Cannabis Kinetics Analyst Coverage Initiated: Green-Light of State's Legalization by BrokerBank Securities, Inc.

NEW YORK, Oct. 23, 2014 /PRNewswire/ -- Cannabis Kinetics Corporation (OTCQB: CANK) is a fully integrated cannabis management company with an office location in the Westminster suburb of Denver, Colorado.  Founded and managed by experienced marijuana industry professionals, the Company has targeted various opportunities in the Colorado marijuana marketplace with a focus on the management of recreational and medical marijuana retail dispensaries, the management of licensed marijuana cultivation facilities, production and distribution of hemp and marijuana infused food & beverage and ancillary products. Additionally, the Company will provide management of retail and wholesale operations for grow stores and intends to pursue additional business opportunities within manufacturing, equipment leasing, real estate, product licensing and distribution, and other strategic acquisitions.  With launch of the state's legalized cannabis industry in Jan 1^st, Cannabis Kinetics anticipates expanding this business model into other select marijuana friendly states.  

A few hours after Friday's closing bell, Cannabis Kinetics Corp. announced that they have reached a definitive agreement for the acquisition of The Big Tomato – a store, warehouse, and distribution facility in Denver, Colorado. According to the press release, the deal will bring an "immediate revenue stream" of around $200 thousand per month. The market react was quite exciting on Monday's session. The ticker opened the day with a rather huge gap up at $1.42 per share. It managed to run to an intraday high of $1.46, but it then faltered and slipped back down, closing the day at $1.37 per share (5.4% in the green). It's fair to say that, in light of Friday's news, the performance was not really all that impressive, but we should note that the dollar volume of $312 thousand is a record for CANK. 

Researches show a real, solid, operating business and straightforward upward potential for CANK. Unlike so many other plays in this industry, it has real revenues to the tune of 2.4M annually and estimates are pegging combined revenues at 7.4M - 10.4M this year alone.

A brief analyst report on CANK that includes recent events, stock technical outlook and analyst comments can be viewed by using the following link at no cost:

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SOURCE BrokerBank Securities, Inc.