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Wednesday, April 17, 2019 12:25:19 AM
Just like Canbiola, CBD Unlimited traded between the $.04 - .05 range for quite some time. Yet, almost immediately upon releasing 2018 financials, the company soared.
The most exiting thing for CBD Unlimited, is that their momentum hasn’t shown any sign of slowing down. They’ve had almost no major pull backs, and they look prepared to breach $1.00 soon.
For Canbiola, as a comparable company, with similar revenue and similar projected growth, I think that bodes well.
For the sector as a whole, I think it’s even better.
Consider this:
CBD Unlimited is doing a lot of things right, but they also:
1) ran into the red last year with a net loss,
2) serve a very niche, almost obscure market (CBD for pets),
3) carry limited SKU’s, and
4) derive nearly all revenue from one source: retail.
The fact that a company like that can garner enough attention to drive their stock up more than 1500% in 3 months shows just how explosive this sector is.
The $EDXC story tells us that people are looking for CBD plays, and the FOMO is palpable.
Recent CANB News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 08:58:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/31/2024 05:29:17 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 09:08:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:54:44 PM
- Can B Corp. Secures Ownership and Control of Two Cannabis Patents Valued at $122 Million and Potentially in Excess of $750 Million • InvestorsHub NewsWire • 03/11/2024 12:34:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 10:15:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 10:02:41 PM
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- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 04:52:26 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/08/2024 06:08:58 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 03:36:25 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 10/10/2023 08:57:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 09:12:43 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 08:41:28 PM
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