Marijuana Companies Among Most Explored Penny Stocks

penny-stocks.jpgA couple of cannabis companies were included in the recent list of most explored penny stocks, compiled by investment news organization Street Newswire. The marijuana companies were Cannabis Sativa, Inc and Creative Edge Nutrition, Inc.

Cannabis Sativa, Inc (CBDS – OTCBB), touting itself as a “hi” brand, now has three of its signature products retailed in 15 locations in Washington State. The brand got brisk initial wholesale demand just within the first two weeks of introducing its products to the market. The company was trading at $6.80, lower by -6.21%. But in a recent session, around 14,489 shares of the company have changed hands. The company’s stock then opened at $7.12 and hit as high as $7.12. However, over the last twelve months, its stock went between $0.72 and $18.00.

Meanwhile, Creative Edge Nutrition, Inc (FITX – OTCMKTS) also received its share of negative press in the recent weeks. But things may now be turning for the better, starting with the company’s announcement that it will be spinning off its subsidiary CEN Biotech into a completely audited, standalone entity. As of December 12, the company sees the rise of its shares, with a 1.57% gain to %0.0194. In the recent session, around 1.28 million shares changed hands compared to the average trading volume which is at 49.87 million shares.

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