Investors Warm Up to This Sector As Major Catalysts Come Into View (RLBD, CGC, TLRY, ACB, CMPS)
By: AB Newswire
August 16, 2022 at 05:02 AM EDT
As psychoactive substances gain traction with regulators, companies in the space are seeing an influx of investments. Some companies have made major announcements this summer that could lead to catalytic events in the coming weeks. Investors should start research today on the following companies.
Real Brands Inc. (OTCQB: RLBD) recently announced a major LOI to acquire all the assets of Boulder Botanicals & Biosciences Laboratories, Inc. (Boulder Botanical). The acquisition will include Boulder Botanical’s brands, IP, distribution and 27,000 sq. ft. R&D and production facility in Golden, Colorado. The formal closing is expected soon and could be a major catalyst.
The acquisition will give RLBD:
Investors have started to learn about this potential closing and RLBD stock is starting to come to life. Start your research today before the next event potentially sends the stock flying. Investors are warming up to the sector.
Even with a poor earnings report, Canopy Growth (NASDAQ: CGC) shares have jumped from less than $2.50 per share to over $3.50 per share in the past month. Up 6.5% in the past 5 days, investors have looked past earnings and are bullish on the sector, which could benefit RLBD much like it has Aurora (NASDAQ: ACB) pushing the stock up 8.48% in the past five days and Tilray Brands (NASDAQ: TLRY) which is up to over $4 per share after spending most of the summer around $3.
Other companies in the psychoactive space have seen impressive growth between July and August COMPASS Pathways (NASDAQ: CMPS) popped from $12 per share to over $20 per share to start August. This despite having its target price lowered by investment analysts at Cantor Fitzgerald from $58.00 to $35.00 and less drastically by Citigroup from $49.00 to $46.00 while still maintaining a “buy” rating on the stock. COMPASS Pathways plc (NASDAQ: CMPS) reported its financial results for the second quarter 2022 and gave an update on recent progress across its business. Highlights:
Investors are warming up to psychoactive stocks again, and companies like RLBD, ACB, CGC, TLRY, and CMPS should be squarely on your radar.
Start your research on RLBD here:https://capitalgainsreport.com/rlbd-best-way-to-invest-in-6-trillion-dollar-market/
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