IJJ CORPORATION (OTCMKTS:IJJP) Signs Deals to Make an Impact in the Medical Cannabis Industry

IJJ CORPORATION (OTCMKTS:IJJP) has recently signed two major deals in the past month, to make its presence known in the industry. The company has acquired an addition to its network program, in the form of Agra Medical Global Holdings Inc. (AMGH). This was accompanied by another deal, not too long back, with American Seed and Oil Company, to build a treatment facility for US veterans with (PTSD).

Let this analyst breakdown the obvious technical-indicators for IJJP.

AMGH has been trying to find opportunities to work with Native American farmers on growing cannabis and hemp seeds. This move came after the US department of justice released policies to allow Native American communities to plant marijuana on reservation lands. The IJJP partnership will support AMGH in their pursuit of acquiring land and indoor greenhouse facilities for marijuana farming. The CEO of IJJP, Clifford Pope, stated that AMGH is a non-traditional kind of business and it is this uniqueness that the company would like to add to its network. He also hinted that the move was in accordance to recent plans by the company to expand into the growing cannabis industry. The company is aiming to keeping the costs at a minimum, while expecting huge return on investments. He also hoped that the move would increase shareholder value.

The company’s dealings with American Seed and Oil Company also included the company tapping into the medical cannabis industry. American Seed and Oil has plans to start the facility after its acquisition of Vermont Sustainable Farming LLC. The company is expected to be assisted by IJJP in terms of investment and infrastructure. The two companies aim to use marijuana as a treatment option of PTSD. The program would be funded by Colorado Department of Public Health and Environment and has got approval from US health officials. The studies would be conducted following an outline provided by Multidisciplinary Association for Psychedelic Studies. The results from the studies might eventually help the company develop a new medical product, involving cannabis. The increase in partnerships of IJJP would enable it to become a highly profitable company, with the majority of its returns coming from the medical cannabis industry.

IJJ CORPORATION (OTCMKTS:IJJP) closed at $0.0013 losing 7.14% on April 9.

 

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John Eisler

John Eisler

John is a special projects and general assignment reporter, noted for breaking several exclusive stories.