The Spectacular Rise of Discovery Gold Corp (OTCMKTS:DCGD)

The Spectacular Rise of Discovery Gold Corp (OTCMKTS:DCGD)

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One of our recent favorites, Discovery Gold Corp (OTCMKTS:DCGD), has been back on the move, breaking out to new fresh highs. If you aren’t familiar with this reverse merger story, you might do well to take a closer look. This was a relatively pristine shell that jumped nicely into the heart of the cannabis patch. And it has been adding talent to the team in several steps to build out the brain trust. Its latest move was its announcement last week that it has added Dr. Jeffrey Sharkey to its Strategic Advisory Board.

According to the release, “Dr. Sharkey will assist the Company in its State, Federal, and International government affairs and regulatory efforts. Dr. Sharkey is a nationally recognized marijuana and hemp government relations consultant based in the State of Florida. He was directly involved in the development of legislation creating the state’s medical marijuana legislation in 2014 and each year’s legislative expansion of the program. He is the founder and President of the Medical Marijuana Business Association of Florida which has provided rational policy guidance to policy makers and assists individuals with identifying and securing new business opportunities in the state’s expanding medical marijuana industry.”

Discovery Gold Corp (OTCMKTS:DCGD) bills itself now as a reverse merger play with a cannabis theme, taking on the DBA of GRN Holding Corporation. This new identity emerged in the clear public light after the company announced that it had added venture and financing industry veteran Justin Costello to its Strategic Advisory Board. In this capacity, Mr. Costello is expected to help guide Cannabis Global Inc.’s strategic planning, investments and partnerships in the rapidly growing cannabis industry.

Mr. Costello is the President and CEO of Discovery Gold Corporation (OTC PINK: DCGD) of Seattle, Washington, a fast growing, publicly traded new entrant into the cannabis marketplace. He also manages and is the CEO of GRN Funds, LLC, a private equity and hedge fund that secures banking resources for small to medium businesses and ancillaries.

“We are excited to have Justin Costello join the Cannabis Global Inc. team. His expertise in strategic planning and venture capital will help our growing company to identify potential acquisition partners and the best sources of capital to allow us to meet our aggressive growth plans in not only the industry hemp sector, but also within other areas of the cannabis industry,” commented Arman Tabatabaei, CEO of the Company. “We welcome Justin to Cannabis Global family.”

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As noted above, DCGD just announced it has added Dr. Jeffrey Sharkey to its Strategic Advisory Board.

Traders will note above 380% added to share values of the listing over the past month of action. Furthermore, the name has benefitted from a jump in recent trading volume to the tune of just under 280% over the long run average.

“Dr. Sharkey has tremendous insights and experience in all aspects of marijuana and hemp policy at the state and national level and can help the company develop successful growth strategies in diverse markets across the U.S. We truly look forward to Jeff’s guidance in moving DCGD forward”, commented Justin Costello, CEO of the Company.

Regarding the appointment to the Advisory Board, Mr. Sharkey said: “I am very excited to be able to assist and spearhead DCGD’s policy agenda and regulatory strategy as it looks to provide significant growth opportunities for investors in the marijuana and hemp markets. I look forward to working with DCGD”.

At this time, carrying a capital value in the market of $185M, DCGD has virtually no cash on the books, which stands against about $171K in total current liabilities. One should also note that debt has been growing over recent quarters. The company is pre-revenue at this point. We will update the story again as soon as further details emerge. Sign-up for continuing coverage on shares of $DCGD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $DCGD, either long or short, and we have not been compensated for this article.

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