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General Cannabis Corp (OTCMKTS:CANN) Announces GCER o Update Investors on Cannabis Companies



General Cannabis Corp

General Cannabis Corp (OTCMKTS:CANN) has announced the launch of its public market research service division. The new division would be called General Cannabis Equity Research. The CEO of CANN, Robert Frichtel, labeled the development of the division as the first step, in the development of a research division, which makes use of the company’s position to gain market insight. He was of the opinion that the GCER would be invaluable in making investment decisions. The CEO also clarified that the shear breadth of the company’s corporate presence would be enough to provide GCER, with unique and valuable insight.

The executive chairman of General Cannabis, Michael Feinsod, stressed on the absence of an equity research firm in the cannabis sector. He claimed that while there were several publicly traded companies in this space, there are no reliable sources for information on them. The chairman was of the opinion that this void tends to limit public access to the industry and also limits the financing options for them. He confirmed that the division would be official launched by July 1 and the company was currently hiring experts for the division.

The chairman also revealed that the division would focus on intrinsic value and quality of management at the companies for their reports. He further claimed that company positions would be evaluated based on market dynamics and scenario. The first report will be issued in Jul 2016 and would only focus on companies that are current with their filings and have reported their quarter up to March 31 2016. The chairman also referred to the legalization of cannabis and stated that it was an exciting time for investors to get involved in the industry. It should be noted here that CANN is an all in one resource for regulated cannabis service providers. It manufactures and markets the highest quality of cannabis to consumers.

General Cannabis Corp (OTCMKTS:CANN) gained 13.30% in terms of share value, during the April 14 trading session, to close at a share price of $1.27.

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