Naturally Splendid Enterprises Ltd. (NSPDF)

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The Canadian #hemp stocks we’ve dug up could see significant upside following the passage of the Hemp #FarmBill in the U.S. Congress

SmallCapPower | December 17, 2018: The Hemp Farming Act of 2018 was a proposal to amend the status of hemp (less than 0.3% THC) under federal law, by removing its status as a Schedule I controlled substance, and instead classifying it as an agricultural commodity. The bill has passed the U.S. Senate, as well as the House, and is now awaiting a signature from the President before it becomes law. Following the passage of the bill into law, according to Brightfield Group, the industry could grow from its current size of US$800 million to over US$20 billion by 2022. Not surprisingly, hemp stocks have reacted exceptionally well to this news. Today we have identified four Canadian hemp stocks that could continue to see further upside as they begin to tap into an emerging industry.

Naturally Splendid Enterprises Ltd. (TSXV:NSP)
Hemp ????$NSP ????$NSPDF ????$50N

#NaturallySplendid Enterprises is a vertically-integrated biotechnology and consumer product company specializing in industrial hemp products. The Company’s line of products target a range of markets with various uses, including hemp protein isolate, hemp-based performance products for athletes, superfoods, meal replacements, energy bars, and pet food. Naturally Splendid distributes products to the U.S., Canada, Australia, Germany, and South Korea. The Company’s production capacity currently exceeds 22,500 sq. ft. and operates the only organic-specific hemp processing facility in North America. The Company reported $499,538 in revenue for the three months ended September 30, 2018.

Market Cap: $16.3 Million
1-Month Returns: -5.9%
YTD Returns: -59.0%

Source: https://smallcappower.com/top-stories/canadian-hemp-stocks-upside/