Over the course of the past few trading days, the One Stop Vending Corp (OTCMKTS:KOSK) stock has been in the middle of a strong rally and it continued on Tuesday as the stock went up by 8%. That took its gains for the past week to as much as 25%.
On Tuesday, KOSK stock moved up 8% at $0.0108 with more than 258.30K shares, compared to its average volume of 316.71K shares. The stock has moved within a range of $0.0089 – 0.0109 after opening the trade at $0.0100.
Goldman Sachs bullish on One Step Vending CBD business
In light of such handsome gains, it might now be a good idea for investors to take a closer look at the company. Yesterday, the stock was in focus after a report from the investment banking behemoth Goldman Sachs made some bullish pronouncement about the company. Goldman Sachs noted in its report that the company was all set to emerge as a leader in the CBD industry.
The company is primarily involved in acquiring businesses which have disruptive value and that brings us to the topic of its subsidiary company Sofos CBD Inc. Sofos is involved in both wholesale as well as retail distribution of CBD products and that could eventually become an important part of the company’s portfolio. On the other hand, the report also noted that One Stop Vending is all set to install machines in two of the quickest growing CBD markets in 2022.