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Wednesday, October 28, 2020

Cannabis Sativa Inc (OTCMKTS:CBDS) Has Shareholders on Edge

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Cannabis Sativa Inc (OTCMKTS:CBDS) is one of the few cannabis stocks that is flat on the year at near $5.00 per share, shares were much higher in January trading as high as $9.50, but sold off in the first week of February telegraphing trouble ahead. Shares Thursday were testing the lows in a low volume decline, and are thinly traded and have shown they can move quickly in one direction.

It is a tricky stock to trade, but it gets deeper (most stocks do) as it matures. But as I said, this is one of the few cannabis stocks who have given some of the rally back in 2017.  In all it is higher since the election but has given back near 50% of this move with the flat 2017 trading. A look at the chart, and reviewing the recent news will help get a handle on this thin trader.

Cannabis Sativa Inc (OTCMKTS:CBDS) announced that it developed a “hi” branded infused honey product (hi honey) which is made from rich African honey and infused with CBD or THC. CBDS President David Tobias said that “the hi honey flavor is rich, dark and unique.” Mr. Tobias went on to express his belief that “superfood honey contains powerful compounds including probiotics and polyphenols, which could help fight inflammation and protect cells from damage.”

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$CBDS 10-Day Chart Below:

Pre-production packaging of the hi honey product will be available for sale this weekend at HempCon for consumer feedback. HempCon is America’s largest cannabis industry, health, life style, culture & music expo held in recently in San Francisco. Learn also about the Ibudtender official voting platform of 420 Freedom Fest, keeping the competition fair and equal. A mix of industry/patient judges and testing data determines the best products and strains in the California market. Every entry is tested for potency, pesticides, microbiology, residual solvents and terpenes to ensure product safety.

iBudtender unveiled its APP at the HempCon, Heart of Nature Fest,  and the company said, “We believe contains the highest standards in product safety for cannabis patients of any existing app”, said Cannabis Sativa Inc., President David Tobias.

The iBudtender APP features patient reviews, nutritional information, directions, warnings, local availability and more. Find a product based on your preferences, needs, symptoms or conditions, then order it locally for pickup or delivery. The B2B platform is designed to increase business as well as promote data sharing in an effort to help patients find the best and most effective products.

The company also announced it has entered into a license agreement for the manufacture, marketing and sale of the Company’s White Rabbit products in the State of California. The Company anticipates adding products to its California licensing agreement in the coming months. Moreover, the Company is seeking to engage additional licensees in states where medical cannabis is legal. They announced that it closed its acquisition of the White Rabbit brand of cannabis sprays and cannabis mints. The acquisition includes the exclusive and proprietary product formulations, product mixes, manufacturing methods and branding. The White Rabbit product line currently consists of fast acting low dose cannabis oral sprays and popular low dose cannabis mints. Both the spray and the mints are formulated as CBD only, THC only and CBD/THC blends. Dosage ranges include 2.5mg, 5mg and 10mg tablets and sprays with 1:1 and 20:1 variations of each.

The Company’s President David Tobias stated, “We are pleased with the White Rabbit product and are excited about the relationship being developed in the California market.”

Liquidity is a double edged sword as stocks can gap higher as easily as they can gap lower.  As an investor you want liquidity so the toll to enter and exit is not prohibitive, and stocks mature into this liquidity by executing and providing shareholders transparency and a return on their investment.

Most common shareholders are patient, and will stick with companies who tell the truth. Cannabis Sativa. Inc. (OTCMKTS:CBDS) CEO David Tobias has been transparent  through the initial move in the Cannabis sector, it will be important for shares to hold onto the current valuation to keep shareholders who have a lead on shares happy and in the mix. CBDS is a stock we will be watching over the next few weeks. For continuing coverage on shares of Cannabis Sativa Inc stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

 

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