Cannabis Sativa Inc. (OTC:CBDS) Stock Surges After Strategic Rebranding to Dogecoin Cash, Inc.
On Monday, a number of stocks had come into focus among investors in a big way following strong gains, and one of those was the Cannabis Sativa Inc. (OTC:CBDS) stock. Following a key announcement yesterday, the cannabis industry pioneer saw its stock rally by 14% amidst heavy interest.
Rebrand
The company announced that, as part of a strategic move, it rebranded to Dogecoin Cash Inc. The rebranding went into effect on November 13, 2024. In the news release, the company announced that the rebranding had been affected in order to reflect its expansion into the fast-growing crypto and blockchain technologies spaces. However, the company also stated that it was going to continue to be committed to the cannabis industry through the existing operations.
Strong Legacy
In the news release, Cannabis Sativa also pointed out that it enjoyed a strong legacy in the cannabis industry and had been one of the earliest entities to have held a cannabis strain-related patent. In its new avatar as Dogecoin Cash, the company would add digital currency-related solutions to its operations and would look into new avenues through which it could grow even more value for its shareholders. It could be a good time to add the stock to your watch lists.
Key Quote
“We are thrilled to embark on this exciting new chapter as Dogecoin Cash, Inc. while continuing to honor the legacy weve built in the cannabis industry,” said the company spokesperson. “This dual focus on cannabis innovation and blockchain technology positions us to lead in two dynamic markets, delivering long-term value for our shareholders.”
