We’re looking at two cannabis penny stocks that have both made big moves in the last month. One, in particular, is currently up 20% today.
Let’s take a look!
Cannabis Penny Stocks: Two to Watch
The first of our two cannabis penny stocks is Canada’s Integrated Cannabis Company (CSE:ICAN). ICAN stock opened at $0.97 but has grown to $1.12, today alone. So what’s causing the stock to climb?
Today Integrated Cannabis announced it completed a Letter Agreement to collaborate with GTEC Holdings Ltd (TSXV:GTEC) on X-SPRAYS products.
The pair will combine their science, marketing, and distribution teams to develop and bring new products to the Canadian marketplace in time for recreational legalization.
But this news just adds to the positivity this month for cannabis penny stocks.
Earlier, Integrated Cannabis signed a distribution agreement with Empower Clinics Inc. Empower has medical cannabis treatments across Oregon, Washington, and Illinois where it services over 25,000 patients.
If we look at this week alone, ICAN stock has gained almost 50% since its opening on Monday. Investors are keen on this cannabis penny stock company, and it’s easy to see why.
Cannabis Penny Stocks: MariMed Inc.
Our second cannabis penny stock company today is MariMed Inc (OTCQB:MRMD). This stock is in the red today, but we can overlook that when considering how much the stock has grown since the beginning of the week.
In fact, this month alone has seen this cannabis penny stock company grow over 30%.
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This week saw MariMed announce that it has begun investing in Sprout, a marketing software company for marijuana dispensaries and cannabis brands. Previously MariMed announced a Letter of Intention for investment Cannabis Venture Partners, the parent company of Sprout.
”The cannabis industry needs a comprehensive software solution which integrates a full-featured CRM engine and platform for marketing, education, and analysis for brands, dispensaries, educators, and researchers,” said MariMed CEO Robert Fireman.
Check back in for more cannabis penny stocks.
Featured Image: Depositphotos/© javiergil
