Greater Cannabis (NASDAQ:GCAN) Shares Up 169.3% – Still a Buy?

The Greater Cannabis Company, Inc. (NASDAQ:GCANGet Free Report) was up 169.3% during mid-day trading on Friday . The stock traded as high as $0.30 and last traded at $0.2610. Approximately 60,412 shares were traded during trading, an increase of 1,162% from the average daily volume of 4,786 shares. The stock had previously closed at $0.0969.

Greater Cannabis Price Performance

The company has a 50-day moving average of $0.09 and a 200 day moving average of $0.06.

Greater Cannabis Company Profile

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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.

Further Reading

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