This is Why Cannabis Science inc Is Bottoming Out
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Why Cannabis Science Inc (OTCMKTS:CBIS) Is Bottoming Out

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Cannabis Science

Shares of Cannabis Science Inc (OTCMKTS: CBIS) are looking to bottom out, from one-year lows, after a roller coaster first quarter. The stock has had to contend with wild swings since the start of the year.

After starting the year on a roll and rallying by more than 50%, the stock did succumb to bearish pressure consequently plunging to the $0.03 level.

CBIS Catalysts And Price Analysis

With the stock having taken out the $0.04 level, it might as well have hit the floor and due for a correction higher as a bounce-back play. Some of the catalysts triggering a rally from current lows is the confirmation that the company is expanding its footprint into Canada.

In the recent past, the company has also confirmed the formation iCannabinoid Ambassadors Program. The program is geared towards expanding the company’s footprint and supporting the development of initiatives into new markets.

Cannabis Science has also confirmed plans to expand the scope of its sponsored research in Nigeria to address the potential use of CBD to treat neurological conditions such as Post Traumatic Disorder.

A bounce back from the $0.03 level could as well signal revitalized investors sentiments in the wake of recent developments. After the recent bounce back, the $0.05 is the immediate resistance level standing in the way of the stock edging higher from current lows.

CBIS Daily Chart

Cannabis Science needs to rally and find support above the $0.05 mark if it is to stay on track to correct higher after crashing in recent months. For the stock to turn bullish as a long-term play then it will have to rally and takeout the $0.06 resistance level.

What Does Cannabis Science Do?

Cannabis Science with its subsidiaries is engaged in the development, production, and commercialization of phytocannabinoid-based pharmaceutical products. The company is currently working on cannabis-infused products for addressing autism, blood pressure as well as cancer among other illnesses.

Canada Expansion

Shares of Cannabis Sciences have started bottoming out on the company announcing plans to expand into Canada in pursuit of opportunities for growth. The company has since confirmed the formation of Cannabis Science Canada, a wholly owned subsidiary, tasked with pursuing opportunities in Canada.

With the new subsidiary in place, the company has already begun negotiations for Canadian land where it plans to launch cannabis cultivation and production operations. The company is also pursuing relevant licenses.

“We currently have a number of very important research and drug-development initiatives underway in the U.S., Europe, South America, and in Sub-Saharan Africa. As we expand into Canada, the Company can leverage these opportunities in order to rapidly grow our business model in Canada and begin releasing our exciting product lines,” stated CEO Raymond Dabney.

Dabney expects Canada to be an important market for Cannabis Science in the wake of recreational use legalization. In addition to selling cannabis products, the company is also planning to engage in cannabis research and drug development activities.

iCannabinoid Ambassador Program

Expansion into Canada into Canada is not the only thing working for Cannabis Science. The company has since confirmed the formation of iCannabinoid Ambassador Program whose members are tasked with the responsibility of expanding the company’s footprint into new markets.

Each ambassador under the new program will be designated an area of interest and expertise to help educate the public about the company’s initiatives. The core objective with the new program is to take advantage of the consortium of partnerships and licensing programs for patents as well as other product development initiatives.

Patent Licensing

Cannabis Sciences has already opened discussions as it seeks to license its U.S Patent for the composition of cannabinol for treatment of various Neurobehavioral Disorders including sleep disorder and PTSD.

“There are so many products we are developing for current market conditions for sleep deprivation, anxiety, PTSD, and many more neurological conditions. […]Our formulations, product testing, and manufacturing and packaging will be split between several facilities in the United States and Canada,” added Mr. Dabney.

Bottom Line

Cannabis Science has had to contend wild price swings in recent months after starting the year on a roll and then coming under pressure. Recent price action activity indicates that the stock has hit bottom and due for a correction higher.

The company has already served a number of catalysts starting with the expansion into Canada as well as plans to develop new CBD therapies for addressing various medical conditions that continue to prop market sentiments.

For those looking for a bounce-back play with a good risk/reward setup, CBIS is worth a look.

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Disclosure: We have no position in CBIS and have not been compensated for this article.

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CBD Stocks

This Is Why CV Sciences Inc (OTCMKTS: CVSI) Is Rated As A Buy

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CV Sciences

CV Sciences Inc (OTCMKTS: CVSI) has lost its spark after a massive surge in the first quarter. The stock is back to where it started the year at, on the upswing losing its momentum. Price action activity has so far remained subdued in a tight $6.30 to $4.20 trading range.

CV Sciences Price Analysis

While the subdued market activity is a point of concern, CV Sciences has continued to fire on all angles when it comes to operational efficiency. Double-digit revenue growth supplemented by gross margin expansion are some of the developments that affirm a company doing well when it comes to execution of its growth strategy.

The Company has also expanded its distribution network into Food, Drug, and Mass channels as the race for accelerated sales growth continues to heat up. Amidst the developments, the stock has continued to edge lower as investors trust continue to edge lower.

CVSI Daily Chart

The recent plunge has exposed the stock to a critical support at the $4.20 level. Above the critical support level, CV Sciences remains supported for further upside action as has been the case in the recent past. Conversely, a breach of the support level could result in the stock plunging further as part of the emerging downtrend.

A rally followed by a close above the $6.30 level, on the other hand, could open the door for the stock to power higher in continuation of…

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CBD Stocks

Charlotte’s Web Holdings Inc (OTCMKTS: CWBHF) on Track for a Record-Breaking Year

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Charlotte's Web Holdings

Charlotte’s Web Holdings Inc (OTCMKTS: CWBHF) is on course for a record-breaking year and continues to live up to much of the expectations as one of the best stocks in the cannabis sector.

Investing in a leader of one of the rapidly growing industries across the globe makes for a significant opportunity. Investing early makes it even better. Charlotte’s stock is a leader in the US CBD market and currently trades on the CSE market in Canada and the OTC in the US.

Charlotte’s Web Holdings Price Analysis

The stock has been climbing up in the charts lately (especially the start of this year) transforming into a leader and one of the market’s most active pot stocks.

CWBHF price today.

It’s fair to say that Charlotte’s price has been relatively up and down in the past month, but it’s now getting the moment up again slowly but surely.

The company is striving to meet the ever-growing CBD product demand, and as it stands, the stock is trading at $15.30. Charlotte Web Holdings is well positioned to get on climbing the ladder given the current strength of the upward momentum.

Charlotte’s Web Holdings Brief Review

Charlotte Web is the market share leader in the hemp-derived CBD extract products. It boasts a robust pipeline of products in tinctures, capsules as well as topical products. The…

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CBD Stocks

CV Sciences Inc (OTCMKTS: CVSI) Is The Best Bet Among CBD Stocks

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CV Sciences

CV Sciences Inc (OTCMKTS: CVSI) is one of the best known CBD stocks trading on the OTC Markets. The company makes a popular form of chewing gum and its CBD oil is currently the highest-quality top-selling brand, with an excellent reputation for product safety and efficiency.

So far this year, this popularity has not translated into a top-performing stock. For most of 2019, CVSI has been range-bound, whereas in 2018 we saw the stock run from $1 to $9 in just 4 months. Investors are now asking if we are going to see another explosive move this summer?

CVSI Daily Chart

CVSI Background

First up, here’s a little background info for those of you that aren’t familiar with CVSI. CV Sciences, Inc. operates two distinct business segments: a consumer product division focused on manufacturing, marketing and selling plant-based CBD products to a range of market sectors; and a drug development division focused on developing and commercializing novel therapeutics utilizing CBD. The Company’s PlusCBD Oil™ is the top-selling brand of hemp-derived CBD on the market, according to SPINS, the leading provider of syndicated data and insights for the natural, organic and specialty products industry. CV Sciences, Inc. has primary offices and facilities in San Diego, California and Las Vegas, Nevada.

Deloitte & Touche LLP As Auditor

The big expectation we have here at MJ Global Report is that CVSI is going to uplist to NASDAQ. This…

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