Monday , September 25 2017
Breaking News
Home / Market Movers / Cannabis Stock Leader: Cabinet Grow Inc (OTO:CBNT) Gains 11.11% at Midday on June 27

Cannabis Stock Leader: Cabinet Grow Inc (OTO:CBNT) Gains 11.11% at Midday on June 27

Cabinet Grow Inc (OTO:CBNT) has a strong morning trading session on June 27, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 11.11%. After closing the previous session at $0.009, shares of $CBNT opened this morning at $0.01 and are trading at $0.01 at the lunch break. So far, about 19,000 shares have changed hands, compared to an average of 30-day volume of 3,976 for Cabinet Grow Inc. Shares moved as high at ${round high 4} and as low as $0.01 in AM trading action.

The share appreciation gives the company a market capitalization of $333,498 based upon 37.06 million shares outstanding.

In the past 52 weeks, shares of Cabinet Grow Inc have traded as low as $0.0086 and as high as $1.08. Technical traders will take note that at $0.01, shares of CBNT are trading below their 50-day moving average (MA) at $0.013 and below their 200-day MA at $0.136. 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 CBNT?

Cabinet Grow Inc is engaged in producing customized assembling cabinet based horticultural systems. The Company purchases cabinets as well as lights, filters and fans from third and assembles the parts into a finished horticulture cabinet for sale. The company is led by its CEO from its headquarters in West Palm Beach, FL.


For more information on CBNT 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 12:00PM 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. A complete disclaimer can be viewed here.

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

Check Also

Cannabis Stock Leader: Zoned Properties Inc (OTCQX:ZDPY) Advances 23.08% for July 28

Zoned Properties Inc (OTCQX:ZDPY) outpaced most other peers in the directory of the approximately 200 …