The market for penny stocks is quite vibrant, as investors constantly look for the next big thing among these potentially volatile stocks. The stocks trade for under $5 a share and can often generate enormous gains for relatively little outlay if the right bet is made. Here is a look at four penny stocks worth watching at this point:
ConneXionONE Corp. (OTC:CNNN) The innovative technology company ConneXionONE Corp. is focused on transforming social media engagement. Yesterday, the company announced that it had added four accomplished professionals to its board of directors. The four new appointments were Frank J. Hariton for Company Governance and Securities Counsel, David Wu for Business Development and Private Investment Resources, Joe Tso for Corporate Management and Business Relations in the Asia Region, and Christine Chang for North America Strategic Advisor and Investor Relationship.
The appointments could be vital for the company given that it is gearing up for the much-anticipated launch of its path-breaking new product, Dotarazzi, at some point in the third quarter of this year. The diverse expertise of the four different directors would strengthen different aspects of the operations at ConneXionONE Corp. The Chief Executive Officer of the company, Chris Chang, noted that the collective experience of the new directors would be vital to the future of Dotarazzi.
Alternative Wellness Health Inc. (OTC:EXMT) On Wednesday, Alternative Wellness Health Inc. announced that its new flavors, ‘Pineapple Coconut’ and Orange Mango, had been produced. The products had also been put into the marketplace for sale. The products hit the shelves in the markets, with the Cucumber Mind CBD variant still being developed. The company also announced that its Delta 9 HDI Premium Beverages would also get a new flavor, and the label makeover would be with the same flavor pallet.
The company announced yesterday that it was planning to launch the new Delta 9 HDI Premium Beverages flavors by next month. Additionally, Alternative Wellness Health announced that it had concluded its philanthropic project titled ‘Art of LA by NRG Studios’ in North Hollywood, California. It took place at the Top Music Studio, situated in the LA Valley. Some of the best-known artists like Linkin Park, No Doubt, Blowfish, and Papa Roach have performed at the venue in the past.
Growlife Inc. (OTC:PHOT) On August 2, Growlife Inc. announced that it was going to deliver a mid-year shareholder update by Dave Dohrmann, its Chief Executive Officer. The update would be aimed at providing further information about the first fiscal quarter financial results of the company as well as the preliminary unaudited revenues in the second fiscal quarter ended June 30, 2023.
The update would be provided by the company’s CEO on August 7, 2023, at 4:30 p.m. Eastern Time. Anyone who is interested in watching the webinar would need to register. Dohrmann noted that he was looking forward to the prospect of sharing the details about the fact that Growlife was in a strong position to build on its strong foundations.
First Sound Bank (OTC:FSWA): Yesterday, Harbonstone Credit Union announced that it had entered into a definitive agreement to complete the acquisition of Seattle, Washington-based First Sound Bank. The transaction had been structured in the form of a purchase agreement by way of which Harbonstone would purchase a substantial portion of the assets and also assume responsibility for a substantial portion of the liabilities of First Sound Bank.
The transaction had been approved unanimously by the shareholders of both companies. Once the transaction is completed, the new entity will have around $2.1 billion in assets, $1.8 billion in shares, and $1.5 billion in loans.
