Cannabis Science Inc (OTCMKTS:CBIS) has issued a growth guidance and update on its future plans. It should be noted here that the update has been issued, after carefully analyzing market and industry trends, the changes in legislations. As such, CBIS has stated that it expects to observe high-growth potential, quicker drug releases and several new laboratory compounds.
With the state of California all set to vote on relaxed laws for access to medical marijuana and the legislators pushing the DEA to legalize the drug, CBIS expects that this would be a breakout year. The company has stated that even if the company is able to capture just 1% of the emerging market, per year, it could change the face of the company and bring in revenues. As such, Cannabis Science has relocated its HQ to Irvine, California, so as to be close to distributors, partners and suppliers.
It should be noted here that CBIS has a total of 5 critical drugs, in the pre-clinical trials phase. The company plans to extensively develop these drugs and rapidly capture the market. Furthermore, the company had recently signed its first property deal, with Native American tribes, in Fort McDermitt. The newly acquired 40-acres of land, in partnership with RCDU, would be used to develop a legal education and drug research facility. The company plans to offer several jobs to tribal members, at the facility.
Cannabis Science is not only making progress in the US, but in fact, the company’s European subsidiary, Cannabis Science Europe GmbH, recently launched the very first cannabis-based, instant drink mix. The challenge in developing CannaPOW, the drink mix, was to prevent cannabis seeds from being oxidized. The product has already been launched in Germany and negotiations are underway with distributors, to launch the product in North America. The CEO of CBIS, Raymond C. Dabney, expressed his delight at the 1H2016 and claimed that the 2H2016 would be even better.
Cannabis Science Inc (OTCMKTS:CBIS) fluctuated during the July 28 trading session, reaching as high as $0.014 per share, on a trade volume of 7.24 million. The stock moved up by 0.74%, at the closing bell, compared to the day before.
Iddriven Inc (OTCMKTS:IDDR) Fluctuating Despite Promising Letter From CEO
Iddriven Inc (OTCMKTS:IDDR) has been fluctuating in the stock market, over the last 5 trading session, despite a promising shareholder update, through a letter from CEO Arend Verweij. The company stated that it plans to start high volume global sales, of its Identity Access Management solution, during the current quarter. The CEO also wrote that a number of investors have expressed a desire to invest in the company, for the long-term. This has attracted several sophisticated queries, about the company’s business model. The CEO’s letter explains the business model and the product in detail. Furthermore, Mr. Verweij also explained that Iddriven would be engaging with channel partners, to serve as resellers of the product. This would reduce the cost of hiring an experienced marketing team and training them.