5 Best Fundamental Penny Stocks To Invest In

3. Jupiter Wellness, Inc. (NASDAQ:JUPW)

Number of Hedge Fund Holders: N/A

Share Price as of October 12: $0.7699

Jupiter Wellness, Inc. (NASDAQ:JUPW) is a Florida-based company that develops cannabidiol (CBD) based medical therapeutics and wellness products. The company provides products for the treatment of eczema, dermatitis, actinic keratosis, burns, and cold sores. 

On September 20, Jupiter Wellness, Inc. (NASDAQ:JUPW) announced that it signed an exclusive licensing deal with Rejoy to develop prescription products for breast cancer patients. The license includes issued patents and technology, as well as formulations. On September 28, the company disclosed that the U.S. Patent and Trademark Office will authorize a patent related to certain use of minoxidil for hair loss disorder alopecia. These are optimistic catalysts for Jupiter Wellness, Inc. (NASDAQ:JUPW), which is one of the best fundamental penny stocks to invest in.