Kanabo Group (LON: KNB) shares are gaining on Wednesday after the company confirmed its CBD products are now available for sale via a UK eCommerce site.
The site, named HandpickedCBD, is a large CBD dedicated site in the UK, listing 50 brands and more than 500 products from oils, edibles, drinks, topicals, vapes and capsules.
HandpickedCBD is wholly owned by Materia. Kanabo recently agreed on a deal with Materia to acquire its European assets.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Kanabo feels that the listing on the site adds a level of credibility to its brand, with each vendor thoroughly vetted by Handpicked CBD according to specific criteria.
Kanabo CEO, Avihu Tamir, said: “We are delighted to offer our CBD wellness line through Handpicked CBD. Consumers now have access to the most potent yet non-intoxicating CBD formulas with only the highest quality of ingredients.
“Kanabo’s R&D team has created these fast-acting formulas with the health and wellness of consumers in mind. We believe this agreement clearly demonstrates how closely the companies are already working together to bring Kanabo’s proprietary products to market and accelerate the path to commercial sales volumes.”
Kanabo shares are currently up 3.41% at 18.2p after reaching a high of 19p earlier in the session. However, the company’s shares have fallen over 70% from their post-IPO highs.
Should You Invest in Kanabo Shares?
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It’s a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
