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Cannabis Stock Laggard: Canna Consumer Goods Inc (CBMJ) Sheds 25.0% at Midday on June 3

Canna Consumer Goods Inc (CBMJ) had a tough morning trading session on June 3, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 25.0%. After closing the previous session at $0.002, shares of CBMJ opened this morning at 0.0015 and are trading at $0.0015 at the lunch break. So far, about 900 shares have changed hands, compared to an average 30-day volume of 33,927 for Canna Consumer Goods Inc. Shares moved as high at $0.0015 and as low as $0.0015 in AM trading action.

The share depreciation gives the company a market capitalization of $76,221 based upon 38.11 million shares outstanding.

In the past 52 weeks, shares of Canna Consumer Goods Inc have traded as low as $0.0011 and as high as $0.014. Technical traders will take note that at $0.0015, shares of CBMJ are trading below their 50-day moving average (MA) at $0.002 and below their 200-day MA at $0.003. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath them is typically regarded as bearish.

Who is CBMJ?

Canna Consumer Goods Inc, through its wholly-owned subsidiary is engaged in providing branding and marketing solutions for cannabis companies on the West Coast states of Washington, Oregon & California for medical and/or recreational use.. The company is led by its CEO Mark Schaftlein from its headquarters in West Palm Beach, FL.


For more information on CBMJ and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit PotNetwork.com today.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

About PotNetwork.com

PotNetwork.com is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure.

Disclaimer: PotNetwork.com, nor its parent company, Online Media Group, Inc., is not registered with any financial or securities regulatory authority and does not provide, nor claims to provide, investment advice or recommendations to readers of this release to buy, sell or hold any securities. Investing intrinsically involves substantial risk and readers are reminded to consult an investment professional and complete their own due diligence, including SEC filings, when researching any companies mentioned in this release. This release is based upon publicly available information and, while vetted, is not considered to be all-inclusive or guaranteed to be free from errors. PotNetwork.com publishes and distributes this informational purposes and has received no compensation from any company mentioned in this release. A complete disclaimer can be viewed at: www.potnetwork.com/legal-disclaimer.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.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, please go to: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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