Cannabis penny stocks are up and down this morning on the CSE and TSXV. Yesterday, President Trump passed the 2018 Farm Bill. This piece of legislation is a monumental step for the cannabis industry and, more importantly, the hemp industry. One would expect hemp-related stocks to be up today, but that doesn't seem to be the case.
Today, we'll take a closer look at two cannabis penny stocks that are dominating the CSE.
CannAmerica Brands Corp. (CSE:CANA)
CannAmerica Brands is a newly listed cannabis company that is headquartered in Vancouver, British Columbia. The cannabis company owns a portfolio of brands in the medical cannabis and recreational cannabis space in the US. CannAmerica is licensed in the states of Colorado, Maryland, and Nevada.
The cannabis company focuses on building and maximizing the value of its brand by promotional material, branding, and marketing. The cannabis penny stock just recently announced that it has been cleared to trade on the OTC Pink Market. CannAmerica is now applying to the OTCQB Venture Market.
"We see this as an exciting step towards US investors being able to participate in what we see as a great American branded business," said Dan Anglin, CannAmerica Co-Founder and CEO.
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According to Yahoo Finance, CANA is currently trading at $0.70 a share, up +$0.16 (+29.63%). It remains among the few cannabis penny stocks that are trading green today.
DionyMed Brands Inc. (CSE:DYME)
DionyMed Brands is also among the few cannabis penny stocks that are trading green this morning. The cannabis company is headquartered in Vancouver, British Columbia. DionyMed operates as a cannabis brand and distribution platform. It sells a portfolio of branded cannabis products in the US.
The cannabis penny stock hasn't released any new updates in over two weeks, but its shares are rising rapidly. According to Yahoo Finance, DYME is currently trading at $3.66 a share, up +$0.85 (+30.25%).
Featured Image: Depositphotos/archerix
