CANNA CONSUMER GOO COM NPV (OTCMKTS:CBMJ) is a recently sub-penny micro-cap player in the media and content wing of the cannabis patch — a sharply growing space. The company just announced that “Canna Funding Solutions” (who provides advertising and marketing funding for companies in the cannabis sector) has purchased $100,000.00 in media placements with CBMJ. According to the release, the mainstream media will be used to promote companies that Canna Funding Solutions seeks to invest in during the MJAC2017 Investorshub International Cannabis Conference powered by Canna Broadcast Media in Los Angeles Sept. 1st-2nd 2017. The announcement spurred a major, high volume rally in shares of CBMJ.
Marc Hatch CEO of Canna Funding Solution said: “We have chosen Canna Broadcast Media as our core cannabis media supplier based on their exclusive ability to place awareness of Cannabis industry companies on mainstream media just as they are doing for the Investorshub MJAC2017 Cannabis Investors Conference through their partnership with Investorshub. There simply is currently no other company that has been able to consistently demonstrate an ability to get awareness for cannabis companies in mainstream media. We are pleased to have contracted with CBMJ to gain a distinct advantage over other investors by being able to offer this access to companies that we seek to invest in.”
CANNA CONSUMER GOO COM NPV (OTCMKTS:CBMJ) bills itself as a company established in 2014 that provides intellectual property, branding, consulting and facilities management solutions to licensed processors of cannabis infused goods.
The corporation’s wholly-owned subsidiary is Loudmouth Media, Inc. which has developed a syndicated radio show and news blast called Loudmouth News.
According to company materials, “(CBMJ) dba Canna Broadcast Media specializes in getting mainstream media cleared promoting the cannabis sector including network TV, radio, and digital ads targeting those who wish to take advantage of the incredible investment opportunities that exist in the cannabis sector. Canna Broadcast Media acquired “LoudMouth News” https://www.loudmouthnews.com/ which became the first and longest running syndicated terrestrial radio news program that focused on the news relating to the marijuana industry. LoudMouth News presents the news and commentary in an entertaining neutral manner highlighting the most impactful current news in politics, products, sociological issues, businesses, and the ever-changing perceptions of marijuana usage.”
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As discussed above, the company just announced that it essentially just picked up a major order in the form of Canna Funding Solutions’ request for targeted media placements for its investment prospects in the cannabis patch. The announcement had an immediate and major impact on the stock, driving shares higher by well over 100% on the day. The move represents the highest share volume day on record for CBMJ, as well as a breakout above recent range support, the major moving averages, and the stock’s trendline to the downside over the past several months.
Mark Schaftlein CBMJ CEO stated: “Canna Broadcast Media is extremely selective in whom we allow access to our mainstream media portals. Canna Funding Solutions has exceeded the criteria of companies that we have considered allowing access to our media. We are proud to be able to be able to help them expand their high-quality investments by allowing them to utilize mainstream media to promote them.”
We’ve witnessed in excess of 190% piled on for shareholders of the listing during the trailing week, a rally that has pushed up against longer standing distributive pressure in the stock. The situation may be worth watching. CBMJ has a history of dramatic rallies. Furthermore, the name has seen interest climb, with an increase in recent trading volume of just shy of 440% beyond what we have been seeing over the larger time frame.
Earning a current market cap value of $237K, CBMJ has virtually no reported cash on the books, which stands against about $419K in total current liabilities. The company is pre-revenue at this point. We will update the story again soon as developments transpire. Sign up for continuing coverage on shares of $CBMJ stock, as well as our other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $CBMJ, either long or short, and we have not been compensated for this article.