Iron Tank Resources Corp.
, Stock Forum
) jumped 43% to 10 cents Thursday after the company said it has begun evaluating an application for a medical marijuana license and facility.
“As part of the evaluation process, the company has hired Darren Kaulius, to lead this evaluation. Kaulius has extensive experience in the food and health industry and has been involved in the application process for other groups,’’ the company said.
As well, the company said it has secured a parcel of land located in the BC Agricultural Land Reserve; this land has been secured under an option to purchase, the company said.
The option requires monthly payments of $1,500; all payments made under the option agreement will be credited against the purchase price upon completion of the purchase of the land.
At current trading levels, Iron Tank has a market cap of $1.7 million, based on 17.3 million shares outstanding. The 52-week range is 10 cents and 3.5 cents.