Today, BrilliantPennyStocks.com initiated coverage on LGBI. On 24 June 2014, Lion Gold Brazil, Inc. (LGBID) had announced that it has changed its name to Cannabiz Mobile, Inc. and has effectuated a reverse stock split. The record date for both the name change and stock split was June 3, 2014. The stock split was8:1 (eight old shares for each new share).
The name change implies that LGBI has launched itself in the much hyped Marijuana sector. With regulations on Marijuana penny stock companies tightening it would be interesting to see how Cannabiz Mobile, Inc adds to the growing competition. With the name change in effect, LGBI is now a mobile media and marketing Company specializing in servicing businesses in the medical marijuana industry. LGBI closed today at 0.07. Based out of Cambridge, MA; LGBI markets a subscription based, in the cloud, mobile media solution that enables care givers, dispensaries, hydroponic, and ancillary product retailers to create, deploy, and analytically measure mobile marketing campaigns using various networks and devices.
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