Panacea Life Sciences Holdings Inc (OTCMKTS:PLSH) Stock Sees Further Rally: Up 144% In a Month
Colorado-based manufacturing, research, and product development company, Panacea Life Sciences Holdings Inc (OTCMKTS:PLSH) on April 19, 2023, announced the implementation of a distribution agreement with C.A.G. Global for expanding the line of “seed-to-sale” CBD products into Guyana, South America.
Trading Data
On Wednesday, PLSH stock gained 3.75% to $0.4150 with more than 87.93K shares, compared to volume of 24.07K shares. The stock moved within a range of $0.3600 – 0.5550 after opening trade at $0.3600.
Panacea Life expands CBD business into Guyana, South America to capitalize on the country’s rapid growth
Panacea Life Sciences Holdings, Inc is a holding company supporting life sciences and health and wellness industries. Considered to be an emerging growth country, Guyana has significant potential due to therecent oil reserve discovery (GeoVane 2020). The discovery will provide an economic boom to the country, as there is potential to produce an estimated 25 billion barrels of oil and natural gas by end of decade.
C.A.G. Global Founder, Cort Gomes said that the CBD market is an exciting market, and the people will receive a healthier path to wellness. Gomes added that the CBD market will become a booming market in the country in the coming years.
Panacea would be launching a complete line of CBD topical and ingestible products in May 2023. In the capital, Georgetown, there are 15 big pharmacies as well as several convenience stores which can provide Panacea products to the 300,000 citizens.
Nick Cavarra, President of Panacea Life said that the firm has witnessed early indications of a robust market in South America and is excited on having C.A.G. Global join the Panacea team.
