Lifeway Food's stock soars after announcing plans to enter the CBD market [MarketWatch]
Lifeway Foods, Inc. (LWAY)
Last lifeway foods, inc. earnings: 5/18 05:59 pm
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Source: MarketWatch
Lifeway Food's stock soars after announcing plans to enter the CBD market Shares of Lifeway Foods Inc. LWAY, +38.41% shot up 44% toward an 11-month high in active afternoon trading Thursday, after the Illinois-based maker of probiotic, fermented beverages announced plans to enter the cannabis market with a drink infused with cannabidiol, or CBD. Trading volume swelled to about 1 million shares, compared with the full-day average of about 37,000 shares. The company said it will enter the market through its Plantiful + CBD product, once it is legalized at the federal level by the Food and Drug Administration. The company said it is also planning to file a comment in support of the FDA developing a science-based structure for the sale of products that contain CBD. plans to release Plantiful + CBD in a biodegradable 3.5-ounce bottle. "Mental health is as important as physical well-being, and CBD shows promise as way to promote lowered anxiety and stress relief," said Chief Executive Ju
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LWAY
News
- Lifeway Foods, Inc. (NASDAQ: LWAY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Lifeway Foods Announces New ProBugs Organic Kefir Distribution in More than 250 Harris Teeter Stores [Yahoo! Finance]Yahoo! Finance
- Lifeway Foods Announces New ProBugs Organic Kefir Distribution in More than 250 Harris Teeter StoresPR Newswire
- Lifeway Foods, Inc. (NASDAQ: LWAY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Lifeway Foods, Inc. (NASDAQ: LWAY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
LWAY
Sec Filings
- 12/20/24 - Form 144
- 11/26/24 - Form 8-K
- 11/22/24 - Form 144
- LWAY's page on the SEC website