Shares of MJ Harvest Inc (OTCMKTS:MJHI) continued to trend lower on Tuesday, extending its weekly fall to 17%.
Market Reaction
On Tuesday, MJHI stock slid 3.12% to $0.37 with more than 8.9k shares, compared to its average volume of 12.06K shares. The stock has moved within a range of $0.3640 – 0.3710 after opening trade at $0.3710.
3rd Annual Cowboy Cup Cannabis Show and Competition Sponsored by MJ Harvest’s Country Cannabis
MJ Harvest Inc (OTCMKTS:MJHI) County Cannabis brand was a gold sponsor at the 3rd annual Cowboy Cup Cannabis Show and Competition in Oklahoma. It was held from 3rd to 4th of December, 2021. It is social event and cannabis contest where the state’s best growers and processors compete against each other for recognition of their products.
Country Cannabis is a well-known medical marijuana brand in Oklahoma – it is available in more than 1000 retail locations across the state. Country Cannabis was placed at the entry to the Cowboy Cup event, being a gold sponsor! It was held at the legendary Tumbleweed Dance Hall and Concert Arena in Stillwater, Oklahoma, and attended by thousands of medical marijuana patients.
It was an exclusive cannabis networking event, with hundreds of vendors, sponsors, food, drinks, music, and an amazing ambience for promoting Country Cannabis Brand and affiliated brands, including Chronic, Weedsy, Sublime, BLVK and Native Nations.
Patrick Bilton, CEO of MJ Harvest states that the tremendous response at their MJBIZCON event in Las Vegas last month, along with their sponsorship of the Cowboy Cup clearly shows their dedication and commitment towards promoting Country Cannabis and affiliated brands. As of now, the company is working towards expanding beyond Oklahoma and boosting brand offerings.
Traders Review
MJHI stock is trading below the 20-Day and 50-Day Moving averages of $0.4475 and $0.5038 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.6857.
