5 CBD Stocks Set To Soar: SRCO, CBDL, USMJ, NNRX, SGMD
Following were the notable penny stock buzzers in the previous session on high volume. Keep an eye on these stocks this week.
If you are interested in nanocap stocks here is one you should look into
Sparta Commercial Services Inc. (OTCMKTS:SRCO) a technology based financing company with subsidiaries in mobile app development, crypto payment gateways, and CBD, Through its CBD subsidiary, New World Health Brands, Inc. offers CBD products manufactured in the United States and have been tested by highly accredited state-of-the art agriculture testing laboratories to ensure consistent ingredients and proportions listed and do not contain pesticides or other contaminants. SRCO offers a full array of hemp-derived CBD products that include oils, topical, capsules, tablets, pet and livestock tinctures. Friday’s vote could be a catalyst for SRCO stock.
CBD Life Sciences Inc. (OTCMKTS:CBDL) stock was in action in the previous trading session as the stock ended flat at $0.0002 with over 93.66 million shares traded hands, compared to its average volume of 87.09 million shares.
CBD Life Sciences Inc. engages in the development and marketing a line of cannabidiol based organic products. Its cannabidiol based organic products include hemp drops, massage oils, recovery pain relief creams, anxiety and sleep solutions supplements, edibles, and a line of pet products. The company is based in Scottsdale, Arizona.
North American Cannabis Holdings Inc. (OTCMKTS:USMJ) stock was one of the notable active movers in previous trading session as the stock fell 14.30% at $0.0006 with over 188.56 million shares traded hands, compared to its average volume of 71.25 million shares.
The company is working to introduce hemp as a multi-industry disruptor that can improve many existing products and services and at the same time contribute notably to the 2050 sustainability objectives. PURA is building a Co-Op of hemp growers and processors to jointly market under the Farmersville Hemp Brand Name. Co-Op partners include, for example, PAO Group, Inc. (PAOG) and Alkame Holdings, Inc. (ALKM).
Nutranomics Inc. (OTCMKTS:NNRX) stock continued to trend higher on Tuesday. On Tuesday, the stock was up 27.27% at $0.0007 with more than 451.02 million shares traded hands, compared to its average volume of 238.29 million shares.
The company announced that it has signed a definitive merger agreement related to the acquisition of DHS Development, Inc. dba The Plant, of Desert Hot Springs, CA. The parties anticipate exchanging closing deliverables to officially close the acquisition in the coming days.
Sugarmade Inc. (OTCMKTS:SGMD) stock was one of the most active stock buzzers. The stock ended lower by 12.50% to $0.0007 with 152.85 million share traded hands, compared to its average volume of 44 million shares. The company announced today preliminary financial results for its fiscal fourth quarter ending February 28, 2022. Salona posted revenue growth of 52% quarter-over-quarter in Q4 and 44% gross profit growth for the same period.