- Cannabis Science announced on Friday it's entering the blockchain space.
- The announcement comes after a number of companies have seen explosive moves higher in their stock prices following similar pivots in their business.
- Shares spiked off session lows and are now trading up close to 6%.
Shares of Cannabis Science, a company that specializes in the development of cannabinoid-based medicines, climbed into positive territory Friday afternoon after it said it will enter the blockchain space. Shares were trading down more than 6% ahead of the announcement, now they're up about 6% - a 12 point move.
The company says it will launch an initial coin offering, a crypto-based fundraising method, in January 2018, following the completion of pre-launch sales.
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