Big growth expected for $CBD.u The Financial Post highlights why to invest in Hempfusion Wellness Inc. ( $CBD.u $ CBDHF ) in light of the pandemic.
Some highlights from the article:
- COVID-19 has increased consumer awareness of personal health which will continue to benefit wellness companies like $CBD
-There is a growing market for CBD-based products within the consumer packaged goods industry
- This market is expected to increase to $19.5B by 2025
-$CBD offers a wide variety of CBD and non-CBD through four separate brands.
- $CBD's FDA compliance-driven strategy has positioned the company to win a meaningful share of a rapidly growing category (espically once the FDA's CBD guidelines change)
$CBD expects to grow FY2021 revenue to between US$12.5M and $13.5M on a pro-forma basis with guidance for FY2022 of $20M to $25M with the main catalyst for this boost being $CBD's growth from 4,000 retail locations to 18,000.
Currently $CBD is trading at just $0.155 (3.3% up)
Read more here: https://financialpost.com/business-trends/meet-hempfusion-a-company-harnessing-the-power-of-whole-plant-nutrition