Home Financial Markets Penny Stocks Should You Buy Minerco Inc (OTC: MINE) Right Now? The Pros and...

Should You Buy Minerco Inc (OTC: MINE) Right Now? The Pros and Cons of Getting in at Current Price

Minerco Inc (OTC: MINE) soared 12.90% to $0.0140 at the closing of yesterday’s trading. Compared to the Company’s average weekly volume of 1.41B, the Company’s volume was 964.32M.

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Company Info.

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Minerco Inc. (OTC Pink: MINE) The Magic Mushroom Company is the pioneering Company specializing in the discovery, development, and distribution of psilocybin and other psychedelic mushrooms. It is listed on the NASDAQ under the symbol MINE.

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Recent Update

February 16, 2021 – Minerco Inc. (OTC Pink: MINE) inherited EROP Capital’s outstanding debt incurred during its prior ownership. Thus, Minerco’s new management team established contact with EROP Capital and settled debt jointly. Minerco’s management also decided to retire 477,000,000 shares to the corporation’s treasury following the settlement of EROP’s debt. It is expected that the Company will be strengthened with a healthier balance sheet by the end of the year.

In the Sankofa Shareholder and Vision Summit, held on January 24, 2021, the leadership announced that this would be a critical year in achieving their goals. Management expressed the aim to retire debt, acquire the equipment needed for micro dot production to reach one million per day, and develop the SHRU Coin, as well as find a U.S. location for them to maximize the U.S. and Jamaican production dependency as well. The Minerco management team’s first goal has been met as a result of this week’s announcement.

February 3, 2021 – Abdur Rahman is added to the management team of MINERCO Inc. (OTC PINK: MINE) for his expertise in blockchains, including Bitcoin, and Etherium.

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Minerco will use this opportunity to finalize the development of its token SHRU, as the Company gears up to create its payment gateway, which will allow consumers to purchase cannabis and psilocybin through the blockchain.

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