Empower Clinics (CBDT.CN) Doubled Last Week on Sudden Optimism

Companies that are involved with products that are meant to tackle the coronavirus pandemic have often found their stocks recording considerable gains.

One such stock is Empower Clinics Inc  (CBDT.CN) that soared by as high as 100% last week after a major announcement from the company. Back on February 11 the integrated healthcare company announced that it managed to get the Medical Device Establishment Licence that will allow it to sell kits for the KAI Medical COVID-19 Saliva Test.

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It goes without saying that it is a major development for the company and the rally in the stock did not come as a complete surprise. The product in question has been approved by the EUA as well as the United States Food and Drug Administration. It has also been awarded the coveted CE Mark. It remains to be seen if the Empower Clinics stock can continue to add to its gains on Monday.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.