Shares of The Greater Cannabis Company, Inc. (NASDAQ:GCAN – Get Free Report) shot up 100.9% during mid-day trading on Tuesday . The company traded as high as $0.6717 and last traded at $0.39. 73,293 shares were traded during mid-day trading, an increase of 768% from the average daily volume of 8,445 shares. The stock had previously closed at $0.1941.
Greater Cannabis Stock Performance
The company has a 50 day moving average of $0.18 and a 200-day moving average of $0.17.
Greater Cannabis Company Profile
Greater Cannabis Acquisition Company (NASDAQ: GCAN) is a special-purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses in the cannabis industry. Since its initial public offering, the company has focused on leveraging capital markets expertise to pursue opportunities across the rapidly evolving legal cannabis sector, with an emphasis on consumer brands, cultivation operations and ancillary services.
Although Greater Cannabis Acquisition Company has not yet announced a definitive merger or acquisition target, its stated investment strategy encompasses a broad range of cannabis-related activities.
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