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The company name has been changed to Dogecoin Cash and a new subsidiary has been established to focus on DOGE-related business.
According to Gate News bot, on July 2, a publicly listed company formerly known as Cannabis Sativa, Inc. announced the establishment of a wholly owned subsidiary, Dogecoin Treasury Inc., specifically for holding Dogecoin (DOGE) as treasury assets. The company changed its name to Dogecoin Cash Inc. last November, marking a shift in its business focus from areas such as telemedicine to the Crypto Assets and Blockchain sectors.
The newly established subsidiary will focus on supporting development projects related to DOGE and managing digital assets, including DOGE. One of the key projects is the development of the "Dogecoin Protocol" technology framework, which aims to unify the technical architecture of all company projects related to DOGE.
It is worth noting that Dogecoin Cash Inc. (stock code: DOGP) has recently performed poorly in stock price, down 4.60% in the past 5 days, with a current market capitalization of approximately $4.14 million.