A small Las Vegas-based company made headlines today after it announced agreements with prominent hemp cultivation product manufacturers Kalix and NPK Industries to carry their product lines online. MJ Harvest Inc. (OTCQB:MJHI) made the announcement during mid-morning trade that the products will be available for purchase on https://procannagro.com.
MJ Harvest is a United States-based development stage company engaged in the acquisition of companies, technologies, and products that benefit the agricultural industry, including cannabis growers and processors. It is developing a product portfolio that can benefit farmers and hobbyists in their growing operations. Its products include a debudder line, soil and soil additive products, and additional tools. Its products are primarily focused on the hemp and marijuana sectors.
Traders were excited on the news as shares hit a session high of $1.39/share (+39%). This move is a breath of fresh air for those who have been holding on during the pullback from the peak made in mid-January.