Cannabis play CANA reports another record month of revenues

A stock we've been following closely - Medical Cannabis play CANA reports another record revenue month...They are among the fastest growing otc stocks we track @  sister site www.greenbackers.com.

General Cannabis Announces Record Monthly Revenue for WeedMaps Media and Successful Beta Testing Com

finance.yahoo.com

General Cannabis Announces Record Monthly Revenue for WeedMaps Media and Successful Beta Testing Completion for SafeAccessMD

 

 

WeedMaps Media, Inc. reported continued positive momentum, with its 21st consecutive month of revenue gains ..WeedMaps reported a more than threefold monthly revenue increase to $1,250,000 for the month of September 2011, compared to $365,177 for the month of September 2010.

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NBT detailed bullish analysis of the stock mid summer worth reviewing

 

http://www.nbtequitiesresearch.com/company/general-cannabis-canapk

 

General Cannabis ($CANA) is THE dominant marketing services organization for the medicial marijuana industry.
How dominant?
Dispensaries we have talked to recently report their revenues BEFORE engaging its subsidiary WeedMaps Media and otherGeneral Cannabis services at around $20,000 a month.
Ninety days AFTER they get on the full WeedMaps programs, however, they report revenues of about $45,000 a month … more than double!
When CANA is done with its S-1 filing and goes ahead with a $15 million PIPE round to fund a set of key acquisitions, its 15% monthly growth could very well turn into 20%-25% a month growth.

 

Earlier in the summer we submitted bullish comments here at examiner on the stock.

 

http://www.examiner.com/stock-market-in-denver/cannabis-proxy-cana-breakout-chtl-14-upbeat-interview-name-change-velatel

 

 

Recall this summer also Barney Frank introduced a bill to federally legalize cannabis.

 

 

More recent news:

 

 

General Cannabis Appoints Jerry Lotter as Director of Operations; Announces Record Monthly Revenue for WeedMaps MediaMarketwire(Thu, Sep 8)

WeedMaps Media Finalizes Licensing Agreement With SC Laboratories and Launches Cannabis TestingMarketwire(Thu, Sep 1)

WeedMaps Media Releases New Android App for AmazonMarketwire(Tue, Aug 30)

 

 

The stock may be flat currently, but we've seen gradual pickups following some of these monthly reports.

 

Last Trade:2.10Trade Time:9:42AM EDT

 

 

Technically, continue to monitor ongoing support @ 2.   History of pops back to/above 3 in 2011.   Target 2.50 in Oct / 3 before year end.