Level 5 Custom Processing facility.
So, in the end, Monday's success should come as no surprise. DirectView Holdings (OTCMKTS: DIRV) is taking the steps necessary to build shareholder value. Investors are starting to take notice. Are you?
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