Cannabis Science Inc (OTCMKTS:CBIS) is a watchful stock for the traders with so much happening around it these past few months. Company’s recent action speaks louder than words and it has been steady, attractive and all the more, in line with the theme of clinical trials for cannabis based treatments.
Collaborative research agreement speaks of company’s theme
The core theme that this company revolves around is the top notch clinical research and trials surrounding medical cannabis. So, the latest Dana Farber/Harvard Cancer Center (DF/HCC) based research agreement means that the company is ready for kick starting cannabinoid medicines research, development and exploration.
The company has framed itself as the one that commercializes and produces phyto cannabinoid-based products in the States.
The medical cannabis education system of the company
What is more interesting is that, apart from the R&D for cannabis based products, Cannabis Science Inc also offers educational courses, like bud tending, horticulture, medical marijuana, cannabis law and so much more. The online courses for medical cannabis education system are another thing as well.
The company has also entered the Californian market with its medical cannabis products through the licensed agreement with Apothecary Genetics Investments LLC.
The struggle and the future prospects
The problem with this company is its smaller stock trading float. Cannabis Science Inc comes to the market with just 24 million shares and the traders almost always fear the supply-shock freeze with a tight stock trading float.
Apart from that, there are other problems, such as growing debt, an awful balance sheet and falling sales. But, we can put all this in past, as long as, the company is showing promises for the future. Right now, the company is doing well on charts and that’s what we hope lies in the future for traders. There is a hope like a flickering light at the end of tunnel, which makes up for everything.
Source: MMJ Reporter
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