Marijuana Stocks Update: Ok Canada, Your Move
FeaturedMarijuana Industry NewsUncategorized October 7, 2018 MJ Shareholders
We’ve been “Connecting the Dots” for about a month now and our newest “Connect The Dots” feature, Integrated Cannabis Company (ICNAF)(ICAN) continues its bull run. One of the most exciting things about the latest market moves ICNAF/ICAN has been making is that it has seen many technical breakouts form on the chart:
As you can see in the chart above, trading volume during this current bull run is far greater than the previous run in 2017, that saw ICNAF hit an All-Time High of $1.98. Furthermore, we’ve seen ICNAF/ICAN in the midst of 2 clear bullish breakout patterns where consolidation after an uptrend had resulted in another move higher.
- The first run saw ICNAF/ICAN hit highs of $0.83 before a one week consolidation period,
- The next leg saw ICNAF/ICAN jump to higher of $0.89 before pulling back, and; T
- This last move saw ICNAF/ICAN hit highs of $1.43 before its latest consolidation move.
With volume continuing at above average figures and knowing that the next seven trading days will be leading up to one of the most significant industry events in the history of publicly traded marijuana companies (Canada goes entirely legal October 17), momentum could be the name of the game, especially for Canadian cannabis stocks!
New Developments Fuel Momentum
Since publishing the Connect the Dots feature, the Company has announced several key developments that could be fueling this current move.
Integrated Cannabis Company, Inc. (ICNAF) Develops THC-Infused Spray Product
On September 13, Integrated Cannabis Company, Inc. announced the completion of a market-ready Tetrahydrocannabinol (THC)-infused spray product and the required licensure for manufacturing of the product in Colorado.
Integrated Cannabis Company, Inc. (OTC MARKETS: ICNAF) (CSE: ICAN.CN) Announces Positive Results From Clinical Study of X-SPRAYS
On October 4, Integrated Cannabis Company announced results of its clinical trials. The controlled 60 patient trials were completed with a renowned pain clinic in Southern California, and the results were highly favorable; resulting in an improvement in patients’ sleep patterns combined with the unexpected, but highly desirable, decrease in the level of pain. The study results have been published in the peer-reviewed journal: International Journal of Pharmacy and Life Sciences (Int. J. of Pharm. Life Sci., Vol. 9:5722-5729).
Integrated Cannabis Company, Inc. (ICNAF) Signs Co-Development and Marketing Agreement With a Canadian Licensed Producer, GTEC Holdings Ltd.
Integrated Cannabis Company, Inc. (ICAN.CN) (ICNAF) (“Integrated Cannabis“), is pleased to announce the completion of a Letter Agreement (the “Agreement”) to collaborate on X-SPRAYS™ products for the Canadian market with GTEC Holdings Ltd (“GTEC“) (TSXV: GTEC, OTCPK:GGTTF), a Canadian License Producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR).
Integrated Cannabis Company, Inc. (ICAN.CN) (ICNAF) Signs Distribution Agreement with Empower Clinics, Inc.
On September 20, Integrated Cannabis Company, Inc. announced the completion of a Letter of Intent (LOI) to distribute X-SPRAYS™ products throughout the clinics and doctors’ offices of Empower Clinics Inc. (CSE: EPW), a leading owner and operator of medical cannabis and wellness clinics in the United States. As of August 31, Empower has more than 25,000 patients under care across 15 locations with medical cannabis treatments in Oregon, Washington, and Illinois. The patient base in Oregon represents approximately one-third of the state’s total medical card issuance. Also, Empower has a historical patient database of more than 120,000 in the two states.
Closing Thoughts
The entire marijuana sector continues to gain attention as more and more companies are going public and major news outlets like CNBC, Bloomberg Forbes and even Entrepreneur add pot stock featured segments to their newsflow. With some marijuana companies now listing on major U.S. exchanges like the NASDAQ and NYSE, institutional players can finally start getting involved in the space.
Our newest Connect The Dots featured company, Integrated Cannabis Company (ICNAF)(ICAN) has maintained a steady uptrend for several weeks and as we approach the big day in Canada, we’ll continue to follow the progress that the company makes, closely.
Disclaimer: Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 6 months beginning September 4, 2018, and ending March 9, 2019. We own ZERO shares of Integrated Cannabis Company. We may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. We own zero shares.
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