Shares of Skkynet Cloud Systems Inc. (OTCMKTS:SKKY) have been trending higher over the past week with a jump of 18%.
Trading Data
On Tuesday, HMLA stock ended flat at $0.0013 with more than 500k shares traded, compared to its average volume of 270k shares. The stock has moved within a range of $0.0013 – 0.0013 after opening trading at $0.0013.
Himalaya Launches Cannabis Social Network “Kanab Club”
Health and wellness incubator making growth investments, Himalaya Technologies, Inc, (OTCMKTS:HMLA) on January 11, 2021, Homeland Resources Ltd, launched wholly-owned cannabis social network “Kanab Club” out of open beta.
The site is now stable after several months of open and closed testing and is ready for further functionality. Programmers have finished an invite engine, messaging functionality, private and public feeds, a general chat forum, and third-party interconnections including Weedmaps.
Management is budgeting developing stock chat room, 420 dating, e-commerce, and iOS and Android apps, part of which is targeted for completion in phases by 2022 end.
These and potential future modules are being done for driving traffic to the site and the firm is also discussing with strategic partners in B2B and B2C space for furthering differentiating the site and adding scope for setting the stage for future monetization.
Vik Grover CEO said that the firm has been incubating Kanab Club for three years as a stealth project even as the cannabis market are witnessing a wave of state legalizations.
Grover added that the site is perfectly positioned for growth as millions of industry participants and consumers are working remotely. Grover added that the country is at an inflection point for cannabis and time is right for accelerating investment in social networks for targeting narrative and cannabis niche.
Technical Data
HMLA stock is trading above the 10-Day and 20-Day Moving averages of $0.0010 and $0.0011 respectively. However, the stock is below 200-Day moving average of $0.0058.
