The CBD sector has grown at a breakneck pace over the course of the past few years and remains one of the fastest growing niches in the entire cannabis market at this point on time.
Hence, it is perhaps no surprise that more and more investors are now looking to get into the sector. At this point in time there are a number of companies which are involved on the sector and making a choice may be difficult. Here is look at four stocks that you could consider tracking this week.
AllStar Health Brands (OTCMKTS:ALST): The first one to consider is AllStar Health Brands. The company may not have been much in the news over the course of the past months but it remains one of the major players on the CBD sector. If there is not a lot of news that is available in recent times, then investors ought to look into the last available news.
Back on September 21, 2021, the company had announced that a range of initiatives that it had been working on had reached favourable conclusions. One of the more important partnerships was the strategic one with Virotek Biosciences Inc for helping with the application of the Rapid COVID-19 test to a range of customers.
ALST stock has been gaining momentum over the past month with a jump of 14%. The stock has moved within a range of $0.0077 – 0.2000 in the past 52-week.
Sibannac Inc (OTCMKTS:SNNC): Sibannac Inc is a Nevada corporation and at this point in time the company is concentrating on becoming a vertically integrated corporation that is involved in the wellness industry. In this context, it ought to be noted that the company has also established an operational platform named The Campus Co which helps with the entire infrastructure that is necessary for building any major brand.
The company is working towards becoming one of the major players in the CBD place and it could well be the CBD stock to watch in the coming weeks.
NOHO Inc (OTCMKTS:DRNK): The next one in line is NOHO Inc which could be the one to watch from among CBD stocks. There has not been a lot of news about the company in recent times but it is one of the major players in the industry.
However, back on December 13 last year that it had reached an agreement with a supplement manufacturer which was going to be responsible for fulfillment, packaging and production services from one facility. The move is expected to not only enhance efficiency but also save costs.
Cann American Corp (OTCMKTS:CNNA): Last but not the least, it is Cann American Corp that could be added to the watch lists for those who are looking into CBD stocks. The company is well known for having ownership of a range of intellectual properties in both the hemp and legal cannabis spaces.
Yesterday, the company was in the news after it announced that its ‘C-Juice’ Delta 8 range of products had hit retail stores. It goes without saying that it was a major boost for the company and analysts are possibly going to be waiting intently for the sales data with regards to the products.
Livewire Ergogenics Inc (OTCMKTS:LVVV) is another stock which could be on your watchlist in the coming week. Earlier this week, the company made a positive announcement that it’s affiliate company Estrella River Farms has partnered with Phire Labs to deliver its products for the manufacturing and distribution of connoisseur-craft extracts produced and distributed by Phire Labs to hundreds of licensed dispensaries throughout California.
LiveWire Ergogenics Inc. focuses on acquiring, managing, and licensing special purpose real estate properties to produce handcrafted and organically grown cannabis products for medical and recreational adult-use in California. The company is based in Anaheim, California.