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General Cannabis Corp (OTCMKTS:CANN) Focus Remains On New Markets

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General Cannabis Corp

Michael Feinsod, the Executive Chairman of General Cannabis Corp (OTCMKTS:CANN), reported that he has been excited on the Next Big Crop’s ability to gain in new markets. The company is also expecting its security and marketing units to follow the same trend.

The details

Feinsod of General Cannabis reported that in Q1 2017, they made certain changes in their corporate team. The company hired new team members that have significant corporate accounting experience and hiring external consultants that have conventional sales experience. As it is evident, the recent changes are beginning to take hold and positions company to grow its leadership position via nationwide expansion. Also, the company is all prepared to expand its businesses into new markets. The firm continues to demonstrate that they have one of the best platforms in the market.

For 2Q 2017, General Cannabis expects security division to show steady performance, with more growth to come in once the company starts operations in California. Marketing unit should record significant growth as against first quarter levels. Operations unit should register another record quarter, boosted by a remarkable pipeline of Next Big Crop service agreements and associated revenue.

General Cannabis expects to make more acquisitions this year. The team is currently evaluating prospects in all divisions of regulated cannabis. General market trend towards state controlled pot is accelerating. The operations continue to see significant demand and are introducing operations into additional states this year.

The company is coordinating with clients in Arkansas, Maryland, Nevada, Pennsylvania, Arizona and California, as they respond to updated voter mandates. Next Big Crop enjoys the skills and experience to support operators and investors as they take gain from controlled cannabis use into 29 states.

In the last trading session, the stock price of General Cannabis gained 0.49% to close the week at $1.83. The gains came at a share volume of 93,776 compared to average share volume of 156,017.


 

 

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