{"id":3686,"date":"2014-01-23T14:12:22","date_gmt":"2014-01-23T14:12:22","guid":{"rendered":"\/?p=3686"},"modified":"2014-01-23T14:12:24","modified_gmt":"2014-01-23T14:12:24","slug":"fastfunds-financial-corporation-otcmktsfffc-enters-the-cannabis-business-stock-explodes","status":"publish","type":"post","link":"\/articles\/fastfunds-financial-corporation-otcmktsfffc-enters-the-cannabis-business-stock-explodes\/","title":{"rendered":"Fastfunds Financial Corporation (OTCMKTS:FFFC) Enters the Cannabis Business, Stock Explodes"},"content":{"rendered":"

\"FFFC.png\"Over the past few months, Fastfunds Financial Corporation (OTCMKTS:FFFC<\/a>) has been happily hovering between $0.0001 and $0.0003 per share. Nobody was really interested in it and it appeared that nothing is capable of digging it out of these levels. Yesterday, however, it absolutely exploded. <\/p>\n

The 200% in daily gains are not that remarkable for a triple zero ticker, but the volume is absolutely astonishing. More than 2.3 billion shares changed hands bringing the trade value to over $1.1 million. <\/p>\n

Luckily, this wasn’t caused by a paid promotion. We’ve seen FFFC<\/a> go through a couple of awareness campaigns and we know for a fact that it’s far from the best performer. But if it isn’t the pumpers, then what is causing all the stir?<\/p>\n

Apparently, FFFC<\/a> have been taken over by the hype around the marijuana industry and it seems that they want a piece of the action. About an hour and a half before the start of yesterday’s session, they announced that they have formed a subsidiary called Cannabis Angel, Inc. As the name would suggest, the new daughter company is going to provide funding for various businesses working in the marijuana industry. Sounds good – there’s certainly quite a lot of enthusiasm around the cannabis business and analysts say that the sector is about to experience major growth.<\/p>\n

The thing is, if FFFC<\/a> are going to help start-up companies with some fresh financing, they will need to have some money of their own. The latest 10-Q covers the period ended September 30, 2013, and it shows that they might have some serious issues. Here’s a summary of the most important figures:<\/p>\n