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Cannabis Stock Leader: Canna Consumer Goods Inc (OTO:CBMJ) Advances 13.95% for June 13

Canna Consumer Goods Inc (OTO:CBMJ) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 13, gaining 13.95% to close the day at $0.0049 after opening the trading day at $0.0043. Today’s rise came with about 122,324 shares changing hands, compared to an average of 30-day volume of 532,594 for Canna Consumer Goods Inc. Shares moved as high at $0.0049 and as low as $0.0043 in today’s action.

The share appreciation gives the company a market capitalization of $163,876 based upon 38.11 million shares outstanding.

In the past 52 weeks, shares of Canna Consumer Goods Inc have traded as low as $0.0012 and as high as $0.02. Technical traders will take note that at $0.0049, shares of CBMJ are trading below their 50-day moving average (MA) at $0.006 and below their 200-day MA at $0.007. 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 CBMJ?

Canna Consumer Goods Inc, through its wholly-owned subsidiary is engaged in providing branding and marketing solutions for cannabis companies on the West Coast states of Washington, Oregon & California for medical and/or recreational use. The company is working from its headquarters in West Palm Beach, FL.


For more information on CBMJ 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.

About PotNetwork.com

PotNetwork.com is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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