By now, many growth investors understand that the hemp industry is exploding. In fact, this emerging market will have a value of nearly $23 Billion in the next 4 years. As with any young and explosive market, savvy investors will profit by betting on winning companies. Investors are clamoring to find the next best hemp stock investment for both immediate and long term gains. Denver-Colorado-based HempFusion Wellness, Inc (OTC: CBDHF) is one of the biggest up and coming names in the hemp-derived cbd industry. In fact, this hemp stock has soared over 200% since we first recommended it as a strong buy back in January of this year. Many investors favor HempFusion – but is this hemp stock still a buy?
HempFusion is a Colorado-based health and wellness company specializing in full-spectrum CBD hemp product formulation and distribution. But is this hemp stock a buy? Let’s take a deep dive into the fundamentals to see if this is a cannabis stock to add to your portfolio.
HempFusion Fundamentals
Profile
HQ: Denver, Colorado, USA
Incorporated: 2015 in Georgia, USA
Symbol: CBD (TSX) CBDHF (OTC)
HempFusion Focus: Neutral
HempFusion is a hemp-derived CBD company. They manufacture and distribute their health-based products to over 3,000 retail locations. Management comes from a regulatory background so many of their products have regulatory approvals that their competitors do not.
HempFusion Markets: Strong
Secondary: Canada, South America, Europe
Majority Subsidiaries: Probulin Probiotics
Company Operations: Neutral
Cultivation:
Current production: None
Future capacity: None. They will source their CBD from Europe which ensures it is 100% USDA organic.
HempFusion Management: Strong
Co-CEO: Jason Mitchell
Co-CEO: Ian Dequeiroz
CFO: Bruce Valentine Jr.
CRO: Jon Visser
CMO: Ola Lessard
Management has very strong product development experience (Jason Mitchell) as well as strong financial experience. The team led Organigram, Emblem Cannabis, and The Green Organic Dutchman in Canada. This is one reason they originally listed in Toronto. Since then, HempFusion has been absolutely crushing on the OTC.
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Company Branding: Strong
Their CBD brands are HempFusion Energy, Mind & Body, Sleep, and Stress. They also have an OTC approved line of topicals, creams, and ointments. The OTC designation means they can actually make health claims (pain, acne, etc) which is a substantial distinguishing factor from their competitors. They also have the probiotic brand, Probulin, a line of health-focused dietary supplements.
Company Financing: Strong
The company has around $18 million in cash on hand and reports no debt. Recent investments from RADD Capital also give them additional access to capital if needed.
Risks of Investing in this Hemp Stock: Low
The risks of investing in any cannabis or hemp company are currently high given the newness of the market. Given their strong brands, cash on hand, and regulatory prowess, these risks are minimized.
Bottom Line: Is HempFusion Hemp Stock Still a Buy?
Recommendation: Strong
Remember, Cannin.com has over two years of successful stock picks. In fact, 78% of our picks prove to be true within 30 days or less.
HempFusion Wellness, Inc. is a promising CBD company with a robust health and regulatory background.
Their strong regulatory experience also will come in handy with OTC listed products as they can make health claims – something HempFusion’s competitors cannot do.
They’ve reported over $18 million in cash, with no debt, which is always a good sign. Cannin.com first recommended this hemp stock back in January when it was trading at only $1.00/share. It’s now up over 200% and we believe it will continue to soar. Because of this, Cannin.com believes this is a strong hemp stock investment opportunity for 2021.
Don’t miss this opportunity!
HempFusion: Is this Hemp Stock Still a Buy?
Cannin Investment Group: Your Hemp Stocks Experts
Cannin.com is your trusted resource for top hemp stocks. Our team of financial experts evaluates all emerging hemp stock investing opportunities. We aggregate hundreds of hours of market research to provide tips on the best hemp stocks for 2021.
Use Cannin as your resource for:
- Cannabis and hemp stocks & investing news
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