Today’s installment of the cannabis-company-makes-good series focuses on Los Angeles-based BANGI, Inc. (OTC:COBI). The diversified investment company, specializing in buying and leasing cannabis firms – among other real estate interests, says it has retained the services of UHY Certified Public Accountants, one of the Top 20 professional services firms in the U.S.
Effective immediately, BANGI will leverage UHY's expertise and service as it continues its preparation for its uplisting to a senior exchange and a Regulation A offering, which should increase the Company's access to additional growth capital.
CEO Rick Shykora says "This is… a direct reflection of management's focus on increasing our financial and operational transparency both for our investors as well as our strategic partners. With the imminent ticker and corporate name change to come, I also look forward to transitioning BANGI to its newly appointed CEO, which will be announced soon."
The stock price perked to the news, gathering 33.3% in price to four-100ths of a cent late Tuesday, on volume topping 100 million shares.
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