Santo Mining Corp. (OTC:$SANP), a company operating co-working spaces for cannabis entrepreneurs in the United States, warrants investors’ attention.
In October, the stock delivered outstanding returns to the market. The share price went from trading close to $0.0003 to hit $0.0017 in less than one month.
Even more remarkably, the number of shares that have changed hands increased drastically this month- at more than one billion. What does that tell us? The interest in the market is higher than ever.
Specifically, Santo runs a co-working space for cannabis entrepreneurs in the US, providing them with facilities to grow, market, and sell all cannabis-related products. Additionally, the company creates a “sustainable and community-driven workspace by providing an affordable, scalable, and safe business environment for tenants.”
On Oct. 2, Chongqing Yuhuan Technology Co. Ltd released an official statement detailing that the company had signed a Letter of Intent to merge the two groups. The companies will create an entity that would be called Canoe Pool America, focusing on “developing and expanding the U.S. operations for Canoe Pool’s bitcoin mining operations.”
This transaction is expected to be finalized within the next month and a half. If the merger is successfully completed aspected, the share price will further increase. That means interested investors need to stay on high alert.
Featured Image: depositphotos/sdecoret
