Cannabis Sativa Inc (OTCBB:CBDS) continues to trade strong around its new $5 support levels. The stock has been on the move in recent months moving up off $0.30 lows to recent highs near $8.25.
CBDS has been heading in the right direction since Senator Mike Gravel took over as CEO. Senator Mike Gravel is familiar with the executive side of operations, and his wealth of experience with public policies, politics and private business make him an outstanding choice and a fortuitous acquisition to our management team.” according to former interim CEO David Tobias.
Cannabis Sativa Inc (OTCBB:CBDS) is a holding Company in the pot sector with a number of subsidiaries including Hi Brands International, Inc., a Nevada corporation that recently opened its first “Hi” branded marijuana dispensary on October, 2015 in Portland, Oregon.
According to Gary Johnson “The “Hi” brand aims to help consumers find reliable, trustworthy products in the fast growing but highly fragmented cannabis industry. There is no dominant national brand, no standard bearer. Cannabis Sativa is poised to dominate the industry with the “Hi” brand the way Apple leads the electronics and smart phone space.”
Mr. Johnson cited a recent report in the Huffington Post stating: “Researchers found that the U.S. market for legal cannabis grew 74 percent in 2014 to $2.7 billion”, demonstrating the opportunity for “Hi” Brands International, Inc. “In the last year, the rise of the cannabis industry went from an interesting cocktail conversation to being taken seriously as the fastest growing industry in America,” stated the executive summary of the report. “At this point, it’s hard to imagine that any serious businessperson who is paying attention hasn’t spent some time thinking about the possibilities in this market.”
The “Hi” brand management and marketing solution will give dispensary and retail store owners the management and marketing tools for success in return for an affordable annual fixed license fee or other fixed periodic license fee in accordance with applicable state laws or, where allowed by state law, a royalty on sales.
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CDBS hit the bb’s in December 2013 at around $0.75 a share and quickly became one of the top most traded stocks on the entire exchange making a spectacular run to highs of $18 a share as pot stocks ruled the bb’s. CBDS collapsed with the rest of sector in March after the CANN halt and has been dropping since.
The shell was incorporated under the laws of the State of Nevada on November 5, 2004 as Ultra Sun Corp. the Company operated a tanning salon business which they ended up selling in September 2013, In November the Company changed their name to Cannabis Sativa, Inc., and a new pot stock was born.
Cannabis Sativa has had some big names behind it from the beginning; Chairman of the Company Steven Wynn “Steve” Kubby is a Libertarian Party activist who played a key role in the drafting and passage of California Proposition 215, a ballot initiative to legalize medical marijuana which was approved by voters in 1996.
Mr. Kubby himself is a cancer patient and relies on medical MJ. He has written 2 books called the Politics of Consciousness and Why Marijuana Should Be Legal. In the past a number of media outlets reported Mr. Kubby as a felon but his legal statues was resolved on July 3, 2008, when a California Superior Court Judge dismissed all charges against him.
On December 19 CBDS announced that it entered into an agreement to acquire a 49% ownership interest in a 9 acre property in Los Angeles County, California. The ownership group plans to lease the property to an industrial hemp farm operator who will conduct farming activities under the Industrial Hemp provisions of California’s Adult Use Marijuana Act (Prop 64). The Company’s President David Tobias stated, “We are excited to play a role in what we anticipate will be one of California’s first hemp farms under Prop 64.” The farm will produce organic industrial hemp derived products. It is anticipated that the farm will fill part of the Company’s demand for industrial hemp based products, with California grown organic industrial hemp. Farming activities are expected to commence in January of 2017.
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Currently trading at a $89.04 million market valuation CBDS has minimal assets or revenues and growing debt. But CBDS is an exciting story in small caps focused on dominating the pot industry with its “Hi” brand the way Apple leads the electronics and smart phone space. CBDS saw a spectacular rise the last time pot stocks heated up to $18 a share and is leading the flock again following GW Pharmaceuticals positive Phase 3 trial data for its drug Epidiolex. We will be updating on CBDS when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CBDS.
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Disclosure: we hold no position in CBDS either long or short and we have not been compensated for this article.