Our latest Connect the Dots feature ICNAF/ICAN continues its bull run hitting a new 2018 high in the U.S. of $1.40, marking an outstanding 137% gain since the article was published. The Connect the Dots article was published on September 12, 2018, while ICNAF was trading at just $0.59. And now, with this recent move, the stock is just 42% away from its All-Time High of $1.98.
The last bull run ICNAF experienced was back in October/November 2017, when it gained 395% from $0.40 to $1.98. Momentum and trading action during this bull run seems very similar to the last with one distinct difference, trading volume.
As you can see in the chart above, trading volume during this current bull run is far greater than the previous run in 2017, that saw ICNAF hit an All-Time High of $1.98.
Since publishing the Connect the Dots feature, the Company has announced several key developments that could be fueling this current move.
Integrated Cannabis Company, Inc. (ICNAF) Signs Co-Development and Marketing Agreement With a Canadian Licensed Producer, GTEC Holdings Ltd.
Integrated Cannabis Company, Inc. (ICAN.CN) (ICNAF) (“Integrated Cannabis“), is pleased to announce the completion of a Letter Agreement (the “Agreement”) to collaborate on X-SPRAYS™ products for the Canadian market with GTEC Holdings Ltd (“GTEC“) (TSXV: GTEC, OTCPK:GGTTF), a Canadian License Producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR).
Integrated Cannabis Company, Inc. (ICAN.CN) (ICNAF) Signs Distribution Agreement with Empower Clinics, Inc.
On September 20, Integrated Cannabis Company, Inc. announced the completion of a Letter of Intent (LOI) to distribute X-SPRAYS™ products throughout the clinics and doctors’ offices of Empower Clinics Inc. (CSE: EPW), a leading owner and operator of medical cannabis and wellness clinics in the United States.
As of August 31, Empower has more than 25,000 patients under care across 15 locations with medical cannabis treatments in Oregon, Washington, and Illinois. The patient base in Oregon represents approximately one-third of the state’s total medical card issuance. Also, Empower has a historical patient database of more than 120,000 in the two states.
On September 13, Integrated Cannabis Company, Inc. announced the completion of a market-ready Tetrahydrocannabinol (THC)-infused spray product and the required licensure for manufacturing of the product in Colorado.
The entire marijuana sector continues to gain attention as more and more companies are going public and major news outlets like CNBC and Bloomberg add pot stock feature segments to their daily shows. And with some marijuana companies now listing on major U.S. exchanges like the NASDAQ and NYSE, institutional players can finally start getting involved in the space.
Momentum in the overall marijuana market can be seen in Horizons Medical Marijuana Life Science ETF as it sits just below its All-Time High.
Disclaimer: Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Integrated Cannabis Company, Midam is being paid $25,000 per month for a period of 6 months beginning September 4, 2018, and ending March 9, 2019. We own ZERO shares of Integrated Cannabis Company. We may buy or sell additional shares of (ICNAF)/(ICAN) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Integrated Cannabis Company. MarijuanaStocks.com, which is owned by MAPH Enterprises LLC., a Florida Corporation has been previously compensated $100,000 by a non-affiliate 3rd party for a 1 year period beginning August 1, 2017 and ending August 1, 2018 to publicly disseminate information about CNRP Mining, Inc. (CND.CN) (CRPGF) that is now Integrated Cannabis Company. We own zero shares.
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