BZAMF Saw A Mid-Day Gain Of
257.14% Yesterday, Due To Name And
Symbol Change For Cannabis Merger.
BZAM Ltd., (OTCQX:BZAMF) saw a monstrous mid-day run up 257.14% from a close at $.28 Thursday to a high of $1 yesterday. It gave up much of that mid-day momentum at the end of the day, to close the day up 25% at $0.35, which was still a strong close for the day compared to the majority of other OTC penny stocks.
The big move yesterday, was due to the company, formerly named, “The Green Organic Dutchman Holdings, Ltd,” to “BZAM Ltd” effective at the opening of the market on 2/23/23. The news providing this effective date for the official name change, was released on 2/21/23 and saw the trading symbol change from CSE:TGOD and OTC:TGODF, to its new ticker symbols of CSE:BZAM and OTCQX:BZAMF.
BZAM Ltd Completed This Name Change As The Final Piece To Its Merger With BZAM Holdings Inc:
In November 2022 The Green Organic Dutchman Holdings Ltd (“TGOD”) merged with BZAM Holdings Inc. Upon official completion of the name change, the companies new corporate website www.BZAM.com was launched.
BZAM Ltd, as a newly combined entity, as explained within their press releases, “is a multi-licensed Canadian cannabis producer. In Canada, BZAM Ltd serves the recreational market with a portfolio that includes BZAM, The Green Organic Dutchman, Highly Dutch Organics, TABLE TOP, and partner brands Dunn Cannabis, FRESH, Superflower and Snackbar.”
The strong growth seen by BZAMF mid-day yesterday gave us flashbacks to two periods of massive growth that were seen across the board by cannabis companies, with the first of those periods being enjoyed back in early 2014. We covered each period of market-wide growth for cannabis penny stocks extensively and examples of those releases with links to many of the public reports about those marijuana companies, can be found within our list of past penny stock picks.
With legalization continuing to sweep across the nation, it seems increasingly likely that federal legalization will eventually be seen within the next decade, which if actualized, could be another major catalyst for a market-wide breakout across just about all marijuana related companies. There continues to be significant growth potential in the cannabis field and the sudden growth of BZAMF on a simple name change after a merger that was otherwise completed three months ago, goes to show the strength that can come to this company when there is a simple uptick in trading volume.
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