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Home / Market Movers / Cannabis Stock Laggard: Futureland Corp. (OTCQB:FUTL) Sheds 26.81% at Midday on November 10

Cannabis Stock Laggard: Futureland Corp. (OTCQB:FUTL) Sheds 26.81% at Midday on November 10

Futureland Corp. (OTCQB:FUTL) had a tough morning trading session on November 10, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 26.81%. After closing the previous session at $0.01175, shares of FUTL opened this morning at 0.012 and are trading at $0.0086 at the lunch break. So far, about 4.43 million shares have changed hands, compared to an average 30-day volume of 8.13 million for Futureland Corp.. Shares moved as high at $0.012 and as low as $0.0079 in AM trading action.

The share depreciation gives the company a market capitalization of $758,539 based upon 64.56 million shares outstanding.

In the past 52 weeks, shares of Futureland Corp. have traded as low as $0.0077 and as high as $0.6. Technical traders will take note that at $0.0086, shares of FUTL are trading below their 50-day moving average (MA) at $0.016 and below their 200-day MA at $0.154. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath them is typically regarded as bearish.

Who is FUTL?

FutureLand Corp is a cannabis and hemp land leasing company. The Company through its subsidiary is engaged in acquisition, zoning, license fulfillment, site plan preparation and financing of cannabis or hemp grow facilities throughout the United States. The company is led by its CEO Keith Duffy from its headquarters in St. Petersburg, FL.

For more information on FUTL and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit PotNetwork.com today.

All data provided by QuoteMedia and was accurate as of 12:00PM ET.

About PotNetwork.com

PPotNetwork.com is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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