General Cannabis Corp. (OTCQB: CANN) is engaged as a licensed cannabis grower, producer, and consultant. Shares of the cannabis company are climbing 22.09%, through afternoon trading on Friday, June 16, 2017. Over the past month, General Cannabis Corp. has seen average daily volume of 127,119 shares. However, volume of 635,563 shares or dollar volume of $1.37 million, has already exchanged hands on Friday.
Shares of General Cannabis Corp. are rallying on Friday, after the company filed an 8-K detailing of Regulation FD disclosure. The filing is in regards to the company’s recently announced acquisition of GC Finance, LLC. Here is part of the company’s 8-K filing, detailing of the disclosure:
General Cannabis Corp. 8-K Filing:
Item 7.01 Regulation FD Disclosure.
On June 9, 2017, the Company issued a press release announcing its acquisition of GC Finance, LLC. A copy of the press release is furnished hereto as Exhibit 99.1.
The information contained in this Item 7.01 of the Company’s Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The furnishing of the information in this Current Report on Form 8-K is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the information contained in this Current Report on Form 8-K constitutes material investor information that is not otherwise publicly available.
The Securities and Exchange Commission encourages registrants to disclose forward-looking information so that investors can better understand the future prospects of a registrant and make informed investment decisions. This Current Report on Form 8-K and exhibits may contain these types of statements, which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and which involve risks, uncertainties and reflect the Registrant’s judgment as of the date of this Current Report on Form 8-K. Forward-looking statements may relate to, among other things, operating results and are indicated by words or phrases such as “expects,” “should,” “will,” and similar words or phrases. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this Current Report on Form 8-K. Investors are cautioned not to rely unduly on forward-looking statements when evaluating the information presented within.
Here is the link to the full 8-K filing: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12127275