Altitude Organic Corp (PINK:ERBB) took a hit in May, but it managed to recover quickly, only to lose altitude again over a month.
Yesterday, there was some heavy selling and although ERBB closed at $0.015 for a 6.25% loss, a lot of the 4.6 million shares were sold at $0.013.
There was no definite reason for the selling. The company hasn’t announced anything since Jun. 21, when ERBB revealed it had a target for its first retail hydroponics equipment store.
Although the announcement was not about something final, but rather a forward-looking statement, it managed to give ERBB a 5.56% boost. That, however, was gone the very next session.[BANNER]
ERBB hasn’t published more recent financials after May. The situation then wasn’t the most encouraging.
Until ERBB provides some positive development news, or there is some resolution of the dispensaries situation, it will most likely look for a new support on the market.
