In the past week, the Can B Corp (OTCMKTS:CANB) stock has gone through a pretty steep selloff and recorded declines of as much as 13% so far. While it is true that there has been no news about the health and wellness company over the past week, the latest decline in the Can B Corp stock could also be an opportunity for new investors.
The last important news to have emerged with regards to the company was back on September 15 this year when the company made an announcement with regards to its aims of fulfilling its hemp processing agreements.
The company revealed that it was planning to fulfilling the agreements after it managed to procure winterised crude as well as hemp biomass which are going to help Can B Corp in creating 13,000 litres worth of isomers.
The isomers that the company was planning to create were going to have a market value of around $10 million as per the market price of the time. The hemp biomass supply was a vital break for the company since it was the key ingredient for Can B Corp. Despite the decline in the stock price, it is a stock that could be a worth tracking in the coming days.
