Cannabis stocks are among the most volatile trading opportunities, and today’s price action in the sector was a perfect example of that: Several companies with major news releases were up as much as 10% when the markets opened, only to give up much of those gains by mid-morning as investors struggled to process all the news. In the end, it was actually a two-stock cannabis combo that rose the most: Aleafia Health Inc. ALEAF, -6.22% and Aphria Inc. APHA, +5.27% which both announced major supply agreements with Shoppers Drug Mart.

Penny stocks can deliver fast wealth to investors who know how to play them. They are risky investments, but the upside can be tremendous if you choose the right one.

There are hundreds of penny stocks to buy, but these three stocks with big news today are good places to start your search if you’re looking for big returns on small investments. The examples are of course fictitious, but the writing style is exactly what you would find in real-life online blog posts. The key to successful blogging is to find the right tone, voice, and style that will resonate with your target audience. For example, if you’re writing a blog for finance professionals, you will likely want to choose a more serious tone

Top penny stocks to follow with important announcements

With May already in full swing, penny stocks are still in the spotlight. However, some areas receive more attention than others. These are currently biotech stocks, blockchain and others. When penny stocks are traded on fundamentals, speculative factors can generally have a greater impact. It’s something that becomes a habit.

Well, the large effect of speculation on certain penny stocks to buy means that investors need to keep a close and regular eye on the market. Although not all traders use swing trading, most use short-term methods when trading penny stocks. This is due to their high volatility and large intraday price fluctuations.

Read more] What are Penny Stocks? The 2 best trading tips for 2021

So there are a few trends to keep an eye on in May. Currently, as mentioned above, many investors are focusing on penny stocks blockchain. These are companies that may be related to the blockchain market in some way. Some mine cryptocurrencies, while others focus more on blockchain-related technologies or other aspects of the cryptocurrency world.

We should also remember that the pandemic is not over yet. This means that much is still unknown in the present and future. With all that in mind, let’s take a look at three cheap stocks worth following right now.

3 pennystocks to keep an eye on in May 2021

  1. ConforMIS Inc. (NASDAQ: CFMS)
  2. PolarityTE Inc. (NASDAQ: PTE)
  3. Harvest Health & Recreation Inc. (OTC: HRVSF)

ConforMIS Inc. (NASDAQ: CFMS)

ConforMIS Inc. is a biotechnology company active in the field of medical technology. It sells its patented iFit imaging-to-implant technology platform. This enables the development and manufacture of joint replacement products.

These replacements can be highly individualized, leading to significantly better patient outcomes. In addition, ConforMIS offers the iTotal CR knee replacement system. This system has been clinically proven to be very effective and has a shorter recovery time than conventional commercial implants.

ConforMIS announced on Monday 10. May, announced that it has received 510(k) approval for its Identify Imprint knee replacement system. Approval by the FDA will allow the technology to be extended to a wide range of orthopedic needs, allowing surgeons to offer it to their patients.

Our Identity Knee System is an excellent addition to our product portfolio. It utilizes our technical innovations and the data from tens of thousands of custom implant designs. This is an excellent option for surgeons who need more traditional intraoperative flexibility and faster product availability. We can deliver a custom ID system in three weeks, while a fully customized iTotal ID system takes six weeks.

Mark Augusti, CEO and President of ConforMIS Inc.

In light of this interesting news, it appears that CFMS is one step closer to commercializing this product. It’s up to you to decide if this is a reason to take a closer look at this action.

Best Penny Stocks to Buy? 3 With Big News Today

PolarityTE Inc. (NASDAQ: PTE)

PolarityTE Inc – is a company we’ve written about several times in recent months. PTE rose double digits in pre-trade on Monday after the company made a major announcement earlier in the day. Before we talk about it, let’s see what PolarityTE does.

Although PTE is a biotechnology company, it is active in the field of biomaterials. During this process, small healthy autologous tissues are produced from the patient’s own tissues. It can then be introduced into the body where it grows as needed. The company claims that it is used in the regenerative healing process.

Read more] Penny stocks in May 2021

It’s always a pleasure when a biotech company announces a success. This could be a trial or the results of FDA approval, as in the case of CFMS. Monday the 10th. In May, PolarityTE announced that trials of its diabetic foot ulcer drug had met the primary and secondary endpoints. A study conducted with SkinTE showed that 70% of patients had closed their wounds after 12 weeks.

We are particularly pleased with these initial results, which are consistent with the data from the interim protocol analysis recently published in the International Wound Journal. We would like to thank the patients who participated in the study ……

Most importantly, we are pleased with the clinical results and believe these results demonstrate the tremendous clinical promise of SkinTE for patients with significant unmet needs related to chronic wounds.

Nikolay Sopko, MD, PhD, medical director of PolarityTE

While this is only a preliminary test, it’s great news for the company and investors. There is still a long way to go before this product is commercialized. Nevertheless, the studies continue to show a large positive trend. With that in mind, will PTE be on your stock list?

Best Penny Stocks to Buy? 3 With Big News Today

Harvest Health & Recreation Inc. (OTC: HRVSF)

One of the biggest announcements of the day came from Harvest Health, a marijuana-sharing company that operates in multiple states. Harvest is a vertically integrated MSO based in Arizona and operating nationwide. The Company produces, manufactures and sells its marijuana products through its retail stores and other retailers.

The big news came Monday when Trulieve Cannabis Corp. (OTC: TCNNF) announced the acquisition of Harvest Health for $2.1 billion. In fact, this is the largest sale of cannabis in the United States in the history of the industry.

As if that weren’t enough, this deal creates the most profitable multi-state operator in the United States. Yeah, that’s a lot of first steps for investors. However, with the huge growth of the cannabis industry, it makes sense that this acquisition would happen.

Combined, the consensus for revenue in 2021 is about $1.2 billion. The two parties will also hold a conference call at 8:30 a.m. Eastern time to discuss the transaction. This agreement will allow Trulieve to expand into key states such as Florida, Pennsylvania and Maryland.

Read More] Reddit Penny Stocks To Watch As Dogecoin Goes To The Moon, Literally.

But it will also have a wider reach in the Southwest, in states like Arizona and others. The total market is expected to reach $19.3 billion by 2025, which represents a great opportunity for this new organization.

Kim Rivers, CEO of Trulieve, said: Today’s announcement is the largest and most exciting acquisition in our industry, creating the most profitable public operator in several states. This is one of the most exciting announcements in the cannabis industry in recent months, and it could be in the spotlight for some time to come. That said, the HRVSF action may be interesting.

Best Penny Stocks to Buy? 3 With Big News Today

Would you add these actions to your watchlist?

With so many stocks to choose from, it can be hard to find the best one. However, if you use the latest news to spot trends, your list of penny stocks can become competitive, even for the best traders.

However, it is not enough to find penny stocks based on news alone. Instead, taking advantage of research and trends will always be the best way to ensure a better chance of profitability. Would you still put those penny stocks on your watchlist?

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Frequently Asked Questions

What is the best penny stock to buy right now?

Penny stocks are something that many people have heard of, but few people actually understand. Essentially, penny stocks represent companies that are small on a scale of value, and are trading at a low price. They are not all bad, though; there are many penny stocks available that have grown into multi-million dollar companies. When you hear “penny stock”, you probably think of stocks that are literally only worth a few cents. While it’s true that many penny stocks are in penny stock companies, many are not. For example, if you invested in a “penny stock” early in the life of a company, you would have made a killing when it went public. A penny stock is simply a stock that trades at a low price.

Can you get rich off penny stocks?

Penny stocks are risky investments where the returns can be higher than traditional stocks. While many people have made a fortune investing in penny stocks, many others have lost their savings. Some people have a genetic predisposition to being a risk taker, and even the most cautious investors can find themselves caught up in the hype of a stock that is rapidly rising in value, especially if they have done their research and believe that the stock has great potential. Anyone considering investing in penny stocks should be prepared to lose their entire investment. While there are a few rare cases in which individual investors have made large sums of money from a small initial investment, these cases are few and far between, and should not be expected. In fact, it is far more likely that even experienced investors will lose money. (As you will see later in this article, it is not uncommon for investors to lose 90% of their money in one day.)

Has anyone ever got rich off penny stocks?

As you probably know, penny stocks are the lowest tier of the stock market. They trade for less than $5 per share, and many of them are not even listed on major stock exchanges. This means that penny stock companies are much less regulated and easier to start than most public companies. For investors looking to make big returns on their money, penny stocks are a common choice, but it’s not a path to easy riches. In fact, the Securities and Exchange Commission (SEC) has banned companies from advertising penny stocks as “easy money” since it was found that most of these companies were scams. Whether you think investing in penny stocks is a smart move or you think they’re the biggest waste of time and money, there are those who have made their fortunes with penny stocks. For example, the late John Paul Getty made his money through investing in various oil companies, which made him the richest man of his time.

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