United Cannabis Corp (CNAB) Insider Earnest Blackmon Sells 150,603 Shares

United Cannabis Corp (OTCMKTS:CNAB) insider Earnest Blackmon sold 150,603 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $1.51, for a total value of $227,410.53. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

United Cannabis Corp (OTCMKTS:CNAB) traded down $0.07 during midday trading on Thursday, reaching $1.43. The company had a trading volume of 205,407 shares, compared to its average volume of 900,223. The company has a market cap of $90.32, a price-to-earnings ratio of -11.92 and a beta of 43.35. United Cannabis Corp has a 1-year low of $0.54 and a 1-year high of $2.50.

United Cannabis (OTCMKTS:CNAB) last released its quarterly earnings results on Thursday, November 16th. The company reported ($0.01) EPS for the quarter. United Cannabis had a negative return on equity of 83.15% and a negative net margin of 636.77%.

Separately, ValuEngine upgraded United Cannabis from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.

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About United Cannabis

United Cannabis Corporation is engaged in medical spa management business. The Company focuses on providing products, services and intellectual property to the cannabis industry. It owns intellectual property relating to the legalized growth, production, manufacture, marketing, management, utilization and distribution of medical and recreational marijuana and marijuana infused products.

Insider Buying and Selling by Quarter for United Cannabis (OTCMKTS:CNAB)

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