What is the Association Between CannaVEST Corp (OTCMKTS:CANV) and Cannabis?
Boston, MA 03/28/2014 (medicalmarijuanareporter) – CannaVEST Corp (OTCMKTS:CANV) has done more than changing its name from Foreclosure Solutions Inc. CANV is the leading hemp company in the world. Recently, one of the company’s biggest investors, Bart Mackay, was hailed as the world’s first cannabis billionaire. This right here is the association between CannaVEST Corp and cannabis. Currently, CannaVEST is valued at $1.8 billion, and analysts only expect good tidings from the company going forward primarily due to the ever-increasing interest in hemp-based products, of which CANV is a global leader.
As the interest in hemp-products around the world keep increasing, more investors in companies such as CannaVEST Corp (OTCMKTS:CANV) will move into the billionaire’s club. It is interesting to note that thus far in 2014, no other stock has performed better than CANV in the US. The company has successfully maintained its market capitalization, which is more than a billion dollars, at the same level for quite some time. Put in context, one needs to appreciate that CANV’s stock shot up by around 680 percent in 2013, and by 300 percent in the first two months of 2014.
Bart Mackay holds 15.7 million shares in CannaVEST. He has benefited greatly from the purchase of around 10,900 shares in the first two months of 2014. This shows that there is massive interest in CANV. There is enough investor interest in this stock, consequently adding more value to what shareholders in CANV currently own. An evaluation of Mackay’s views on this subject is quite interesting. Mackay believes that CANV is nothing other than a bubble, and will soon burst. However, all the signs indicate that this may not be the case.
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What does this mean for CannaVEST Corp (OTCMKTS:CANV)? The news is good for investors, who now have a reference point in Bart Mackay to offer the proof they need that they can make money through CannaVEST, contrary to what they might have thought of the stock in the past.