(Disclaimer: These articles are merely informational in nature, and in no way should be considered expert financial advice. As with any investment, psilocybin stocks, especially those owned by newer companies, are subject to significant fluctuations in value. Therefore, caution should always be observed when investing.)
Company: Hollister Biosciences Inc.
Investment Risks: Medium/High
Investment Rewards: Medium/High
Current Price: $0.19/share
Company Background: According to their website, “Hollister Biosciences is a publicly-traded cannabis branded product company with sales and operations in California and Arizona. The company manufactures, owns and distributes a series of branded products, direct to consumer ecommerce and white-label production for 3rd parties.” Their website also boasts their “products are sold in 370 dispensaries across Arizona and California,” making them a heavy hitter in the burgeoning cannabis market. Their brands include HashBone, the brand’s premier artisanal hash-infused pre-roll, along with concentrates from Venom (shatter, budder, crumble), distillates, solvent-free bubble hash, pre-packaged flower, pre-rolls, tinctures, vape products, and full-spectrum high CBD pet tinctures and other cannabis products, giving them a diverse portfolio.
Hollister Biosciences also acquired AlphaMind Brands Inc, a medicinal mushroom-based company. According to Pharmweb.com,” The initial product line will consist of a blended and bottled powder and capsule consisting of powdered cordyceps, lion’s mane, oyster, reishi and shiitake medicinal mushroom varietals. The formulations for both products are unique and developed through research-driven initiatives. The health benefits that the capsules and powder intend to provide include but are not limited to anti-inflammatory, antioxidant, anti-aging, anti-microbial and immune system support.”
Philosophy of the Company: The company seems to lack a core philosophy or vision that would be in sync with a 21st-century ethos. Their website simply states, “, developing and powering class-leading cannabis consumer products,” hardly a philosophically or morally compelling vision.
Legal Issues: I could not locate any legal issues regarding Hollister Biosciences.
Leadership: Hollister Bioscience’s management team consist of the following:
- Carl Saling, Founder, CEO, Director
- Amasa Lacy, Founder, Vice President, Director
- Alexander Somjen, President
- Jake Cohen, COO
- Geoffrey Balderson, CFO and Corporate Secretary
Performance: Since its high in February of 2021, HSTRF has lost approximately 50% of its value per share and has continued to slide for the past 6 months. With a P/E ratio of 190.50, HSTRF may be overvalued. However, according to their 2021 ist quarter report, the company seems profitable and solvent. Here are some highlights:
- Total revenue in the first quarter was $23.1 million compared to $0.95 million in the first quarter of 2020 and up 97% sequentially from $11.7 million in the fourth quarter of 2020
- Net income in the first quarter was $2.0 million compared to a net loss of $2.2 million in the first quarter of 2020
- Adjusted EBITDA [Earnings before interest, taxes, depreciation, and amortization] was $2.80 million in the first quarter compared to a loss of $1.1 million in the first quarter of 2020
Moreover, Wallet Investor states, “Hollister Biosciences Inc stock is a good long-term (1-year) investment. Based on our forecasts, a long-term increase is expected, the “HSTRF” stock price prognosis for 2026-08-07 is 0.349 USD. With a 5-year investment, the revenue is expected to be around +79.13%. Your current $100 investment may be up to $179.13 in 2026.” Investors Observer agrees, saying, “Hollister Biosciences Inc has a Bullish sentiment reading” while gov.capital states, “Future price of the stock is predicted at 0.312008$ (67.746% ) after a year according to our prediction system.” Similarly, micoraxis.com says, “The successful prediction of HOLLISTER BIOSCIENCES’s future price could yield a significant profit.”
Final Thoughts: At less than $.20/share, this penny stock offers a very inexpensive route to invest in the cannabis industry. However, all indications point to a minimum of a 1-year hold time frame, and possibly longer if seeking to maximize returns.
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