Shares of Cannabis Suisse Corp. (OTCMKTS:CSUI) continued to move lower on Wednesday, extending its weekly fall to 13%.
Trading Data
On Wednesday, CSUI stock slid by 3.23% to $0.0300 with more than 12.79K shares, compared to its average volume of 47.12K shares. The stock has moved within a range of $0.0300 – 0.0300 after opening trade at $0.0300.
Cannabis Suisse Corp. Pursues Development of IT Offering Cannabis Life
Cannabis Suisse Corp. (OTCMKTS:CSUI), had announced the development plans of a brand new cannabis IT product, called Cannabis Life, in October 2021. On December 15, the company said that they are actively implementing this project.
Since the cannabis industry is becoming extremely regulated, accelerated changes are generating quite a bit of interest. Cannabis Suisse Corp. aims to become a leading provider in the industry, according to Alain Parrik, COO. He says they wish to provide exclusive access to content that helps to extract information, process it, and then make correct decisions.
As of now, the team is engaged in developing the project plan and has begun designing the application interface. The platform will be user-friendly and informative, so a lot of focus is on the design. It is necessary to establish a connection between design elements, in order to see the effectiveness of the application. Visual design plays an integral role in defining aesthetics of the application’s perception, so based on daily interactions with users, the app design will be pleasing to the eyes, and effective.
Cannabis Life is set to be one of the most sophisticated solutions that use artificial intelligence to provide quality information to those interested in the cannabis industry.
Key Quote
The cannabis industry is rapidly becoming a highly regulated market. As a result, accelerated changes generate increasing interest in the cannabis industry. The Company aims to become a leading provider in the industry. Our goal is to provide access to content that will help to get information, learn and make the right decisions, says Alain Parrik, COO of the Company.
Technical Data
CSUI stock is trading below the 20-Day and 50-Day Moving averages of $0.0341 and $0.0379 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0597. The stock is down 25% in the past month.
