Cashew nut futures have gone from being a dream to something you might want to consider, according to Cashew Nut futures analyst David Zuckerman.
The company recently announced that it had made a $1.3 billion equity sale and would be going public on the New York Stock Exchange on Wednesday.
The move was made after the company raised $1 billion in a series of funding rounds.
“Cashew Nut was one of the first companies to come out of the cannabis industry and its a pretty solid bet to take the stock,” Zuckett said in a press release.
“We think the stock is going to get a good price and hopefully it will become a winner for the stock and its going to be a nice dividend.
We think it’s also going to help drive up the price of Cashew Nuts.
The Cashew nuts are made from Cashew trees grown in New Zealand and sold as a high-quality alternative to tobacco.
They are available in various shapes and sizes and contain high levels of nutritional and medicinal properties.
In its initial public offering last year, CashewNuts had a market cap of $2.3 million and the company had more than $400 million in cash on hand at the time of the IPO.