The CBD industry has emerged as one of the more talked about sectors for investors and it is easy to see why considering the potential growth.
All those who might be looking for viable CBD plays could consider tracking the Minerco (OTC: MINE) stock at this point. On Friday, the stock surged by as high as 26% and it could be related to a key CBD acquisition that the company made earlier this month.
Back on March 14, Minerco announced that it completed the acquisition of the white label CBD firm WLCCO Inc. It is a significant acquisition considering the fact that WLCCO generates around $2.5 million in the form of yearly revenues. It is a strategic investment from the company and also includes the target of raising psilocybin tablet production to as many as 1 million tablets on a daily basis. In light of the latest gains, it would be interesting to see if the stock continues to gain on Monday.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life