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Monday’s Hot OTC Stock Watclist: BMXC, CBDL, IQST, CGSI, MJNA, SNRG

Following were the notable penny stock buzzers in the previous session on high volume. Keep an eye on these stocks this week.

If you are interested in nanocap stocks here is one you should look into

Bemax Inc. (OTCMKTS:BMXC) is in the fast-growing online disposable diaper market that Grand View Research expects to reach $108 Billion by 2028.  BMXC is exploiting a niche in the diaper market as most competition is primarily retail. Grand View sees its expansion at a CAGR of 3% through 2028.

A decade ago, ecommerce accounted for 8% of total retail purchases. Online sales now represent nearly 20% of spending through all channels.  With 2020 being an anomaly consumer spending wise, comparing digital revenue in 2021 to 2019, online spending soared by 50.5%.

BMXC is positioning itself to grab sizeable market share by specializing in the direct-to-consumer distribution of high-quality disposable diapers.

CBD Life Sciences Inc. (OTCMKTS:CBDL) stock was in action in the previous trading session as the stock ended lower by 50% at $0.0002 with over 104.11 million shares traded hands, compared to its average volume of 92.75 million shares.

The company announced that the company is introducing new powerful Delta-9 Gummies. LBC Bioscience Inc. is always producing products to satisfy customers and this product is over the top outstanding! The improved gummies the company is introducing are Raspberry Sherbet flavored packed with 200MG of Delta-9 and 400MG of CBD. LBC’s Gummies use a harmonizing 2:1 blend of CBD and Delta-9 for an overall balanced, elevated experience.

iQSTEL Inc. (OTCMKTS:IQST) stock was one of the notable active movers in previous trading session as the stock moved down 6.30% to $0.6259 with over 1.06 million shares traded hands, compared to its average volume of 981K shares.

The company announced preliminary results for the first quarter of 2022 with estimated revenue reaching $19.3 million. This is a 37% increase over the $14.2 million reported in for the same period the previous year.

CGS International Inc. (OTCMKTS:CGSI) stock continued to trend lower on Friday. On Friday, the stock ended lower by 12.24% at $0.7460 with more than 1.61 million shares traded hands, compared to its average volume of 378K shares.

CGS International, Inc. does not have significant operations. Previously, the company was engaged in the development, sales, marketing, and distribution of unmanned ariel vehicles. The company was formerly known as Tactical Services, Inc. and changed its name to CGS International, Inc. in June 2021. CGS International, Inc. was incorporated in 2012 and is based in Carson City, Nevada.

Medical Marijuana Inc. (OTCMKTS:MJNA) stock was seeing a range bound trading in the previous session as the stock surged 4.50% to $0.0210. The stock traded 8.23 million shares, below its average volume of 11.53 million shares.

The company provided a corporate update on its pharmaceutical investments targeting novel therapies for unmet medical needs in large and rare disease markets.

SusGlobal Energy Corp. (OTCMKTS:SNRG) stock was seeing buying pressure in the previous session with a gain of 15.95% to $0.6725. The stock traded 1.69 million shares, below its average volume of 279K shares.

The company announced that its wholly-owned subsidiary, SusGlobal Energy Hamilton Ltd., continues the development of its 51,535 square foot facility on 3.26 acres located at 520 Nash Road North, in Hamilton, Ontario, which includes an Environmental Compliance Approval to process up to 65,884 metric tonnes per annum of organic waste into regenerative products as part of the Company’s circular economy model and continued climate change initiatives.