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The cannabis company is rebranding to focus on its Dogecoin treasury plan.
The cannabis company listed Dogecoin Cash Inc. has just launched Dogecoin Treasury Inc, a wholly-owned subsidiary to manage the Dogecoin fund (DOGE). Previously known as Cannabis Sativia, Inc., the company changed its name in November to expand from the medical cannabis field into cryptocurrency and blockchain.
Dogecoin Treasury Inc. will support development initiatives related to Dogecoin and digital asset management. One of the important projects is the development of the "Dogecoin Protocol" to organize these initiatives in a unified technical framework.
The company did not provide further clarification on its plans, only stating that there are still no guarantees regarding completion or deployment time. The over-the-counter shares of Dogecoin Cash Inc. (DOGP) have decreased by 2%, currently having a market capitalization of over 4 million dollars.