Sub-Penny Momentum Watch (HBRM, SHRG, INQD, HCMC, SRMX)

Investors searching for new potential opportunities might want to consider momentum plays in the sub-penny range of the OTC market. This exciting and potentially lucrative area of investing offers opportunities for those who are willing to take risks and do their homework. 

While the sub-penny OTC market can be volatile and risky, it can also provide significant returns for savvy investors who are able to identify emerging companies with high growth potential. So, if you’re ready to take a chance and dive into the world of momentum plays in the sub-penny OTC market, read on for a few potential plays in the world of sub-penny stocks.

Herborium Group Inc. (OTC:HBRM) is a company operating in the natural skincare and therapeutics sector that could be seriously undervalued despite its steadily growing revenues, highest status in OTC, and successful efforts to decrease debt. The company operates in the natural sustainable products space, which is experiencing exponential growth, with Herborium’s market and products demonstrating steady growth of 10-15% annually, global reach, and expanding applications. 

Herborium’s revolutionary flagship product, AcneEase, offers a natural, clinically tested solution to the ubiquitous and persistent problem of acne, which afflicts 75% of people worldwide, from ages 9 to 69, regardless of socioeconomic background. In addition, as hormone use becomes more widespread, skin issues are likely to skyrocket, making HBRM’s product all the more essential.

With a management team possessing unparalleled expertise in the sector, technology, regulatory environment, and both global and domestic markets, Herborium is primed for success. the icing on the cake? The FDA’s new regulations allow for clinical testing and claims for botanical-based products, which gives Herborium a clear advantage over competitors.

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As if that weren’t enough, HBRM is now in the process of creating a ground-breaking AI-based platform based on proprietary technology that it may be able to fully acquire outright. This cutting-edge AI platform will provide customers with a unique blend of personalized diagnosis, counseling, content, and products and regimens across the natural skin health, wellness, and beauty space. This platform model has the potential for replication in numerous other sectors. Developing this new proprietary platform introduces new acquisition and merger opportunities for Herborium.

As far as plans for the future, HBRM is developing a second-generation, improved, more convenient, and more margin-driven version of its flagship proprietary all-natural acne, rosacea, and other dermatological concerns product, AcnEase. 

Herborium has partnered with an innovative company in the stem cell sector to develop the product offering, which benefits from high-grade stem cell science but is applicable for OTC dermatological and beauty products. 

For sustained growth, HBRM is building a consortium of carefully selected companies to provide additional, curated products and content in the natural skin health, wellness, and beauty sectors to integrate into the new AI platform. According to the company, multiple additional revenue streams will be added through the above new platform, products, and partnerships.

HBRM was up 2.04% as of noon on May 1. Keep HBRM on your watchlist for potential momentum plays for the week.

Sharing Services Global Corporation (OTC:SHRG) is a company that aims to create shareholder value by developing or acquiring businesses, products, and technologies in the direct selling industry and other industries that complement its existing portfolio, business expertise, and geographic footprint. The company’s primary growth strategy focuses on innovative and creative approaches to capturing profitable market share in diverse business models.

SHRG saw an uptick in trading activity on Monday following the recent announcement by DSS, Inc. (NYSE:DSS) regarding the distribution of SHRG common stock. As of 12 p.m., the stock was up by 52.22%. DSS has distributed approximately 280 million shares of SHRG common stock to holders of DSS common stock as of April 28, 2023. Each shareholder who held a share of DSS common stock at that time is entitled to receive two SHRG common stock shares on May 4, 2023, which has resulted in increased market interest and positive momentum for SHRG.

Sharing Services is currently listed on the OTCQB market and is in the process of being uplisted to Nasdaq. Upon completion of the distribution, DSS and its subsidiary, DSSI, will retain an ownership interest of approximately 7% in Sharing Services Global Corporation.

Another stock that saw an uptick in investor activity on Monday is Indoor Harvest Corp. (OTC:INQD). At 12 p.m., the stock was up 8.72%, following a press release from the company. 

INQD focuses on sustainable hemp and wellness products and uses a broad integration strategy that includes developing proprietary technology, mergers and acquisitions, strategic partnerships, and joint ventures. 

On Monday, Indoor Harvest Corp. announced that it had completed its acquisition of Opportunity Development Group, LLC, and its subsidiary, 369Hemp, Inc., for a combination of cash and common stock. 369Hemp creates high-quality hemp cigarettes using techniques from master hemp growers and cigarette manufacturers, and its distribution model includes online direct-to-consumer, in-store retail, and wholesale markets. 

The smokeable hemp market is estimated to reach $300–400 million by 2025. With the acquisition of 369Hemp, Indoor Harvest has added an established hemp cigarette manufacturing platform to its business and aims to capture a small percentage of the North American market. Travis Priddy, the founder and CEO of 369Hemp, has over 20 years of experience in the cigarette industry and will be retained as President of 369Hemp. 

The acquisition is part of Indoor Harvest’s broad integration strategy, which includes mergers, acquisitions, strategic partnerships, and joint ventures to provide sustainable hemp and wellness-related products.

Another stock that received some serious attention in the Monday morning trading session was Healthier Choices Management Corp. (OTC:HCMC). Throughout the morning, the prices of HMCM fluctuated, seeing a massive rise in trading activity, nearly tripling its average daily trade rate by 1 p.m. on Monday.

Healthier Choices Management is a holding company that focuses on providing healthier lifestyle alternatives for consumers. They manage and plan to expand their intellectual property portfolio through their subsidiary, HCMC Intellectual Property Holdings. The company operates various natural and organic grocery stores under the names Ada’s Natural Market, Paradise Health & Nutrition, Mother Earth’s Storehouse, and Greens Natural Foods. They also run Healthy Choice Wellness Centers, which offer vitamin drip mixes, intramuscular shots, and IV vitamin mixes and shots for health, beauty, and rehydration, as well as sell vitamins, supplements, and health and personal care products on their website through their subsidiary Healthy U Wholesale.

The last stock that carried some serious momentum through Monday’s trading is Saddle Ranch Media (OTC:SRMX). SRMX was up 50% as of May 1, 2023, 12:27 p.m. Saddle Ranch Media, Inc. engages in the acquisition, development, packaging, and sale of projects in the film, television, and digital media areas of the entertainment industry. The company was founded in 1988 and is headquartered in Irvine, CA.  While the stock saw a significant uptick in trading activity on Monday, the company has not released news since February 9 of this year.

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