CBD is gaining serious media attention in 2019, and CBD penny stocks are starting to benefit from it. 1933 Industries Inc. (CSE:TGIF) (OTCQX:TGIFF) made its debut at the Academy Awards Gift Lounge over the weekend. Today, the company announced a new partnership with an Ultimate Fighting Championship (UFC) contender.
1933 Industries Targets Celebrities
Over the weekend, 1933 products made an appearance at the WOW Creations Celebrity Gift Lounge. This lounge caters to the Oscar nominees and others involved in the event. Infused MFG, 1933's wholly-owned subsidiary, gifted Canna Hemp CBD Relief Cream and CBD Elixers.
Despite the celebrity exposure and announcement, the CBD penny stock hasn't seen any rise in its share prices from the glamorous event.
This morning, 1933 Industries released news that it has signed professional athlete and mixed martial arts MMA fighter Sarah Moras to a six-month celebrity sponsorship. The company is calling it a Canna Hemp sponsorship in which Moras will promote 1933's Action Sports division. In addition to this, the UFC fighter will represent the new Canna Hemp brand.
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CBD is a growing trend in the professional sports industry. Many pro sports leagues in the US have not allowed its athletes to use the product to manage pain and decrease inflammation. This is why CBD penny stocks have gained so much attention lately.
It seems 1933 Industries wants to capitalize on this trend and wants to use these celebrity platforms to gain more exposure—thus the potential for more profit.
“I am pleased to represent Canna HempX™. Training multiple times a day is exhausting and takes a toll on my body. With Canna HempX™ CBD, I am able to push harder, recover quickly and stay focused longer,” said Moras.
CBD Penny Stock Movement
At the time of writing, TGIF isn't currently seeing any stock movement. On the OTCQX, TGIFF is currently trading at $0.427 a share, up +$0.007 (+1.67%).
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