California Firm Trying to Buy CBN Patent
The TSX-Venture is the place to find fast moving penny stocks in all the hottest sectors. Check out our daily list here.
Fast Growing Pot Stock Forecasting 2019 Revenues Rivaling Canopy, Aurora. Click For More Details.

California Firm Trying to Buy CBN Patent

Fast Growing Pot Stock Forecasting 2019 Revenues Rivaling Canopy, Aurora. Click For More Details.
By: Dylan Sikes – AllPennyStocks.com News

Monday, April 15, 2019

The competitive field for cannabis products and all their uses just got a little tighter Monday, with the news that Irvine, Calif.-based Cannabis Science, Inc. (OTC:CBIS) is trying to close a patent deal with the government. 

The company, specializing in the development of cannabinoid-based medicines, told investors Monday that it’s negotiating to license the Company’s patent for the Compositions of Cannabinol (CBN) for a variety of ailments, most notably, sleep disorders and anxiety. 

The U.S. market for sleep disorder products alone was estimated at over $28 billion in 2017 and is expected to grow by 3.3% annually. After 2023, this market is expected to grow at an annual rate of approximately 4.7%.

The stock improved in price 12-100ths of a cent, or 3.4%, to 3.64 cents, on volume of 4.2 million shares. 


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

Pot Stock Revving Up For A New Rally
Decision Diagnostics Climbs on New Test Strip Design
PetroTal Celebrates New Well Tuesday
Wagner Sprouts on Release of New Product


Back to Top