Since America passed the 2018 Farm Bill, CBD stocks have skyrocketed. By legalizing hemp farming, the updated bill, effectively, kick-started a multi-billion dollar industry. Utilizing hemp for CBD (cannabinoid) has become a priority for wellness and recreational brands because demand for CBD-infused products is simply booming.
There is a myriad of cannabis-related companies out there. So what CBD stocks should you focus on? Today on the market, TGIF is soaring, so it should peak investor interest. The company behind the stock, 1933 Industries, looks set to capitalize on the burgeoning hemp-derived CBD industry.
CBD Stocks: 1933 Industries
Flying high on the charts today, 1933 Industries (CSE:TGIF) (OTCQX:TGIFF) is a Canadian company with cannabis and hemp-based assets in Las Vegas, Nevada. The company also runs a cannabis advisory division to offer clients support in areas such as security, intelligence, and legislation.
At the time of writing, this CBD stock is soaring. Up 12% and trading for $0.56 CAD on the CSE, the bullish increase makes TGIF stock one to watch.
1933 Industries Expands
1933 Industries is expanding across the US with its subsidiary, Infused MFG. Infused MFG distributes hemp-based CBD-infused wellness products in 46 states. Significantly, it has a firm stronghold in California and Nevada, America's two biggest states for the sale of cannabis and cannabis-related products.
All-in-all, 1933 Industries has over 600 stores across the US where it now distributes its brands.
1933 also has an established e-commerce presence. Working behind it is a dedicated sales and marketing team, who work directly with each retailer and distributor to provide the best relationships between clients and customers.
>> Marijuana Penny Stocks Rise: Westleaf Inc Up 115% Since Debut
Chief Operating Officer, Chris Rebentisch, said the following:
"Owning our distribution is key to our growth strategy and to our success, ensuring that our branding and messaging is properly delivered."
Award-Winning CBD Stocks
Showing its popularity, 1933 is also winning awards for its products. Its own brand Canna Hemp X's Recovery Cream and Relief Cream have both been voted the best in their class for CBD topical pain-relief according to the opinions of Herb and Leafly.
Is TGIF a CBD stock favorite of yours? Investors are jumping on this stock after hearing of its expansion, but what do you think?
Featured Image: Depositphotos © Omstudio
