New reports from the US indicate that the hemp-derived CBD market will hit $591 million USD in 2018. If that doesn’t excite you enough then try this: the hemp-derived CBD market is expected to grow 40 times that to $22 billion USD by 2022. With those massive numbers in mind, let’s check out some cannabis penny stocks that dabble in CBD production and are selling for very intriguing prices right now!
Cannabis Penny Stocks: CBD Makers
Who are they?
Freedom Leaf Inc. (OTCQB:FRLF)
The CBD market has expanded rapidly in 2017 and 2018. There are more distribution channels than previously; CBD products have now become available in natural food stores, beauty aisles, cafes, and doctors offices.
Las Vegas’s Freedom Leaf Inc. is set to capitalize on this booming growth.
The company will debut a new branding structure, whereby its focus is on pharmaceutical-grade hemp CBD health and wellness products. This new direction will be launched at MjBizCon 2018, in front of thousands of potential investors and buyers.
Selling for $0.33 USD and currently in the green 5.77%, the FRLF cannabis penny stock could be a good addition to your portfolio. The CBD sector in the US is only getting hotter.
Cannabis Strategic Ventures (OTC:NUGS)
This cannabis penny stock is on an upward trajectory today. Currently selling for $3.07 USD and experiencing steady gains of 1.66%, Cannabis Strategic Ventures is paring some of its losses from last week. Last week was a tough week; comparatively, on Thursday 8th, NUGS was selling for $3.70 per share.
But today is a new day and the company’s wholly-owned subsidiary, FITAMINS, has a new brand Ambassador—professional boxer and MMA fighter Art Jimmerson. FITAMINS is a proprietary health and wellness formula containing 25 mg of hemp-derived cannabidiol (CBD) and other joint supporting vitamins that work to improve health and relieve joint and muscle pain.
>> Penny Stocks to Watch: LiteLink Technologies Inc.
The company unveiled its new ambassador today, and its stock is moving skyward as a result.
PotNetwork Holdings Inc. (OTC:POTN)
Another cannabis penny stock to watch is the super-cheap PotNetwork Holdings. Its subsidiary Diamond CBD is on the move bringing its CBD-infused edible treats and oils around America. The company has launched a mobile team that will pop up in retail stores offering samples and sales of its products.
In 2017, Diamond CBD achieved revenues of $14.5 million, which served to highlight the potential of the CBD market in the US.
Today, the POTN cannabis penny stock is selling for $0.20 USD and is in the green just shy of 6%.
It is interesting to note that most of the companies in the CBD sector in the US are making gains at present. I wonder, will this last?
Featured Image: Depositphotos /© Johny87
