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Leaders in the CBD space have seen revenues increase each year, with top brands averaging over per year. With nearly generated, the Company's sales exceeded September's revenues by 42%.A few prominent companies in the headlines this week include: Pot Network Holding Inc. "It's exciting that our sales continue to strengthen.Proposal Three seeks approval of the grant of 1,900,000 shares of common stock to be granted from time to time to the Company's current and new employees, advisors, directors, and consultants by the board of directors, pursuant to certain metrics including performance, vesting and incentive as set by the board of directors and or the CEO; and Proposal Four seeks approval of the issuance of up to 2,000,000 shares of the Company's common stock to Bricoleur Partners, L. The voting on these two proposals was adjourned to to allow the Company's stockholders additional time to vote.
m Cig, Inc., a diversified company servicing the legal cannabis markets, recently announced it has entered into an agreement between OBITX, Inc., formerly known as Gige Tech, Inc., a wholly owned subsidiary of MCIG and Flame Networks to implement the proprietary e Hesive Advertising Network with an Exclusive territory as an EU partner.
Flame Networks is a hosting company founded in 2005 designed for high quality, cost-effective global hosting solutions, servicing over 20,000 professional accounts comprising of multiple companies, web agencies and conglomerates / client websites and traffic, hosted from the company's multiple data centers and a multi-layered network with capability over 700Gbps bandwidth. (NYSE: IGC) closed up 12.24% on Monday at with over 1.2 million shares traded by the market close and was also up over 8% in after hours trading as well.
The company recently announced the voting for Proposals Three and Four from its Notice of Annual Meeting of Shareholders, dated .
In other industry developments and market performances of note: Cannabis Science Inc.
(OTC: CBIS) closed Monday up over 14% with over 31 million shares traded throughout the day.