Sunset Island Group, Inc. (OTCQB: SIGO) is engaged within the cultivation and production of medical cannabis. Shares of the cannabis company surged 52.39% on Thursday, August 10, 2017. Over the past month, Sunset Island Group, Inc. saw average daily volume of 121,700 shares. However, volume of 250,941 shares or dollar volume of $225,846, exchanged hands on Thursday.
Shares of Sunset Island Group, Inc. jumped today, after the company filed an 8-K form disclosing Regulation FD information. According to the information, the company has announced that it has harvested 117 pounds of medical cannabis between August 1, 2017 and August 7, 2017. The initial harvest through the first week of August generated $140,400 in revenue. Here is part of the 8-K detailing of the harvest:
Sunset Island Group, Inc. 8-K Form
Item 7.01. Regulation FD Disclosure.
The Company has received questions regarding the Company’s operations. The Company felt it was better to answer the questions through an 8-K instead emailing the individuals directly.
Q1. How much revenue has the company generated from the initial harvest?
A1. From August 1, 2017 through August 7, 2017, the Company generated approximately $140,400 from 117 pounds harvested.
Here is the link to the full 8-K form: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12223742
