Canadian Cannabis Market Overview
The HIP rocked the market in their first day of trading. Opening at $0.145, reaching as high as $0.49 during the day and closing at $0.41.5. An amazing day for Newstrike and their investors with a gain of 186%. Is this IPO exuberance or will the rally continue to run?
What do you think? Please comment
The DJIA was UP 135.53 points or 0.65% to 21,144
The TSX was UP 120.0 points or 0.78% to 15,469
Commodities
Gold was down $6.30 for Gold at $1,269.10
Silver was down $0.11 to $17.30
Copper was up to $2.59
Oil was down to $48.07
Natural Gas was down to $3.05
What’s Happening…
Abcann Global Corporation (ABCN) $0.99 (+0.01 or 1%)
No news posted
Aphria (APH) $5.39 (+$0.15 or 2.8%)
No news posted
Aurora Cannabis (ACB) $2.30 (-$0.04 or 1.7%)
No news posted
CanniMed (CMED) $8.66 (-$0.10 or 1.1%)
No news posted
Cannabis Wheaton Income (CBW) $1.19 (+$0.06 or 5.3%)
No news posted
Canopy Growth Corp (WEED) $7.57 (+$0.12 or 1.6%)
Canopy Growth welcomed PUF Ventures to the CraftGrow, which is the fourth organization to do so. This allows new producers to market their products with established brands. The key point I see is it allows licensed users access to a wider variety of produce with one license. A prescription in Canada is designated to a single licensed producer.
Cronos Group (MJN) $2.24 (-$0.07 or 3%)
No news posted
Emerald Health Botanicals (EMH) $1.16 (-$0.0 or 0%)
No news posted
Hydropothecary (THCX) $1.58 (-$.02 or 1.2%)
No news posted
Maple Leaf Green World (MGW) $0.495 (-$.025 or 4.8%)
No news posted
Newstrike (HIP) $0.415 (+$0.27 or 186%)
Commenced Trading June 1, 2017
OrganiGram (OGI) $2.36 (-$0.08 or 3.2%)
No news posted
Radient Technologies Inc. (RTI) $0.74 (+$0.02 or 2.7%)
No news posted
Supreme Pharmaceuticals (SL:CNX) $1.47 (+$0.08 or 5.7%)
No news posted
Resources;
Canada Newswire (WEED)
THIS IS NOT FINANCIAL ADVICE
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