The cannabis industry is made up of public and private companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana.
Cannabis has begun to gain wider acceptance and has been legalized in a growing number of nations, states, and other jurisdictions for recreational, medicinal and other uses.
The coronavirus pandemic has dealt a blow to several sectors, but Cannabis Beverages and edibles are seeing significant sales accross the country.
4 cannabis stocks that can light up your portfolio in 2020: Sun Kissed Industries Inc. (OTC: SKDI), Charlestowne Beverages (OTC: FPWM), Cann American Corp. (OTC: CNNA) and American Green, Inc. (OTC: ERBB).
Sun Kissed Industries Inc. (OTC: SKDI) is an emerging leader in the CBD-based products marketplace. The Company is pursuing meaningful acquisitions as part of an aggressive M&A strategy designed to position Sun Kissed as a dominant player in a well-defined, high-growth niche within the rapidly expanding CBD sector.
Charlestowne Premium Beverages Inc (OTC: FPWM) is a company that develops, produces, markets, and distributes alcoholic beverages worldwide. The Company’s portfolio showcases spirit brands such as Papa Vodka, Crocodile Tears Vodka, Proprietor’s Reserve Whiskey, and Lord Proprietor’s Special Reserve Whiskey. The company also has wholesaler and import permits from the Alcohol and Tobacco Tax and Trade Bureau,the governing body for spirits in the U.S. under the Department of the Treasury.
Martin D. Ustin, CEO of Charlestowne Premium Beverages Inc (OTC: FPWM), is Bullish about growth as the company resumes Pre-Covid-19 Development Plans.
“Looking at the life-changing policies imposed across the world for the past eight weeks, it is encouraging that we have found that spirits industry sales increased during the shutdown period, as well as people’s growing interest in premium products. These provide great opportunities for us, while additionally we have noticed that overall product development in the market has lagged. As the world economy re-opens, there is pent up energy to aggressively pursue product development,” said Martin D. Ustin, company CEO. “We want to position FPWM to be ready to take advantage of the re-opening. We have noticed that the strongest recent growth is in the premium product sector (where quality counts), and that is at the core of our company philosophy.”
As a matter of priority, contacts with South American suppliers have been re-established and several new unique product and packaging programs have been rekindled. The Company is finalizing the change approval process with FINRA to complete its official rebranding to Charlestowne Premium Beverages. As business operations resume, FPWM expects to share additional announcements in the coming weeks.
Cann American Corp. (OTC:CNNA) recently announced an equity investment in Fly Beverage Corp. Fly Beverage, based in Northern California, specializes in cannabis infused beverages for the California dispensary market. The company’s brands consist of Nectr and Matt’s High Soda. Nectr, offers four flavors of sparkling water with 10mg THC per bottle. The Nectr line of drinks are already on shelves in thirty dispensaries throughout California.
American Green, Inc. (OTC: ERBB) became, in 2009, America’s second publicly-traded company in the cannabis industry. American Green now, with its more than 50,000 individual certified shareholders, is one of the largest (in shareholder count) in the cannabis sector, American Green’s mission is to lead the cannabis and premium CBD industry. Leveraging our team of professionals in cultivation management, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainable initiatives in the cannabis-adjacent and CBD industries, laser-focused on adding company and shareholder value.
The company announced yesterday that one of its best AGM Smart Vending Machine Kiosk customers, Earthly Mist, has successfully integrated ERBB’s proprietary vending technology (called AGM) so that their retail customers and staff never need to interact together in order to complete a transaction at their stores. As a result, this contact-free transaction keeps all parties safer in our Covid-19 environment. Earthly Mist, like most companies in the retail sector, found itself in a situation when Covid 19 hit, of having to close its stores unless it found a way to continue to serve its clients without risking the health of its employees and customers. Store management came up with a solution to deploy their American Green AGM kiosks to carry out a complete transaction without any human interaction whatsoever.