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Freedom Leaf Inc (OTCMKTS:FRLF) Jumps Over 46%

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In the last trading session, the stock price of Freedom Leaf Inc (OTCMKTS:FRLF) jumped more than 46% to close the day at $0.439. The gains came at a share volume of 7.87 million compared to average share volume of 2.86 million. Post the recent decline, the market cap of firm was noted at $57.27 million.

The buzz

As per a report from the Brightfield, the global cannabis market continues to be buzzing as increased consumer interest and deregulation are set to drive the market over $30 billion by 2021. With the market close to $7.7 billion towards the close of 2017, this would be a CAGR of 60% each year. Many Canadian cannabis firms are striking global deals, exporting their offerings to markets in South America and Europe.

Canada is directing the way however markets are beginning to open in Latin America, Europe and beyond. They are expanding even faster as compared to the U.S. Active Cannabis firms include MYM NUTRACEUTICALS (OTCMKTS:MYMMF), Freedom Leaf, AURORA CANNABIS IN (OTCMKTS:ACBFF), to name a few.

In response to news out of the U.S. Department of Justice pertaining federal cannabis regulations in the United States, MYM intends to reinforce its commitment to conducting and expanding business only in jurisdictions where that process is federally legal and in full compliance with all relevant laws in place.

The company does not have any operations in the U.S. and will not operate in that country unless vital changes to the federal laws pertaining cannabis are made. This view is to protect the firm and its shareholders. As it is known, MYM Nutraceuticals is a global entity, with operations in Canada, Australia and most recently expanding operations in Colombia. Management is delighted with overall progress on each of their international businesses and the prospects they offer to market and end users.

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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