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.
About BrilliantPennyStocks
BSP provides sponsored and non-sponsored small cap and micro cap stock research reports, articles, daily stock market blogs, and popular investment newsletters. BPS provides alerts to investors and traders on stocks that could potentially breakout. To obtain text message stock alerts service, text the word Avauncer to 95577 from your cell phone. Additionally, BPS provides market insight, tips, and trading strategies on NYSE, NASDAQ, OTCBB and PINK stocks.
Disclosure: BrilliantPennyStocks is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Always seek help from a professional financial advisor (I am not one). Please visit http://brilliantpennystocks.com/disclaimer/ for complete risks and disclosures.