Cannabis Penny Stocks: Integrated Cannabis Company Shares Jump Up Today

Penny stocks

Cannabis penny stocks are hot on the stock market right now. Many investors wanting to get into the marijuana market are looking at cannabis penny stocks as a way for them to dabble in it.

In North America, interest in cannabis has skyrocketed this year. States have been examining integrating recreational and medicinal cannabis into their tax system. Many have made large strides towards making medicinal and recreational marijuana legal this last year.

In just under four weeks, Canada will also be legalizing recreational cannabis nationwide. This has caused many of the Canadian cannabis penny stocks to jump up in price, and demand for marijuana continues to rise.

Let's take a closer look at a cannabis penny stock that is making moves on the market today.

Integrated Cannabis Company, Inc. (CSE:ICAN)

Integrated Cannabis Company is based out of Vancouver, Canada and is known as iCannaCo. Integrated focuses on the development, marketing, manufacturing, and distribution of botanically-based consumable products.

Earlier this morning, the cannabis penny stock company made the announcement that it has completed a Letter of Intent (LOI) to distribute X-SPRAYS™ products throughout the doctors' offices of Empower Clinics Inc. (CSE:EPW). Empower is a leading owner and operator of medicinal cannabis and wellness clinics in the US.

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John Knapp, CEO of Integrated Cannabis, said in the official press release

"We believe this milestone marks another significant move for distribution of X-SPRAYS™ in key markets across the United States. In addition, we believe this alliance will help increase awareness from credible sources about alternative treatments for those struggling with opioid addiction, pain, anxiety, sleep issues and people seeking overall well-being."

Due to this announcement, ICAN jumped up on the market today.

ICAN Stock Movement

According to Yahoo Finance, ICAN is trading at $1.07 a share, up $0.09 (+9.18%). Empower Clinics stock rose even higher on the market today. At press time, EPW is trading at $0.22 a share, up $0.04 (+22.22%).

Check back in for more cannabis penny stock news.

Featured Image: Depositphotos/© Elnur_

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