๐ฅ Cannabis Company Goes Full DOGE โ Launches Dogecoin Treasury Division! ๐
A bold move from the cannabis sector!
Publicly traded Dogecoin Cash Inc. (formerly Cannabis Sativa Inc.) has launched a new subsidiary: Dogecoin Treasury Inc. (DTI) โ dedicated to managing a DOGE treasury and advancing Dogecoin-focused blockchain initiatives.
After rebranding last November to reflect its pivot from cannabis to crypto, the firm is now doubling down on Dogecoin. Through DTI, the company aims to:
๐น Maintain a dedicated DOGE treasury
๐น Develop and implement a Dogecoin Protocol โ a unified framework to support all DOGE-related development
> โDTI gives us a dedicated framework to align our technical work involving Dogecoin with our broader business objectives,โ a company spokesperson said.
However, exact details remain under wraps. The company declined to share specifics when contacted, pointing to its official statement, which notes that plans are still in development and not guaranteed to be completed.
๐ Shares of $DOGP dropped 2% today, with a current market cap just above $4 million.
Interestingly, this isnโt the first Dogecoin move from the company โ it previously focused on Dogecoin Cash (DOG), a DOGE-inspired meme token on BNB Chain.
They now join a growing list of public firms like Spirit Blockchain Capital and Neptune Digital Assets exploring DOGE for digital asset strategies.