The Cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space, significant investments, improved distribution and refined marketing strategies mean theses public cannabis companies are only just starting to sprout. Cannabis stock investors are looking for the industry to deliver improvement this year.
High-flying and volatile cannabis stocks have caught the attention of both the Main street and Wall Street this year.For investors ready to jump on the hemp CBD bandwagon, Sun Kissed Industries Inc., American Green, Inc., Indoor Harvest Corp. and CBD of Denver Inc. are four great sub penny stocks to consider buying at these levels.
Sun Kissed Industries Inc. (OTC: SKDI) recently announced that is has closed in its acquisition of Products Group, Inc. DBA Hakuna Supply (“Hakuna” or “Hakuna Supply”), a premier revenue-generating CBD-based products company located in California with over 110 established retail distribution partners across over 20 states in the domestic US market and Canada.
“I said previously that this was a deal we have been hunting for to thrust Sun Kissed onto the global CBD products market stage in a major way and I stand by that today as we close on the contract to acquire them,” commented Carl Grant, Sun Kissed CEO. “Hakuna is a well-established market leader in CBDbased products with a respected distribution footprint. The company is already a major player in the space and our investment in its operations will allow it to extend its reach far beyond its current level. This is an exciting time.”
Hakuna Supply received the DOPE Magazine Best New Product award for Southern California in the non-cannabis/non-tech category in 2017 and their signature hemp roast coffee was nominated in the 2019 California Cannabis Awards for best CBD product. Hakuna currently offers high-end CBD-based
products, including CBD Hemp Roast Coffees, CBD Coffee Bundles, CBD Tea Bundles, CBD Drink Drops, CBD Dried Fruit Gummies, CBD Flower, CBD Pre-Roll Blends, a range of premium CBD Teas, and a full line of premium storage products.
Sun Kissed Industries Inc. (OTC: SKDI) has 865.5 million shares outstanding and a float of 75.5 million shares. The stock gained over 500% recently, bouncing from its 52 wk low of 0.0020 to over 0.018 within a few days.
American Green, Inc. (OTC: ERBB) announced last week 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.
Indoor Harvest Corp. (OTC: INQD) announced yesterday the development of the 2020 New Outlook Plan along with impending initial ventures/agreements validating Indoor’s approach to leverage a variety of factors making Indoor an attractive venture, merger, technology, partner through its public company platform.
The Company seeks to market its position in the capital market as a publicly trading company, with established auditing, transfer agent, management, market relationships, and shares that trade publicly, and other attributes, to have private companies with revenues, technology, contracts, assets, relationships and or other benefits, integrate with Indoor.
Indoor Harvest Corp. (OTC: INQD) has 946.4 million shares outstanding and a float of 33.1 million shares.
INQD is trading at a discount compared to other players. And several upcoming catalysts could catapult shares higher.
CBD of Denver, Inc. (OTC: CBDD), a full-line CBD and Hemp oil company (“CBDD”) that sells Black Pearl CBD and hemp products and the owner of CBD Social Network, announces that it has signed an agreement to acquire a Swiss CBD retailer.
With this 2nd acquisition, CBDD and its majority shareholder Swiss Industry Ventures, AG, are positioned to become a leader in the Swiss CBD market. Switzerland is in a central location, surrounded by 5 EU countries and is the business and banking hub of the Europe. The company looks to expand its customer base quickly in adjoining countries.
CBDD has engaged Executive Industries, Inc. to complete our ongoing financial filings and keep us in compliance with OTC Markets. We have also retained Jonathan D. Leinwand, P.A., a law firm experienced in CBD, cannabis, corporate and securities law. Their expertise in mergers and acquisitions will be an indispensable asset as we move forward with our corporate objectives.
The Revenues from the first two acquisitions will be consolidated and included in our Q2 financial filing due on June 30th.
CBDD offers a superior CBD product that is full spectrum without depending on THC to activate the benefits of cannabidiol. Black Pearl CBD has 0% THC, but is not an Isolate where the THC is stripped from the product rendering it ineffective. We use a proprietary technique adding terpenes as the activation ingredient, resulting in a product that is the finest in the industry. Our products are available at www.blackpearlcbd.com.
CBD of Denver, Inc. (OTC: CBDD) shares gained over 200% in May, bouncing from its 52 wk low to almost 0.0024 within a few days.