4 Penny Stocks To Watch as Reddit Traders Are All Over The Cannabis Industry

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Stocks of cannabis companies trading in the OTC markets have seen jumps of 300%, 400% and more last year. This year cannabis penny stocks remain a favorite of the Reddit crowd, and their pot passion shows no signs of cooling off.

Medical Marijuana, Inc. (OTC: MJNA) announced today that its subsidiary  Kannaway® has opened a new office and warehouse in Warsaw, Poland.
The new 7,771 square foot warehouse is strategically positioned near the Warsaw airport and city center, making it easily accessible for employees and visitors. The facility allows Kannaway® to use the Polish Post, DPD, and UPS to ship its high-quality cannabidiol (CBD) products to more than 30 countries in Europe. The warehouse operations follow Hazard Analysis Critical Control Points (HACCP) and Good Hygiene Practice (GHP).

“Our company introduced CBD to the European marketplace. This new facility will allow us to further our growth while also improving our service levels,” said Kannaway® CEO Blake Schroeder. “This year is predicted to bring significant progress for positive cannabis legislative changes and we look forward to helping many countries that are establishing their cannabis and CBD markets by offering them safe, accurately-labeled products of the highest quality.”

According to Graphical Research, the European CBD market size surpassed $1.9 billion in 2020 and is estimated to witness over 33.5% CAGR from 2021 to 2027.

American Premium Water Corporation (OTC: HIPH) announced last month that CaliBear CBD products are now available for sale on Seamless, a subsidiary of GrubHub, a national food and beverage delivery application. CaliBear CBD products will be available throughout Manhattan on Seamless/GrubHub applications via East Village Farm and Grocery, which will also have CaliBear CBD products available for sale on site, located at 69 2nd Avenue, New York, NY 10003.

The agreement with East Village Farm and Grocery allows for over 1.6 million people to have access to CaliBear CBD products throughout Manhattan via the Seamless and GrubHub delivery applications. The New York City food delivery sector represents 10% or $2.1 billion, of the total US food-delivery market. This innovative agreement is part of the Company’s focus on increasing distribution through traditional channels,  adding distributors in the Southeast US, and innovative agreements through its recent agreement with NFT4Play.

“Increasing our door count and distribution is the Company’s number one focus; as I previously stated, our goal is to have Company products available in over 500 stores by the end of Q2. We are working to close the year strong by adding more distribution channels and stores. We will continue to seek opportunities to grow revenues and increase shareholder value.  The Company continues to get closer to the launch of its new nano CBD infused and nano infused energy beverages, further increasing our product offering and in turn opening doors to more potential retailers. I will keep investors and the shareholder community apprised of new developments as we get closer to year end,” concluded Mr. Fishoff.

Last week, Cannabis Global, Inc. (OTC: CBGL) and Active Health Foods, Inc. (OTC: AHFD) announced the cannabis consumer brands to be included in their recently announced letter of intent to create a joint venture with the Hub Craft, a licensed and permitted Massachusetts cannabis cultivation, manufacturing, and retail company.

The proposed joint venture plans to bring the following Hub Craft brands into the California marketplace.

  1. Freeway Cannabis by Rick Ross
  2. Payton’s Place by NBA Star Gary Payton
  3. TRUTH34 brand via Paul Pierce, 10x NBA All-Star,, aka ‘The Truth’. The brand will include flower, vapes, bubble hash, pre-rolls, and edibles.
  4. Whoopi Goldberg’s brand “Emma & Clyde” to include pre-rolls, flower, vapes, and edibles from the health-conscious brand “Emma & Clyde”.

Under the terms of the proposed joint venture, Cannabis Global, Active Health and The Hub Craft will form a California corporation to enter the California cannabis marketplace. In addition to being granted exclusive licenses on all Hub Craft products, branding, and associated technologies for the State of California, the joint venture will be provided an option to purchase a 51% controlling position in Hub Craft anytime within nine months of the effective date of the joint venture for a price of $15 million.

American Cannabis Company, Inc. (OTC: AMMJ), a full-service business-to-business cannabis and hemp consulting solutions provider and licensed owner operator, recently announced that its proprietary potting mix, SoHum Living Soils®, was recently awarded an official certification from the Organic Materials Review Institute (OMRI).

OMRI’s mission is to provide the agricultural industry with peace of mind in knowing that quality materials are consistent and organic as a standard. This organization provided an independent review of SoHum Living Soils®, looking at each individual input that is intended for use in certified organic cultivation and production.

“This is a major achievement for the SoHum Living Soils® product line,” said Terry Buffalo, Chief Executive Officer for American Cannabis Company, Inc. “OMRI certification solidifies our soil product as a top-tier medium for cannabis cultivation. Being OMRI Listed® gives organic farmers a means to verify the credibility of our products, providing assurance that the highest quality ingredients are consistently utilized in soil manufacturing,” continued Buffalo.

SoHum Living Soils® is a fully amended, pH-buffered growing medium that will continue to disrupt the agricultural markets as a ‘Just Add Water’ super soil, acting to eliminate the human error element from cannabis and non-cannabis crop cultivation. Awarded the High Times S.T.A.S.H Award for “Best Potting Mix”, SoHum Living Soils® was created to combat complex cannabis cultivation strategies as it is a complete living soil that optimizes a plant’s genetic potential. Designed to be ready to use, SoHum Living Soils® is a complete and diverse solution for both indoor and outdoor cultivation, combining the best of modern science and agriculture with traditional expertise and farming practices. With this recent approval from OMRI, SoHum Living Soils® is now officially OMRI Listed® and appears on the OMRI Products Lists©.

When it comes to marijuana legalization, whether state level or federal, there are plenty of moving parts. One of the great things about so much happening is that each event is a potential catalyst for marijuana penny stocks.

Even the slightest glimmer of hope or smallest hiccup can trigger a big reaction in the stock market. Needless to say, as traders, you should be aware of micro-trends as they develop.

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