Empower Clinics (CBDT.CN) Slumps 75% Quickly: Should You Catch a Falling Knife?

The Empower Clinics Inc (CBDT.CN) stock has had a bit of a rollercoaster ride so far this year and it could be a good time for investors to perhaps take a closer look at the company.

Over the course of the past two weeks, the stock has declined sharply and gone down by as low as 70%. However, at the same time, it should be noted that the Empower stock is still up by as high as 130% in 2021 so far.

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This past week, the company also reported that through the exercise of warrants, there has been a lot of infusion of fresh capital into Empower. Since as far back as December 14 last year, the company has received as huge as $5 million due to the exercise of warrants and that has brought the total figure to $10.5 million. The fresh capital is going to help the company’s efforts to go for a nationwide rollout of its clinics in Canada.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.