United Cannabis Corp (OTCMKTS:CNAB) Major Shareholder Tony Verzura Sells 2,800,000 Shares

United Cannabis Corp (OTCMKTS:CNAB) major shareholder Tony Verzura sold 2,800,000 shares of United Cannabis stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $0.25, for a total value of $700,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

OTCMKTS:CNAB traded down $0.05 during trading hours on Friday, hitting $0.71. 1,169,277 shares of the company’s stock traded hands, compared to its average volume of 313,936. United Cannabis Corp has a 52 week low of $0.30 and a 52 week high of $0.91. The company has a fifty day moving average of $0.40.

United Cannabis (OTCMKTS:CNAB) last posted its quarterly earnings data on Thursday, May 16th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $4.41 million during the quarter.

About United Cannabis

United Cannabis Corporation owns intellectual properties related to growth, production, manufacture, marketing, management, utilization, and distribution of medical marijuana and marijuana infused products in the United States. The company focuses on developing therapeutics, including Prana Bio Nutrient Medicinal products for supplement deficiencies related to the endocannabinoid system, including pain, neuropathy, arthritis, MS, IBS, autism, seizures, eczema, sleep, anxiety, head trauma, opioid dependency, and clinical endocannabinoid deficiencies; and Prana Aromatherapy Transdermal Roll-on line that provides targeted and large surface relief with combinations of aromatherapy.

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