Hempfusion Wellness Inc. ( $CBD.u $ CBDHF ) is up again today! It's been a good week for them for sure.
COVID-19 has increased consumer awareness of personal health which will continue to benefit wellness and supplement companies like $CBD and help contribute to the growing market for CBD-based products within the consumer packaged goods industry.
In fact, this market is expected to increase to $19.5B by 2025.
One thing I like about $CBD is that they offer a wide variety of CBD and non-CBD through four separate brands. This includes one of their portfolio companies Probulin Probiotics which, based on my diligence, I could generate between $6-$15M in revenue.
As for their CBD-focused products, $CBD's FDA compliance-driven strategy has positioned the company to win a meaningful share of the market once the FDA's CBD guidelines change.
$CBD.u closed 7.14% up today at $0.15
MC is $24.531M
Lots of the DD I've done above was informed by this financial post article so definitely give it a read if $CBD is catching your interest: https://financialpost.com/business-trends/meet-hempfusion-a-company-harnessing-the-power-of-whole-plant-nutrition