Two familiar cannabis names offer a lot of value for investors
Some important stocks have already started to gain ground during the first week of August. The market as a whole has started to see upward movements over the past few days as major US companies have released their second-quarter earnings reports. Another key focusses this month is the debate over federal cannabis policy in Congress. Simply put, it looks to be a month full of positivity, so opting for some penny cannabis stocks could be a smart decision at this time.
Charlotte’s Web Holdings has certainly been outperforming the expectations of many, leaving strong competitors behind. The company is a pioneer in the US market when it comes to cannabidiol (CBD) based health products. While already a leader in the CBD industry in the country, the company continues to make moves to continue its expansion.
In particular, the firm offers high-end hemp products using genetics grown on US farms. This makes its products highly effective for its large consumer base.
On the other side is MariMed, a company that, over time, has been able to deliver on its strategy and continue to grow. Now, the multi-state marijuana operator has a large line of retail stores and dispensaries that operate legally. The company operates and builds state-licensed marijuana facilities from seed to sale.
Betty’s Eddies, Nature’s Heritage, Bourne Baking Co. and Kalm Fusion are among the company’s top award-winning products and brands to date. According to this year’s first quarter report, a 27% increase in sales year over year was noted. The company expects this positive result to be maintained in the second quarter.