The CBD based health products market has grown at a fairly decent clip over the course of the past couple of years and it is expected to churn out further growth in the coming years as the variety of products expands further. Consequently, investors are often on the lookout for stocks that are involved in that particular sector and there are plenty of options to choose from nowadays.
This article is going to look closely into Alternative Wellness Health (OTCMKTS:EXMT), which is involved in the sector. While it is true that the stock fell by as much as 19% on Thursday, it should be noted that such a fall can often prove to be an opportunity for investors as well. Hence, it may be a good idea to figure out if the stock can actually make a recovery in the coming days or not.
Trading Data
On Thursday, EXMT stock slid 19% to $0.0017 with 21.20 million shares, compared to its average volume of 4.4 million shares. The stock moved within a range of $0.0017 – 0.0021 after opening trade at $0.0020.
About The Company
Hence, it is necessary for investors to first get a good idea about the company’s businesses and take a look at some of the recent developments in order to get the bigger picture. Alternative Wellness Health is involved in both the manufacturing as well as the marketing of CBD healthcare products as well as software applications.
The company owns a range of subsidiary units and on top of that, it works through acquisitions as well as partnerships in both manufacturing as well as technology sectors. Both Alternative Wellness Health and its subsidiary units have their own professional management teams with years of experience. The company is committed to harnessing the combined skills of its team members in order to create a formidable force.
Alternative Wellness Health’s Amethyst Brand Completes Production of Delta 9 HDI Premium Beverage
The company was in the news yesterday after it announced that it had been successful in completing the production of its flagship HDI Delta 9 Premium Water. The product is going to be sold under the Amethyst Beverage brand. It was announced yesterday that the new product comes will all the attributes which are present in the CBD Orange Mango Premium Water and on top of that it hydrates the body of a human being 37% faster.
The product has been made with the addition of as many as 73 ionic minerals on top of aloe vera, fulvic acid and the company’s proprietary Delta 9 HDI formula. The company managed to produce as many as 19200 in the initial production run. More importantly, the company also noted that the initial demand for the product has been quite strong and in addition to that, it has already tied up agreements with strategically important wholesalers who are excited about the latest product.
In order to demonstrate the magnitude of the demand, Alternative Wellness Health announced that it has already made schedule for its next run of production. This production run is going to be concluded at some point in the first week of September. The company went on to state that it was going to get a significant boost from the demand for the product and was looking forward to reporting its numbers for the third fiscal quarter.
Technical Data
EXMT stock is trading below the 20-Day and 50-Day Moving averages of $0.25 and $0.25 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.83. The company has a total market capitalization of $29.80 million. The stock is down 17% over the past month.
