The power of the Hemp boom is in its ability to mainstream across a multitude of other industries, all currently worth tens or hundreds of billions of dollars in annual sales – beverages, sweeteners, skin creams, and supplements, etc.
The market appears to be coming out of the cyclical bottom in March and heading into a fresh leg of the secular growth wave that has its roots in the burgeoning legalization wave for hemp, cannabis, and CBD some years ago.
With that in mind, we take a look at several interesting names in the space, including cbdMD Inc. (NYSEAMERICAN: YCBD), Medical Marijuana Inc. (OTC: MJNA), Golden Triangle Ventures, Inc. (OTC: TOMI), and Neptune Wellness Solutions Inc. (NASDAQ: NEPT).
cbdMD Inc. (NYSEAMERICAN: YCBD) just announced that it is proud to support MMA champion Daniel “DC” Cormier, a premier member of “Team cbdMD”, which is the CBD industry’s premier athletic sponsorship program, as he prepares for the fight of his career. This past Saturday, August 15, 2020, Cormier headlined a primetime MMA showdown against heavyweight champ Stipe Miocic in a highly anticipated ‘rubber match’. ‘Miocic vs. Cormier 3’ aired live at 10 PM ET (ESPN+ PPV) from the UFC APEX facility in Las Vegas.
“My mind is ready, and my body is ready to do something great. This fight is the build-up of years of hard work and preparation. Thousands of hours on the mat and endless amounts of time training. This fight means everything to me, literally everything. And I am so thankful for cbdMD and put my trust in their CBD ‘Recover’ Inflammation Cream, CBD bath bombs, and CBD gummies to help me get ready for this major fight,” said Cormier.
cbdMD Inc. (NYSEAMERICAN: YCBD) promulgates itself as a company that produces and distributes various cannibidiol (CBD) products. It owns and operates the consumer hemp-based CBD brand, cbdMD. The company’s product categories include CBD tinctures, capsules, gummies, bath bombs, topical creams, and animal treats and oils. It also offers pet-related CBD products under the Paw CBD brand name.
The company distributes its products through an e-commerce Website, wholesalers, and various brick and mortar retailers in the United States.
It will be interesting to see if the stock can break out of its recent sideways action. Over the past week, the stock is net flat, and looking for something new to spark things. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -10%.
cbdMD Inc. (NYSEAMERICAN: YCBD) managed to rope in revenues totaling $10.6M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top-line growth of 32.2%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($15.1M against $4.4M).
Medical Marijuana Inc. (OTC: MJNA) operates in the medical marijuana and industrial hemp markets. Its products range from patented and proprietary based cannabinoid products to seed and stalk or isolated high-value extracts manufactured and formulated for the pharmaceutical, nutraceutical, and cosmeceutical industries.
The company licenses its proprietary testing, genetics, labeling and packaging, tracking, production, and standardization methods for the medicinal cannabinoid industry.
Medical Marijuana Inc. (OTC: MJNA) recently announced that the Japanese division of its subsidiary Kannaway® had its best month ever in Company history in July 2020.
“Kannaway has made tremendous progress around the world as consumers in Japan and across Asia continue to show an exciting increase in interest for cannabidiol (CBD) products,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “Our team has truly shown what can be accomplished with passion, hard work and high-quality products designed to support the body’s crucial endocannabinoid system.”
While this is a clear factor, it has been incorporated into a trading tape characterized by a pretty dominant offer, which hasn’t been the type of action MJNA shareholders really want to see. In total, over the past five days, shares of the stock have dropped by roughly -4% on above-average trading volume. All in all, not a particularly friendly tape, but one that may ultimately present some new opportunities.
Medical Marijuana Inc. (OTC: MJNA) managed to rope in revenues totaling $11M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top-line growth of -46.9%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($5M against $10.5M, respectively).
Golden Triangle Ventures, Inc. (OTC: TOMI) is a multifaceted consulting company pursuing ventures in the Health, Entertainment and Technology sectors. The company aims to purchase, acquire, and/or joint venture with established entities within these areas of business. In addition, GTV provides a professional corporate representation service to different companies in these sectors while consulting on a variety of different business development objectives. The goods and services represented are driven by innovators who have passion and commitment in these marketplaces.
The company plans to utilize relationships and create a platform for new and existing businesses to strengthen their products and/or services. The three points of the Golden Triangle exclusively represent the three sectors this company aims to do business in.
Golden Triangle Ventures, Inc. (OTC: TOMI) also recently announced that it has made significant advances on its technology division under HyFrontier Technologies, Inc. The company is currently testing its HyGrO technology on many applications and plants.
According to the release, the company is pleased to announce the preliminary results on our CBD Hemp test with Colorado Hemp Services which is being grown with the HyGrO technology against a Control Test, now underway in Pueblo Colorado.
Travis Nelson, Principal of Colorado Hemp Services, states, “We are overly satisfied with the results we are seeing from watering our plants with HyFrontier Technologies’ HyGrO unit. We are approaching harvest soon and we are seeing a much larger flower set. We look forward to testing all the flowers at a certified testing facility to compare cannabinoid profiles after harvest. So far, the leaves on the HyGrO side of the test are greener and the plants are much larger and healthier than Control. We look forward to reporting our numbers after harvest.”
Golden Triangle Ventures, Inc. (OTC: TOMI) has begun to pick up its commercial-stage activities. While it represents a more speculative name on this list, it may also be the most underpriced opportunity given the lack of market appreciation for its coming catalysts at this point.
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) just announced its proprietary Mood Ring cannabis brand for the Canadian market. The Mood Ring brand and product line will officially launch in select Canadian markets this fall to meet consumer demand for high-quality, affordable, and environmentally friendly cannabis products.
Mood Ring leverages Neptune’s decades of experience in the wellness, extraction, and consumer packaged goods (CPG) industries to bring product offerings to market that are designed to meet the specific demands of Canadian consumers. Mood Ring CBD products primarily target wellness-focused consumers looking for natural products, whereas Mood Ring THC concentrates focus on the recreational market.
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) operates through two segments, Nutraceutical and Cannabis. The Nutraceutical segment offers turnkey solutions, such as raw material sourcing, formulation, quality control, and quality assurance for omega-3 and hemp-derived ingredients under different delivery forms, including soft gels, capsules, and liquids. The Cannabis segment provides extraction and purification services from cannabis and hemp biomass.
The company also offers formulation and manufacturing solutions for value-added product forms, such as tinctures, sprays, topicals, vapor products, edibles, and beverages.
And the stock has been acting well over recent days, up to something like 8% at that time. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -4%.
Neptune Wellness Solutions Inc. (NASDAQ: NEPT) generated sales of $21.4M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 124.2% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($25.5M against $22.9M).
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