Cannabis stocks and LifeVantage (LFVN) with the 3.5% diviAside from the popular cannabis stocks CGC, ACB, TLRY, CRON, etc. there is LifeVantage (LFVN) that produces hemp-derived CBD personal care products among its offerings.
LFVN is an undiscovered company from the Nasdaq with zero debt, a good dividend, cash and very low key multiples, because its Enterprise Value now is only 0.2 times its annual revenue and 2.5 times this year's estimated adj. EBITDA of $12 million (see guidance):
LFVN's Quarterly Report Here is the excerpt from the annual report about LFVN's CBD products:
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We launched new hemp-derived CBD personal care products during fiscal year 2021. Our CBD products are derived from hemp as defined in the 2018 Farm Bill. Continued development of CBD-related industries is dependent upon continued legalization of CBD-related products at the federal and state levels, and a number of factors could slow or halt progress in this area. In addition, the manufacture, labeling, and distribution of our CBD products are regulated by various federal, state and local agencies."