Minerco (MINE) Is In Correction Mode: How to Trade Now?

The psychedelics-based wellness space has been in focus among investors for quite some time and one of the companies that could be tracked is that of Jamaica-based Minerco Inc (OTC: MINE).

The company is involved in cultivating, producing, and distributing psilocybin mushrooms globally. However, in recent days, the stock has been in the middle of a correction. While that may be the case, it is important to figure out if this is a buying opportunity for new investors.

One of the most important development with regards to Minerco took place back in January. At the time, the company announced that it went into a joint venture partnership with the digital media company Global Trac Solutions Inc. The joint venture is going to see the two parties collaborating on online conferences and other forums with the view of publicizing the virtues of psilocybin mushrooms in a more effective way. It could eventually prove to be a boost for Minerco and its business as well.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.