Michael Feinsod, the Executive Chairman of General Cannabis Corp (OTCMKTS:CANN), reported that he has been excited on the Next Big Crop’s ability to gain in new markets. The company is also expecting its security and marketing units to follow the same trend.
Feinsod of General Cannabis reported that in Q1 2017, they made certain changes in their corporate team. The company hired new team members that have significant corporate accounting experience and hiring external consultants that have conventional sales experience. As it is evident, the recent changes are beginning to take hold and positions company to grow its leadership position via nationwide expansion. Also, the company is all prepared to expand its businesses into new markets. The firm continues to demonstrate that they have one of the best platforms in the market.
For 2Q 2017, General Cannabis expects security division to show steady performance, with more growth to come in once the company starts operations in California. Marketing unit should record significant growth as against first quarter levels. Operations unit should register another record quarter, boosted by a remarkable pipeline of Next Big Crop service agreements and associated revenue.
General Cannabis expects to make more acquisitions this year. The team is currently evaluating prospects in all divisions of regulated cannabis. General market trend towards state controlled pot is accelerating. The operations continue to see significant demand and are introducing operations into additional states this year.
The company is coordinating with clients in Arkansas, Maryland, Nevada, Pennsylvania, Arizona and California, as they respond to updated voter mandates. Next Big Crop enjoys the skills and experience to support operators and investors as they take gain from controlled cannabis use into 29 states.
In the last trading session, the stock price of General Cannabis gained 0.49% to close