Cannabis company Dogecoin Cash Inc. establishes DOGE asset management subsidiary

2025-07-02 09:02:57

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ChainCatcher news, according to Decrypt, the publicly listed cannabis company Dogecoin Cash Inc. (formerly Cannabis Sativia, Inc.) announced the establishment of a wholly-owned subsidiary, Dogecoin Treasury Inc., dedicated to managing Dogecoin (DOGE) assets and supporting related development projects.

The company plans to develop the "Dogecoin Protocol," aligning its DOGE-related technical work with broader business objectives. Previously, the company had accumulated approximately $6 million in DOG tokens (a mimic coin on the BNB chain).

Currently, the DOGE price has dropped nearly 5% in the last 24 hours to $0.158, down over 78% from its all-time high of $0.73 in 2021. The company's stock (DOGP) fell 2% on the day, with a market capitalization of approximately $4 million.

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