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General Cannabis Corp (OTCMKTS:CANN) Intends To Explore New Markets

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General Cannabis Corp

Michael Feinsod, who is the Executive Chairman of General Cannabis Corp (OTCMKTS:CANN), posted that he has been thrilled about the Next Big Crop’s capacity to expand in new markets. The firm is also anticipating its security and marketing segments to follow the same approach.

The buzz

Feinsod of General Cannabis posted that in Q1 2017, they made few changes in their corporate management. The firm recruited new members who have notable corporate accounting experience and hired external consultants who boasts conventional sales experience. As it is seen, the recent changes are initiating to take hold and positions firm to expand its leadership role via nationwide expansion. Also, the firm is all set to expand its operations into new markets. It continues to exhibit that they own one of the top platforms in the market.

In 2Q 2017, General Cannabis anticipates security segment to record steady performance, with increased growth to come in once the firm launches businesses in California. Marketing unit is expected to post notable growth as against Q1 2017 levels. Operations unit is projected to post another record quarter, boosted by a pipeline of Next Big Crop service contracts and linked revenue.

General Cannabis projects to make increased number of acquisitions this year. As of now, the team is evaluating prospects in all units of regulated cannabis. Usual market trend towards state governed pot is buzzing. The operations continue to witness significant demand and are launching operations into more states this year.

The firm is coordinating with customers in Nevada, Pennsylvania, Arizona, California, Arkansas and Maryland, as they retort to revised voter mandates. Next Big enjoys the skills as well as experience to support shareholders and operators as they gain from controlled cannabis application in as many as 29 states.

In the last trading session, the shares price of General Cannabis declined more than 8% to close the week at $1.87.


 

 

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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