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Will DOJA CANNABIS COMP (OTCMKTS:DJACF) Extend Yearly Gains?

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The stock of DOJA CANNABIS COMP (OTCMKTS:DJACF) has posted gains of more than 90% so far in this year. More recently, NetworkNewsWire posted an editorial showcasing company. The publication was focused on the theme of Canada considered as safe haven for cannabis shareholders as U.S. AG starts strike against industry. It talks about changes in cannabis regulations that, while leading in uncertainty in the U.S., are increasing opportunity and interest in Canadian firms.

The buzz

Last month, DOJA Cannabis announced that it had finalized a binding Letter of Intent to buy Tokyo Smoke, a leading Canadian café firm dubbed the Starbucks of Cannabis. As per the terms of the deal, the company will buy all of the issued and due shares of Tokyo Smoke, developing an emerging enterprise with the proposed title, Hiku Brands Company Ltd.

DOJA Cannabis also looks after a cannabis production facility based in British Columbia’s Okanagan Valley. It is now advancing a new production plant, FUTURE LAB, to be based in Kelowna, which will support production in surplus of 5,000 kg a year. DOJA Cannabis also runs the Culture Café, based on Kelowna’s busiest street. It works as a cannabis information hub that generates brand awareness. In a world that is now witnessing the growth of legal cannabis market, there is certainly a requirement of a center that can create awareness on positive benefits of cannabis. The company is taking planned initiatives towards generating that kind of awareness among consumers.

Late last year, DOJA Cannabis reported that its wholly owned subsidiary firm, Northern Lights Marijuana Company, which is an approved cannabis producer under the ACMPR, had successfully completed its preliminary cannabis harvests and had asked for a Pre-Sales License Review from Health Canada. As it is known, the Pre-Sales License Inspection marks as the last step before the issuance of a Sales Permit under the ACMPR.

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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