$CBD up after achieving GRAS status HempFusion Wellness Inc./ $CBD.u closed in the green 4.17% today!
This does not come as a big surprise considering a few days ago the company announced that its proprietary CBD extract product achieved Generally Recognized as Safe (GRAS) status.
Only a select few highly responsible CBD companies have achieved GRAS status so $CBD expects this to drive significant incremental revenue growth at the retail level.
This is because retailers are more eager to buy from compliant companies. GRAS status displays that $CBD is more compliant than others companies without the status, making their products more attractive to retailers.
Full press release here: https://ca.finance.yahoo.com/news/hempfusion-cbd-exclusive-partnership-verdant-120500743.html
$CBD.u at $0.125/share, MC $20.443M
(Alt. symbol $CBDHF)