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Cannabis Stock Leader: Gala Global Inc (GLAG) Surges 5.41% in Early Trading on June 3

Gala Global Inc (GLAG) came out strong at the opening of trading on June 3, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 5.41%. After closing the previous session at $0.0037, shares of GLAG opened this morning at $0.004 and are currently trading at $0.0039. So far, about 275,000 shares have changed hands, compared to an average 30-day volume of 250,593 for Gala Global Inc. Shares moved as high at $0.004 and as low as $0.0038 in today’s early action.

The share appreciation gives the company a market capitalization of $506,612 based upon 136.92 million shares outstanding.

In the past 52 weeks, shares of Gala Global Inc have traded as low as $0.0037 and as high as $0.036. Technical traders will take note that at $0.0039, shares of GLAG are trading below their 50-day moving average (MA) at $0.01 and below their 200-day MA at below $0.015. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish.

Who is $GLAG?

Gala Global Inc develops cannabinoid based health & wellness products and medical grade compounds. It also licenses proprietary testing, genetics, labeling & packaging, tracking, production, & standardization methods for the medicinal herb industry.. The company is led by its CEO George Lefevre from its headquarters in Las Vegas, NV.


For more information on GLAG 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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