January 2023 Technology Stocks to Watch Under 1¢: CNNA, ALST, ZRFY

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If there is one sector that continues to intrigue investors then it is the tech sector and for good reason too. Due to the advancements in the tech sector, there is always the possibility of investors stumbling across unheralded companies which may provide considerable long-term value. Over the years, massive wealth has been created thanks to disruptive technologies which have propelled little-known companies into the limelight. This article is going to provide you with a closer look into tech stocks which may currently be trading under a cent but could be worth watching nonetheless.

Cann American Corp (OTCMKTS:CNNA) – The first one to make it to the list is Cann American Corp, which had been in the news last month following the signing of a key deal. The company announced that it had signed a letter of intent with Valkyrie Systems to take up a controlling stake in the latter.

In this regard, it should be noted that Valkyrie Systems is a contractor and sub-contractor for the United States Department of Defence and the United States military. It offers specialized consulting services and also provides highly advanced special operations training. On the other hand, Valkyrie is also involved in providing similar training services for civilians and also for film and television.

All Star Health Brands Inc (OTCMKTS:ALST) – Another tech company in this category that may deserve some attention at this point is All Star Health Brands Inc. The company is currently involved in the development and eventual launch of the Sports Metaverse- Megamall. It collaborated with Advent Galaxy’s unit XR Labs in order to develop the Megamall.

Last month on December 7 the company had come into the news cycle after it provided a virtual introduction of the Megamall. At the time it was announced that it was going to be launched fully in the early part of 2023. At this point in time, it could be a good idea for investors to keep an eye on further developments.

Zerify Inc (OTCMKTS:ZRFY) – Zerify Inc is involved in the cybersecurity space and specifically in offering secure video conferencing solutions. Back on December 27, the company had been in focus after it announced that a non-profit private family center had licensed its product Zerify Meet for the purpose of protecting patient data. It should be noted that the entity has as many as eight locations.