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Cannasys Inc (OTCMKTS:MJTK) Shows No Direction

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In the last trading session, the stock price of Cannasys Inc (OTCMKTS:MJTK) closed absolutely flat at $0.00070. The stock has been stuck in a narrow range with no clear direction visible. More recently, the company started sending its information statement following Section 14(c) of the SEC of 1934 to its shareholders.

The details

Cannasys has kept the support of its shareholders and remains on track to achieve key goals, including, most remarkably, the launch of the full Citizen Toke platform in Colorado. Ben Tyson, the CEO and Director, expressed that advancing the platform for market launch in time for the holiday season comes as a top priority for them, and they have allocated internal resources consequently to achieve this goal. They have listed key opportunities depending on the feedback of their beta partners that have needed additional development for the Citizen Toke platform.

Patrick Burke, the CEO of Cannasys, expressed that they are extremely thrilled to be moving out of their beta stage into a completely functional alpha version of the platform. They consider that they have successfully validated the scalability and viability of this product for the cannabis market as an equal opportunity means for brands and retailers to reach prospective new clients through one of the most engaging digital channels across the globe. This channel is none other than SMS.

Moving forward, chosen associates from the beta test will be provided full access to the Citizen Toke platform. In addition, Cannasys will be bringing new associates to the platform. The company will be working to advance associations with marketing retailers and partners in other states to expand the respective platform outside of Colorado. Tyson added that they are currently assessing their alternatives for expansion into additional states based on the growth stage for the cannabis industry. The Citizen Toke platform is expected to be the most appreciated in the competitive markets that advance after a longer established industry.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.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

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