CV Sciences is a manufacturer and supplier of hemp-based phytocannabinoids such as CBD oil to the beauty care, pet care, nutraceuticals, specialty beverage, and functional food sectors. It is also a maker of pharmaceutical therapeutics. Formerly known as CannaVest, CV Sciences reported impressive growth and profitability this year that has demonstrated the power of its products and brand recognition with the CBD oil industry. The company PlusCBD product line is well positioned for mainstream approval and expanded distribution as the health and wellness sector continues to embrace CBD standardization and commercialization. CV Sciences recently increased its retail store count to 1968 organic health food stores, making it one of the world’s largest CBD oil companies.
CBD American Shaman is a producer of high-quality hemp oil that contains high amounts of CBD. The company has emerged as one of the largest companies in the CBD oil market owing to its dedication to move CBD out of the typical vape stores and smoke shops and to use CBD for bringing wellness to the world. American Shaman’s CBD oils are made from natural and organic industrial hemp that contains no GMOs, heavy metals, or insecticides and are 100% gluten-free. Its products include hemp oil for pain relief, CBD and terpene rich hemp oil tinctures, skin care products, and canine and feline hemp oil, and they contain high amounts of cannabidiol and natural pure CO2 extracts.
CBD American Shaman
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By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in Village Farms International, Inc. (NASDAQ: VFF) worth roughly $35.5 million. This is compared to 6 hedge funds in the previous quarter with stakes worth about $29.8 million.
In May, Cantor Fitzgerald analyst Charles Duncan maintained an Overweight rating on Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) and increased the price target to $8 per share from $6 previously. According to the analyst, Zygel, the company's transdermal CBD medication is headed to a more recognizable path to being used as a medication for Autism Spectrum Disorder and Fragile X Syndrome.
Just like Jazz Pharmaceuticals plc (NASDAQ: JAZZ), Tilray, Inc. (NASDAQ: TLRY), Cresco Labs Inc. (OTC: CRLBF), and Curaleaf Holdings, Inc. (OTC: CURLF), Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE) is one of the best CBD stocks to invest in according to market analysts.
The company has a market cap of $1.51 billion. In the first quarter of 2021, Sundial Growers Inc. (NASDAQ: SNDL) had an EPS of -0.00, beating estimates by The company has a market cap of $5.1 billion. In the second quarter of 2021, Innovative Industrial Properties, Inc. (NYSE: IIPR) had an EPS of $1.05, beating estimates by OrganiGram Holdings Inc. (NASDAQ: OGI) stock increased 2.38% in the last five days after the cannabis company published solid Q3 results, including a 31% increase in gross revenue and a 13% increase in net revenue year over year. On July 14, CIBC analyst John Zamparo reiterated a Neutral rating on OrganiGram Holdings Inc. (NASDAQ: OGI) and increased the price target to C$4 per share from C$3.75 previously..09. The company's first-quarter revenue came in at $42.8 million, increasing 103% year over year and beating estimates by $1.22 million. The company acquired four properties in the second quarter in Pennsylvania, Michigan, and Massachusetts. As of July 6, Innovative Industrial Properties, Inc. (NYSE: IIPR) owned and leased 72 medical marijuana facilities across 18 states in the US. Shares of Innovative Industrial Properties, Inc. (NYSE: IIPR) increased 17% in the last three months..01. The company's gross cannabis revenue was $11.75 million in the first quarter, down 29% year over year. Sundial Growers Inc. (NASDAQ: SNDL) has gained over 72% year to date.
8. Sundial Growers Inc. ( NASDAQ: SNDL )
Innovative Industrial Properties, Inc. (NYSE: IIPR) ranks 6th on the list of 10 best CBD stocks to invest in. The San Diego-based company is a real estate investment trust (REIT) that manages medicinal cannabis facilities in the United States.
Number of Hedge Fund Holders: 8
At the end of the first quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $192 million in Innovative Industrial Properties, Inc. (NYSE: IIPR), down from 23 in the preceding quarter worth $317 million.
10. OrganiGram Holdings Inc. (NASDAQ: OGI)
On the other hand, RBC Capital analyst Daniel Busby maintained an Outperform rating on Jazz Pharmaceuticals plc (NASDAQ: JAZZ) on July 23, increasing the price target to $216 per share from 190 previously. The analyst stated that the company's FDA-approved Rylaze for acute lymphoblastic leukemia and lymphoblastic lymphoma treatment is a potential growth driver. Shares of Jazz Pharmaceuticals plc (NASDAQ: JAZZ) increased 6% in the last three months and gained 52% in the previous year.
Sundial Growers Inc. (NASDAQ: SNDL) ranks 8th on the list of 10 best CBD stocks to invest in. The Calgary-based cannabis company commercializes adult-use cannabis products in Canada and makes loans to other marijuana companies. In May, Sundial Growers Inc. (NASDAQ: SNDL)