This story originally appeared on Best Stocks.
Source Link: https://beststocks.com/cnnc-stock-should-you-buy-it/
Cannalau Corp. stock
Healthcare is the next trillion-dollar industry after data and commerce. The legalization of cannabis has created a huge new industry that is primed for growth. The legal cannabis market was worth $8 billion in 2020, with analysts predicting a 25% growth per year over the next few years. However, the cannabis industry is still new, and a lot can go wrong when investing in such a high-risk venture. This was the case of CNNC stock that peaked at $14 on April 5 and collapsed to $2.58 just a few days later.
The price rollercoaster experienced by CNNC stock is certainly due to volatility: investors who know how to navigate the complexities of these new markets stand to make huge profits. If you want to invest in cannabis stocks, it’s important to research and understand all facets of investing in them.
To this collapse, the company has reacted by proving that key players in the market are very interested in their product. “Each day, we receive requests for samples from the right doctors, researchers, and publications in an attempt to help the public gain a better understanding of the benefits of CBD.” Right after, they’ve even partnered with the United States Department of Veterans Affairs, which has been conducting a clinical trial for CBD’s potential benefit to people who have PTSD, providing them with “unlimited supplies of CBD for a limited time.” All these efforts, however, haven’t fully convinced investors, with the CNNC stock losing price.
Is CNNC stock a buy?
Even though CNNC stock forecast is looking good with an almost 700% increase of its price expected for 2026 (0.852 USD), analysts believe that CNNC stock has lost momentum and is not a good short-term investment. This is mainly due to the market’s volatility where Cannonau operates: the CBD industry is highly speculated with the regulation strongly impacting prices.
CNNC stock looks like an excellent long-time investment (not less than seven years, some analysts say). That is because Cannalau Corp. aims to educate people on the different ailments CBD can be used for and how it can help them. As a result, Cannalau Corp is creating a real demand for its products that will benefit CNNC stock in the coming years. In addition, their staff does extensive research before putting their products on the market to provide their customers with the safest and most effective products. CNNC stock may have a promising future also due to the fact that Cannalau Corp. CBD strives to be a great provider for their customers, so they take great care in creating their products, ensuring that they have quality ingredients and are safe to use.
The Cannalau Story
Cannalau Corp. is a CBD company that has been around for the past 20 years. They have been working to provide consumers with high-quality CBD products and educate them on CBD and its benefits. Cannalau Corp. is committed to ensuring that its customers have access to the best products and information to help them make the best choices for themselves and their families. Cannalau Corp. also supports and participates in various medical research studies, helping patients and doctors learn more about treating specific ailments with CBD.
Cannalau Corp.’s story starts with their founder Chris Barnum, a native from North Idaho. Chris is a medical marijuana patient who was skeptical at first about marijuana until a friend talked him into trying a joint, which changed his life.
Chris could have survived on beer and cheese as a former professional fisherman, but he went in the other direction and realized that beer and cheese just wouldn’t cut it anymore. So after experimenting with marijuana and hearing how others were using it to stay in shape, he decided to try a CBD tea and was blown away by the effects.
Shortly after he tried this CBD tea, Chris was having severe stomach problems and began noticing an increase in his appetite.
All of Cannalau Corp. CBD’s products are made with high-quality ingredients, so you can be sure they are using the most effective products for any ailment you may have.
The company follows a franchisee model, products are available online and at several locations across California. All Cannalau Corp. products are certified, non-GMO, vegan, and hemp-derived and made from 100% pure; real CBD extracted from organically grown hemp plants.
Cannalau Corp. products contain 0% THC and are derived from hemp grown and processed in an environmentally friendly and state-licensed agricultural environment.
Cannalau CBD products are infused with CBD and infused with botanical extracts that have various effects on the human body.