On Mar. 17, The CannaBusiness Group Inc.’s (OTCPINK: CBGI) stock volume and share value continued to climb for the second day in a row, with 46,800,846 shares changing hands, more than nine times its three-month average volume of 5,025,360 shares.
CBGI’s share price closed at 36 cents on Mar. 17, up 15 cents, or 73%, from its share price of 21 cents the previous day.
The continued surge in volume and share value comes on the heels of an announcement that the Mission Viejo-based leasing company acquired 17.3 acres located in Northern California with its own water source which is being leased to a licensed medical-marijuana tenant.
The property is being purchased for $275,000 with restricted common stock and cash.
The CannaBusiness Group’s CEO Michael Cummings commented, “This purchase represents the type of transaction that The CannaBusiness Group, Inc. aspires to accomplish. The property is located in Butte County, California. And we believe a purchase like this meets our financial criteria and gives us a great asset base to build off as we continue to execute our strategy of acquiring land or commercial properties.”
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eLayaway Inc. Share Volume Continues to Soar
eLayaway Inc. (OTCQB: ELAY) share volume continued to skyrocket Mar. 17, with 1,107,501,052 shares changing hands, nearly eight times its three-month average volume of 140,271,605 shares.
There’s no breaking news about the Tallahassee, Fla.-based online payment processor, nor any new press releases from the company to account for continued share surge. However, some industry experts speculate that the company’s online layaway payment program is an idea that fits today’s slowly recovering economy: more people are steering away from credit purchases and are seeking a way to pay for them in cash or through a lay away program.
The company’s last press release was Jan. 23 in which it announced t that CSPEX, it strategic business partner, was expanding its eLayawayMall.com traffic with strategic placements of its flagship product.
eLayaway Mall Goes Live
In February 2014 its eLayawayMall went live as a partner store on GovernmentShopping.com, the online destination for Department of Homeland Security employees and other agencies for government discounts and value-added services. CSPEX also provides IT and application hosting services for eLayawayMall.com.
“The partnership with CSPEX not only expands our market, they also provide the resources and infrastructure needed to serve such a large market," said eLayaway’s CEO Sergio Pinon. "We will continue to execute on our current business plan towards expanding market reach and reaching profitability,” he added.
On Mar. 17, ELAY’s share price closed at 0.0016 cents, down 0.0002 cents, from its close of 0.0014 cents the previous day.
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3DIcon Corp. Announces Plan to Restore Shareholder Confidence
3DIcon Corp. (OTCQB: TDCP) share volume also skyrocketed Mar. 17, with 26,987,885 shares changing hands, nearly seven times its three-month average volume of 3,935,315.
The tremendous uptick in volume is being fueled in part by a Mar. 17 announcement made by the Tulsa, Okla.-based imaging company outlining steps 3DIcon says it is taking to move forward to restore confidence and enhance shareholder value. They include staffing realignment, paying off debt and focusing on government funding.
On Mar. 17, TDCP’s share price closed at 2 cents, down 1 cent from its close of 3 cents the previous day.
Find out what could be the best investor’s move when it comes to TDCP by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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