[Featured Stock] Midas AI Rises Strongly Following Biden's Victory with Marijuana Legalization Pledge Confirmed

[Asia Economy Reporter Eunmo Koo] Midas AI, which is pursuing a marijuana business, is on the rise following news that Joe Biden, the President-elect of the United States who is favorable to marijuana legalization, also won the Electoral College vote in the presidential election.

As of 11:07 AM on the 15th, Midas AI is trading at 764 KRW, up 3.24% (24 KRW) compared to the previous trading day.

On the 14th (U.S. local time), Joe Biden, the President-elect of the United States, announced that he secured a majority of the Electoral College votes required for victory. During the presidential campaign, the Biden camp made marijuana legalization a campaign pledge. With the election results virtually confirmed, it appears that Midas AI's stock price is moving on expectations that marijuana legalization will gain momentum.

Midas AI is pursuing the acquisition of Melrose Facility Management (MFM), which has marijuana cultivation and extraction facilities in the U.S. On the 7th, they completed on-site due diligence in the U.S. and are preparing to sign the main contract within the year.

Meanwhile, the United Nations (UN) vote on the 2nd is also expected to have a positive impact on the global marijuana business expansion. The UN Commission on Narcotic Drugs, following the recommendation of the World Health Organization (WHO), decided to remove marijuana from the list of dangerous drugs such as heroin and cocaine.

This content was produced with the assistance of AI translation services.