This past Friday WOWI Inc. (OTCMKTS:WOWU) had seen its stock remain largely unmoved as it remained in a range. However, it should be noted that on Monday the company made a key announcement that may bring the stock into focus among investors.
Market Action
On Friday, WOWU stock ended flat at $0.15 with 50 shares, compared to its average volume of 17 shares. The stock moved within a range of $0.1500 – 0.1500 after opening trade at $0.15.
WOWI Inc. licenses branding and trademark to Commerce City, Colorado dispensary
The company announced yesterday that it had successfully licensed its very first dispensary at Quebec Street in Commerce City in the state of Colorado. The company’s Chief Executive Officer Anthony C Russo noted that after having done considerable work with regard to outdoor crop cultivation over the past couple of seasons, it was time for WORLD OF WEED to expand its brand meaningfully.
The dispensary had been bought by a partnership back in January this year and later on, in March, the members got ownership. Once that had been completed, WORLD OF WEED provided a temporary license immediately so that the store could be branded accordingly. The move is a big one for the company since it had had to pay as much as $600000 in order to complete the acquisition. It may now be a good idea for investors to consider keeping the stock on their watch lists.
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