General Cannabis Corp (OTCQB:CANN) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 8, gaining 1.88% to close the day at $1.19 after opening the trading day at $1.16. Today’s rise came with about 134,470 shares changing hands, compared to an average of 30-day volume of 119,170 for General Cannabis Corp. Shares moved as high at $1.19 and as low as $1.12 in today’s action.
The share appreciation gives the company a market capitalization of $23.09 million based upon 19.77 million shares outstanding.
In the past 52 weeks, shares of General Cannabis Corp have traded as low as $0.68 and as high as $5.19. Technical traders will take note that at $1.19, shares of CANN are trading below their 50-day moving average (MA) at $1.955 and below their 200-day MA at $2.412. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish.
Who is CANN?
General Cannabis Corp is engaged in acquisition and leasing of cultivation space and related facilities to licensed marijuana growers and dispensary owners for their operations. The company is working from its headquarters in Denver, CO.
For more information on CANN and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit PotNetwork.com today.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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