The CBD Life Sciences (OTCMKTS:CBDL) stock has continued in the same vein from yesterday and has jumped by 3% this morning.
The stock had gained yesterday after the company announced the launch of an Amazon store by way of its fully owned subsidiary company LBC Biosciences Inc. Those who are interested in having a look at the store can visit www.amazon.com/shops/lbcbioscienceinc . For quite some time, CBD Life Sciences had been trying to introduce hemp-based products on the online retail behemoth.
This particular move also reveals that CBD Life Sciences believes that hemp is going to be vital to the future of its subsidiary LBC Biosciences. On top of that, investors also need to keep in mind that the nutritional hemp space has grown at a fairly impressive pace all over the world in recent times and that could be another reason behind this particular move. It remains to be seen if the stock can continue to add to its gains today.