It is needless to say that Google (NASDAQ: GOOG) is the king of acquisitions, but smaller penny stock companies like Cannabis Science (OTC: CBIS) have taken a leaf out of Google’s book and ventured into expansion through acquisitions.
Google’s Acquisition Frenzy
Tech giant Google has its fingers in many different pies. Trading at $684.94 per share as of September 5, 2012, Google’s share value is actually up by $3.90 since the last trade. From acquiring the flailing Android in 2005 and fashioning it into one of the company’s figureheads, there has been no looking back for Google when it comes to acquisitions. This was soon followed by the acquisition of the video uploading and sharing website YouTube in 2006. In recent times, Google has acquired Wildfire, Sparrow, Motorola and more. The latest acquisition that is touted to be the harbinger of rich dividends for Google is Frommer. Frommer’s travel guides are well known for being succinct and complete. By adding such companies to its profile, Google is fast becoming the only company that offers seamless transitions of all its platforms in order to deliver the optimum online experience to all customers.
When compared to the Facebook (NASDAQ: FB), Google+ has only been gaining new users and followers. Facebook’s IPO has reduced the riches of the company by a substantial amount ($50 billion) within 90 days of release. Facebook’s stock is currently trading at $18.55 per share, which is a measly number when compared with Google’s three-figure presence and status.
Cannabis Science Acquires Trimcare Brand
Cannabis Science is a penny stock that is traded in high volume in the OTC markets. This company is mainly involved in drug development and medicinal characterization. It is the leading expert in the HIV drug development industry and it conducts cannabinoid research. Cannabis Science is currently focusing on the creation of cannabis-based medicines that are used to cure cell carcinomas. Trading at $0.0414 as of September 5, 2012, the share value has increased by 21.76%.
With the acquisition of Trimcare Brand, the future is only looking good for Cannabis. When it comes to high-volume-trading penny stocks, Cannabis is a market leader and analysts reckon it to be an outstanding investment opportunity.
Another penny stock company that seems to have taken a leaf from Google’s acquisition book is Dimi Telematics (OTC: DIMI), which has just acquired Green Genie. With this acquisition, the telematics company has added one of the best and most recommended green mobile apps that is available to be downloaded. The Green Genie is an app that is recommended by industry stalwarts such as eBay, TechCrunch, PlanetGreen, USA Today and more.
Investing in Consumer Oriented Companies
Companies such as Cannabis Science and Dimi Telematics, as well as the tech giant Google, are acquiring new companies, products and services so that they can give consumers a holistic and complete service. These penny stocks are also among the hottest and most active in the OTC market, making them ripe for investment. But they are still penny stocks for a reason. Always remember that.
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