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What’s Wrong With Cannabis Sativa Inc (OTCMKTS:CBDS)?

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In the last trading session, the stock price of Cannabis Sativa Inc (OTCMKTS:CBDS) declined more than 8% to close the day at $7.04. The stock has narrowed the strong gains posted earlier in this month. Yesterday’s decline came at a share volume of 299,031 compared to average share volume of 136,707.

The buzz

As per a report by Forbes, Brightfield Group estimates that Hemp-derived cannabidiol is all set to become a billion-dollar market in next three years. The cannabidiol market is a big part of the approved cannabis industry. Cannabidiol products don’t exhibits any psychotropic effects, and are traditionally used for medicinal purposes. Data estimates that hemp Cannabidiol sales have already touched $170 million in 2016 and at a CAGR of 55% over the imminent five years the market will surpass the billion-dollar mark. Cannabis Sativa, Namaste Technologies Inc (OTCMKTS:NXTTF), Phivida Holdings Inc (OTCMKTS:PHVAF) and 22nd Century Group Inc (NYSEAmerican:XXII) are the few firms in focus.

Bethany Gomez of Brightfield Group, stated that one of the most different things they saw during this research was the number of firms presently operating in the segment, and the way few of those firms are recording substantial revenue. Fundamentally everyone is trying to focus on hemp, but just a handful are able to do it well. It’s considered as easy because hemp can be sold online, however, with restrictions on conventional marketing, it is very tough to connect with core consumer and even state why they need company’s product.

22nd Century Group marks as a plant biotechnology firm with its focus on plant breeding and genetic engineering which enables the decrease or increase of the level of nicotine in tobacco crops and the level of cannabinoids in cannabis and hemp plants.

Post the recent decline, the market cap of Cannabis Sativa was noted at $150.5 million.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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