Cannabis Financial 2020 Reports From Leaders Shows Strong Future: Cronos Group (NASDAQ: CRON), Canopy Growth Corp. (NYSE: CGC), GW Pharmaceuticals (NASDAQ: GWPH), cbdMD (NYSE: YCBD) And Can B Corp. (OTCQB: CANB)
Despite the impact of COVID-19, the CBD cannabis industry is reporting financial performance that supports its anticipation of a solid long term future as a growth industry. Even through the current pandemic, publicly-held CBD based stocks showed resilience. Financial outlook reinforces Cronos Group (NASDAQ: CRON), Canopy Growth Corp. (NYSE: CGC), GW Pharmaceuticals (NASDAQ: GWPH), cbdMD (NYSE: YCBD) and Can B Corp. (OTCQB: CANB).
The CBD market has drawn intense interest from media companies. stockmarketpress.com features specialized coverage of related stocks such as Can B Corp. (OTCQB: CANB), Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), Cronos Group (NASDAQ: CRON), Canopy Growth Corp. (NYSE: CGC), Charlotte’s Web (CSE: CWBHF), INSYS Therapeutics, Inc. (NASDAQ: INSY), cbdMD (NYSE: YCBD), Joy Organics (NASDAQ: JOYG),, GW Pharmaceuticals (NASDAQ: GWPH) and Supreme Cannabis Co. (OTC: SPRWF).
Cannabis Financial 2020 Reports From Leaders Shows Strong Future: Cronos Group (NASDAQ: CRON), Canopy Growth Corp. (NYSE: CGC), GW Pharmaceuticals (NASDAQ: GWPH), cbdMD (NYSE: YCBD) And Can B Corp. (OTCQB: CANB)
cbdMD (NYSE: YCBD) expects its full year 2020 sales will double as it saw demand for cannabis CBD soar during COVID-19, as consumers sought ways to achieve recreation and relaxation. Cronos Group (NASDAQ: CRON) introduced new products and Mike Gorenstein, CEO of the Cronos Group, said the company is “making progress against our strategy across our global footprint.” Canopy Growth Corp. (NYSE: CGC) has established a digital site in the U.S., and analysts say it plans to expand its cannabis 2.0 offerings into product lines such as cannabis-infused beverages. GW Pharmaceuticals (NASDAQ: GWPH) reported growth of 68.4% in Q2 2020 and analysts are predicting the company will become profitable. Can B Corp. (OTCQB: CANB), a diversified health and wellness company, remains enthusiastic about its performance — citing its strong gross margins of almost 77%.
Can B Corp (OTCQB: CANB) Seen As Well Positioned For Growth
Can B Corp’s. (OTCQB: CANB) Marco Alfonsi, CEO, said, “We believe we are well positioned with a diversified product line up , exclusive partnership with LifeGuard®, multi-channel distribution strategy, our R&D and production facility in Lacey, Wa., and our Green Grow Farms, a licensed hemp grow and and cultivation in New York. We remain enthusiastic about our business prospects and returning to growth mode. Given our strong gross margins of almost 77%, we feel confident in being able return to the position we were earlier in 2020 when our revenue growth outpaced our growth in expenses, as we achieved operating efficiencies. We look forward to continuing to share our progress with our shareholders.”
Can B Corp. (OTCQB: CANB) Comes In Various Proprietary Brands, Private Labels And Multi-Channels
Can B Corp. (OTCQB: CANB) offers proprietary licensed brands such as white labels, private labels through third parties and distribution through various channels such as retail, professional (physician), direct sales through its website and sales through subsidiaries. This health and wellness firm is an emerging growth company.Cannabis Financial 2020 Reports From Leaders Shows Strong Future: Cronos Group (NASDAQ: CRON), Canopy Growth Corp. (NYSE: CGC), GW Pharmaceuticals (NASDAQ: GWPH), cbdMD (NYSE: YCBD) And Can B Corp. (OTCQB: CANB).
It markets products such as drops/tinctures, oils, creams, moisturizers, chews, isolate, gel caps, concentrates and more. Its diverse proprietary product lines are available under license, private label and branded labels. Cannabis Financial 2020 Reports From Leaders Shows Strong Future: Cronos Group (NASDAQ: CRON), Canopy Growth Corp. (NYSE: CGC), GW Pharmaceuticals (NASDAQ: GWPH), cbdMD (NYSE: YCBD) And Can B Corp. (OTCQB: CANB).
A ‘Pipeline Of Opportunities’
Marco Alfonsi, CAN B’s Chief Executive Officer, said, “Our pipeline of opportunities remains strong highlighted by our exclusive license agreement with Lifeguard Licensing Corp. for the use of the well known LifeGuard brand name and logo for a host of products that will include CBD and non-CBD formulations and our Can B Superfood line. Our team also remains focused on expanding the availability of our Pure Leaf Oil and Canbiola CBD brands, as exemplified by our recent agreement with United Grocery Outlets.”
Can B Corp. (OTCQB: CANB) Provides CBD Products Under Multi-Channels
Can B Corp. (OTCQB: CANB) is a health and wellness company providing CBD products under the brands Canbiola, Seven Chakras, NuWellness, Pure Leaf Oil and Duramed. It markets to multi-channels including medical offices, doctor’s offices, retailers, online and direct.
Source: Stock Market Press
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