Anything Technologies Media Inc (OTCMKTS:EXMT) stock was up as much as 20% in early trading after announcing that its subsidiary company Sonoran Flower LLC managed to win the Arizona Dispensary License lottery for Greenlee County.
Market Action
EXMT jumped in early action hitting a high of.0099 but couldn’t hold on to the gains. The .01 area has proved to be tough resistance for EXMT having failed to break through in February, March, and April. As of 12:40 shares of EXMT were trading at .007 down 12% on the day. So far 147 million shares have traded hands 7 times its 30-day average daily volume.
It is a significant development and has been described as the biggest event in the history of Anything Technologies. It is easy to see why. By way of this license, Anything Technologies will be able to expand the scope of its operations considerably.
The company is not only going to be able to add a dispensary but also have indoor and offside growing options and also have the chance of installing an infused kitchen. At this point, Anything Technologies is aiming to get a second facility on the outskirts of Phoenix with the view of further raising its cultivation capabilities.
EXMT is going to have to get through the .01 area to continue its impressive run that started late last year. Put this one on your watchlist to see what happens.
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