5 Cannabis Penny Stocks To Radar: RLBD, MNJA, MSRT, MBII, XXII

Cannabis is finding its way onto store shelves and online carts in a growing number of products. The cannabis market continues to find ways to deliver CBD, hemp, and cannabis benefits to consumers through traditional products. 

Athletic performance brands like Real Brands’ (OTCMKTS:RLBD) Phaze Sports creates a line of CBD and hemp-infused products. Phaze targets performance and rest for athletes ready for an alternative to the traditional prescriptions and OTC medications. RLBD and firms like it are changing how cannabis is perceived and where it belongs in the market.

Real Brands Inc (OTCMKTS:RLBD) CBD, Hemp, and Marijuana investors should pull up RLBD.  Real Brands may be an OTC stock, but has some big-time investors including NYSE company Turning Point Brands (NYSE:TPB).  You may be familiar with some of their brands, ZigZag® and Stoker’s®.  RLBD is TPB’s way to invest in the growing marijuana industry; and with their capital behind Real Brands the company is set to up-list to the OTCQB.  According to RLBD’s CEO Thom Kidrin “I have five major deals waiting for us after the up list.”  Now is the time to start your research.

Medical Marijuana Inc (OTCMKTS:MJNA) has a special place in the marijuana industry in the United States since it was the first ever publicly traded marijuana company in the country. Last week the company had actually come into focus in a big way after it announced that its subsidiary company Kannaway had managed to record its biggest revenue month in January for the markets in South Africa and Japan.

That was an important piece of news considering the fact that the cannabis industry in South Africa is expected to have a valuation of $7 billion in 2023 and the performance of Kannaway in the same country in January 2022 could be a source of positivity for investors.

Greenwave Technology Solutions Inc (OTCMKTS:MSRT): There has not been any news with regards to Greenwave Technology Solutions Inc (OTCMKTS:MSRT) in recent days but it may be a good idea for investors to take a look at an update provided by the company back on January 13 this year. At the time, in the letter to the shareholders, Danny Meeks, the company’s Chief Executive Officer, noted that Empire Services Inc had managed to contribute as much as $27 million in revenues in the fiscal year that ended on December 31, 2021. Empire Services had been acquired by Greenwave in the previous fall and the company had set the revenues target at $24 million.

Maronne Bio Innovations Inc (NASDAQ:MBII): International plant health solutions and bioprotections leader Maronne Bio Innovations Inc (NASDAQ:MBII) was in the news yesterday after it announced that its Chief Financial Officer role had been transitioned. Sue Cheung , who is the current CFO of the company, decided to step down from her post and it will go into effect on March 9, 2022. The company decided to appoint LaDon James as the interim CFO. It remains to be seen how the stock behaves today.

22nd Century Group Inc (NASDAQ:XXII) stock will be in focus as the company is all set to report its 2021 fourth quarter and full year results on March 1, 2022, before the market opens. During the webcast, James A. Mish, chief executive officer; Michael Zercher, chief operating officer; and Richard Fitzgerald, chief financial officer, will review financial results and discuss progress made in each of the Company’s three franchises.