Weed Inc (OTCMKTS:BUDZ) has started to make some noise again. BUDZ has a market cap of 181M, and shows cash on hand of $167,015 as of their latest financial report for Q1. This is an increase of 72,300%. (That’s a big jump). Cash on hand for 4th quarter of 2016 was only $231. However, there are no revenues reported yet in 2017, which would mean that this was capital raised either from loans or the offering of stocks. As per their latest report, they have raised 292,999 as proceeds from sale of common stock.
Another interesting point is that the two main shareholders are Glenn E. Martin with 54.1% and Nicole M. Breen with 19.3%, the CEO and Treasurer respectively. Another interesting detail is that they did not receive any cash compensation, only shares. Those names are also quite familiar with the drama that ensued from United Mines, the predecessor of BUDZ.
... read more at: http://financeregistrar.com/weed-inc-otcmktsbudz-turning-new-leaf/