Shares of Cannabis Sativa Inc (OTC BB: CBDS), a consumer discretionary stock, has experienced an upward share price momentum after rising more than 1300% on strong marijuana industry developments and various acquisitions during this year so far. The shares of the company rallied more than 8% during each of the past two consecutive trading days with significant number of shares exchanging hands. In the last trading session, CBDS was among the top gainers in the U.S. consumer goods industry after climbing 13.2% and closing at $10.75 while recording huge volumes of 317,643 shares. During the past 5-trading sessions, the stock powered 32.7% higher with daily average trading volumes of 73,207 shares. The stock rallied over 87% during the past one month recording significant daily average trading volumes of 56,069 shares. During this year so far, CBDS has been the strongest performer after rallying 1333.3% on the back of certain acquisitions. On July 1, 2014, the company completed the acquisition of Kush Inc., a development stage company seeking to obtain a patent on a hybrid medicinal strain of cannabis called CTA. Moreover, the company is looking forward to pursuing one or more patents for hybrid strains of marijuana, which hasn’t been done in the United States lately.
Company Description:
Cannabis Sativa Inc (OTC BB: CBDS) is a development-stage company engaged in developing, manufacturing, and selling plant-derived lotions, creams, and other formulations for human consumption.
1-Year Stock Chart:
Source: Bloomberg
