CANNA CONSUMER GOO COM NPV (OTCMKTS:CBMJ)
Shares of CANNA CONSUMER GOO COM NPV (OTCMKTS:CBMJ) more than doubled in value after the company received $100,000 in media placements from Canna Funding Solutions. The stock was up 112.48% in response to the massive order, and ended Thursday’s trading session at $0.0134 a share.
The rally helped reverse a strong downward trend that had pushed the stock to this year’s all-time lows. The rally also saw the stock break a key resistance level as the stock rallied to $0.0134. It awaits to be seen if the momentum has what it takes to push the stock to its 52-week high of $0.02 a share.
CANNA CONSUMER GOO COM NPV (OTCMKTS:CBMJ) is a premier cannabis broadcasting company. The firm provides branding, product development, advertising and social marketing services for companies that engage in legal cannabis business. In addition, the company promotes and markets consumer goods for infusion and distribution for cannabis processors, producers, and dispensaries.
Canna Funding Solutions Investment
Under the terms of the agreement, CANNA CONSUMER GOO COM NPV (OTCMKTS:CBMJ) is to promote companies that Canna Funding Solutions decides to invest in during the MJAC2017 Investorhub International Cannabis conference. The event is to take place in Los Angeles between September 1st and 2nd.
Canna Broadcast Media boasts of established Radio Print TV and online media that Canna Funding Solutions plans to leverage as part of the agreement.
“There simply is currently no other company that has been able to consistently demonstrate an ability to get awareness for cannabis companies in mainstream media. We are pleased to have contracted with CBMJ to gain a distinct advantage over other investors […],” said Marc Hatch CEO of Canna Funding Solution.
CANNA CONSUMER GOO COM NPV (OTCMKTS:CBMJ) CEO, Mark Schaftlein, says Canna Funding Solutions exceeded the criteria of the companies they always allow to access their media outlets. Focus according to the firm now shifts towards helping the firm expand its high-quality investment.
The marketing partnership comes on the heels of Cannabis Broadcast Media inking an agreement with Investorhub last month to bring awareness of the upcoming MJAC2017 premium cannabis event. The event will present players in the legal cannabis business an opportunity to showcase their businesses and products to high net worth investors.
Canna Broadcasting Media has already launched a targeted multi media campaign to help companies in the sector take advantage of the investment opportunities in the sector.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
Don’t miss out! Stay informed on $CBMJ and receive breaking news on other hot stocks by signing up for our free newsletter!
About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.