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By Nancy R. Fernandez
The mainstream has seen a significant surge in CBD products since the Farm Bill’s passing in December 2018. Now, these products are available for purchase in retailers such as Walgreens, CVS, and Kroger.
According to predictions made by BDS Analytics, a cannabis market research firm based in Boulder, CBD sales should surpass $20 billion by 2024. So how do you take advantage of this boost by investing in CBD stocks? A Beginners Guide to Cannabis or CBD is a must-read before proceeding.
Here are seven top CBD stocks to buy for the remainder of 2021.
Tilray (NASDAQ:TLRY)
The IPO of Tilray hit $300 on an intra-day, which is very remarkable for a CBD stock and set the company up for an impressive start. In the case of TLRY, the rest of the road has been so smooth since it flew so high.
The Globe and Mail Opinion
Cannabis has been legal for almost three years. So why don’t we want to get high off Ottawa’s supply? Ben Kaplan Published April 17, 2021
DARRYL DYCK/The Canadian Press
Ben Kaplan is the editor of kind, a cannabis lifestyle magazine, and author of the forthcoming book High: The Rules, Stakes and Market Valuations of Canada’s Marijuana Wars
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My neighbour sells recreational marijuana illegally from her Instagram account and the trendy coffee shops and restaurants around our homes in Toronto’s west end. Before COVID-19, she sold edibles from the local hipster clothing and novelty stores, but when they closed for the lockdown, she pivoted, like any smart entrepreneur, to the businesses still generating foot traffic for takeout and delivery. Sometimes, when she uses social media to announce a shipment, a line forms at the entrance of one of her illicit partners and snakes down the block.
Aikido Pharma Inc. (NASDAQ: AIKI)Penny Stocks To Watch #1: Havn Life Sciences (OTC: HAVLF) (CSE: HAVN)
Many of these psychedelic-focused companies are working on R&D., But few of them have notable names that helped carve out prior âfringe industriesâ like cannabis. In Havnâs case, the former CEO of Aphria (NASDAQ: APHA), Vic Neufeld, sits as the Executive Chairman. Other Aphria alumni like Gary Long, its Chief Scientific Officer, was Aphriaâs former CSO. Other C-level members like Tim Moore and Eli Dusenbury were also part of the early cannabis boom related to public markets. Now, theyâve all taken positions at Havn.
Seelos Therapeutics (NASDAQ: SEEL)Penny Stocks To Watch With Strong Leadership: Havn Life Sciences (OTC: HAVLF)
I mentioned that some of the former trailblazers of cannabis got involved in psychedelics. Havn is one of the companies that fit the mold. While its management team comprises financial markets professionals like CEO Tim Moore and Eli Dusenbury, its makeup also includes names that were part of the early cannabis boom. For instance, Gary Long, its Chief Scientific Officer, was the former CSO at Aphria Inc. (NASDAQ: APHA)
Youâve also got the former CEO of Aphria, Vic Neufeld sitting as the Executive Chairman of Havn. Under his direction, Aphria became one of the top names in cannabis just as the industry was getting off the ground. Now these same people are getting behind the psychedelic boom and have chosen to take positions with Havn to do so.