This $.16 Cannabis Stock is About To Explode

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CLS Holdings (OTCQB:CLSH) is a vertically integrated cannabis producer and retailer offering high quality cannabis targeted towards a growing market. In February, CLSH saw a sudden upsurge when it increased 150% over only ten days after reporting excellent results for Q2. *Pause* But the company has even more room to grow considering that the cannabis industry is one of the few industries to be positively impacted by the pandemic.

CLSH performed well in the last quarter, reporting revenue of $1.9 million for July alone which is an increase of 104.1% compared to July 2019. With a gross margin of 50.4% and a 40.9% year-over-year increase in monthly revenue, the company is progressing on all fronts with considerable momentum.

A growth stock is a share in a business that’s expected to show above-average growth rate and earnings. Growth stocks have the potential to grow and generate earnings faster than the average stock in the market. However, growth stocks do accompany a few risks as they tend to be relatively volatile in comparison to other stocks in the market.

What is a Penny Stock?
A penny stock is the publicly traded stock of a small company that is valued for less than $5 per share. Penny stocks are usually traded on small exchanges and can be considered risky because of their low price, volatility, and small market capitalization.

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