Marijuana stocks are making a sharp rebound.
Leading is the way is a New Age Farms (CSE:NF; OTC:NWGFF).
New Age Farms is a grower hemp-derived CBD extracts and distributes them through its wholly-owned subsidiary, We Are Kured.
Kured is a brand of hemp-derived extracts and the vape products to deliver the extracts.
New Age Farms announced this week it has completely sold out of its inventory of Kured vape pens, that its Kured vape products can now be found in more than 100 marijuana dispensaries, and it has reached a point in its growth cycle which will allow it can bring manufacturing in house.
Benjamin Martch, the Chief Marketing Officer of New Age Farms, said, “Kured is a relatively new company in the CBD industry, we are extremely pleased with how quickly the second-generation pens sold out and are eagerly looking forward to the arrival of new pens next week."
This news combined with the rebound in marijuana stocks sent New Age Farm shares from C$0.05 share this week to a close on Friday of C$0.125, a total gain of 150% in the week.
The success of Kured vape products and New Age Farms’ stock performance reflect the sizeable and growing opportunity in vaping, CBD extracts, and other marijuana-related products.
If you wonder “what’s next” for marijuana, look at companies moving towards end retail products for the biggest growth as the entire legal marijuana matures.