Premarket Action: Micro Cap Bid Up For Second Day!

A Chicago-based micro cap is seeing a strong continuation of yesterday’s performance as shares appear to be bid up as we head toward the open. The two-day strength comes off o f a press release that the company is going to acquire the business assets of ICS Consulting Service located in Denver, Colorado. Shares of Blue Diamond Ventures Inc. (OTCPK:BLDV) are bid up on the news.

Blue Diamond, through its subsidiary, provides consulting services to clients in various fields including, the cannabis industry, hospitality industry, construction industry, consumer goods, manufacturing, production, and business development. The company, through its subsidiary, also provides products and services in the medical cannabis industry, including medical cannabis conferences, professional cannabis education, and innovation and targeted therapies in the medical cannabis biotech space.

Traders appear to think there is more room to run for this stock, as shares are bid up at $0.005/share (+6.38% implied open for sellers). This comes just one session after the announcement of the acquisition and a massive move as shares went on to close at $0.0047/share (+38.24%) on Wednesday.