GoIP, Inc. (OTC Pink: GOIG), previously a technology services provider, announced today is shifting its focus on “acquiring hemp and cannabis cultivation & export licenses,” according to the company. Shares of the global cannabis company are rallying 25%, through afternoon trading on Thursday, March 7, 2019. Over the past month, GoIP Global, Inc. has seen average daily volume of 7.87 million shares. However, volume of 46.62 million shares or dollar volume of $46,620, has exchanged hands so far during late trading on Thursday.
Shares of GoIP Global are gaining on Thursday, after the company announced that it has received initial approval for a cannabis and hemp cultivation license from Kenya’s Ministry of Agriculture. Management says they are in the finalizing steps with the Kenyan government to license cannabis exporting. Under the current negotiations, there will be an initial lease of 500 acres for production, with ability to further expand. The lease term will effective for 25 years. Kenya’s close proximity to the equator makes the country and region particularly ideal for year-round cannabis production. Here is the full press release detailing of the initial license approval:
GoIP Global, Inc. Press Release;
New York, NY, March 07, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — GoIP Global Inc (otcpink:GOIG) announced today that the Company in seeking Cannabis licenses worldwide, has started the process in Kenya, where they have obtained the initial approval from the Ministry of Agriculture and is finalizing steps for licensing to export Cannabis. The current negotiations cover an initial lease of 500 acres for production, which can be expanded significantly. The lease term will be for 25 years. Kenya being on the equator provides the best conditions for year round production coupled with being a major agricultural export country, will allow Kenyan Cannabis production to fill the need for Medical and recreational Cannabis demand for the European Union and Canada.
The company expects to finalize the agreements in short order and contract to begin the process of growing, cultivating and exporting.
In other news, the company will not be changing its name to GoCanna as previously stated, the name met resistance from existing trademarks and the company has decided to pursue an alternative. The final decision on a name change will be made this month and all corporate material updated.
Mr. Ike Sutton stated, “After visiting Kenya and meeting with officials in country, I’m very excited about the prospects this agreement brings to our company. This is the first of several critical transactions that will transform GOIP into a relevant member of the burgeoning cannabis industry.”
About GoIP Global
GoIP Global is engaged in acquiring Hemp and Cannabis cultivation & export licenses, offering top tier management and developing partnerships for supply chain sales, and worldwide logistics pipelines. For more information, see www.gocannaglobal.com.
Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of GoIP Global, Inc. that constitute forward-looking statements for purposes of the safe harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases “can be,” “expects,” “may affect,” “believed,” “estimate,” “project,” and similar words and phrases are intended to identify such forward-looking statements. GoIP Global, Inc. cautions you that any forward-looking information provided by or on behalf of GoIP Global, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. GoIP Global, Inc.’s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond GoIP Global, Inc.’s control. In addition to those discussed in GoIP Global, Inc.’s press releases, public filings, and statements by GoIP Global, Inc.’s management, including, but not limited to, GoIP Global, Inc.’s estimate of the sufficiency of its existing capital resources, GoIP Global, Inc.’s ability to raise additional capital to fund future operations, GoIP Global, Inc.’s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match GoIP Global, Inc.’s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. GoIP Global, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.