Canadian Cannabis Market Overview
Unrest in the Middle East with countries closing borders to Qatar, thus causing a run on supermarkets as they import most foodstuffs. The reason is suspected ties to terrorism. Is war that far away? The markets were red with exception of Gold and Silver. Very strange days indeed.
Do you remember who made this quote? Weed will get through times of no cash better than cash can get you through times of no weed. I think this may be a good mantra
What do you think? Please comment
The DJIA was DOWN 20.85 points or 0.1% to 21,185
The TSX was DOWN 32.97 points or 0.21% to 15,409
Commodities
Gold was up $2.00 for Gold at $1,282.20
Silver was up $0.04 to $17.57
Copper was down to $2.56
Oil was down to $47.38
Natural Gas was down to $2.98
What’s Happening…
Abcann Global Corporation (ABCN) $0.99 (+0.0 or 0%)
No news posted
Aphria (APH) $5.10 (-$0.20 or 3.7%)
No news posted
Aurora Cannabis (ACB) $2.11 (-$0.11 or 4.9%)
Arorua and Radient announced positive results from joint venture research. They were testing Radient’s MAP extraction technology. The extraction yields 98% compared to 80-85% with other processes. The significant reduced process time of 5 minutes compared to 6 hours and the volume capability of 1,500 kg. / day.
CanniMed (CMED) $8.71 (-$0.91 or 10%)
CanniMed announced they will release 2nd Quarter results on June 12, 2017
Cannabis Wheaton Income (CBW) $1.16 (+$0.00 or 0%)
Trading halted
Canopy Growth Corp (WEED) $7.34 (-$0.16 or 2.1%)
No news posted
Cronos Group (MJN) $1.91 (-$0.24 or 11.1%)
No news posted
Emerald Health Botanicals (EMH) $1.09 (-$0.11 or 9.1%)
No news posted
Hydropothecary (THCX) $1.72 (+$.15 or 9.5%)
Hydropothecary announced that their investigation and current procedures have eliminated a previous pesticide use problem.
Maple Leaf Green World (MGW) $0.405 (-$.085 or 17.3%)
Maple Leaf announced that they are discontinuing any business with TheraCann International Benchmark Corporation due to billing irregularities and over-billing.
Newstrike (HIP) $0.305 (-$0.085 or 21.7%)
No news posted
OrganiGram (OGI) $2.23 (-$0.17 or 7%)
No news posted
Radient Technologies Inc. (RTI) $0.62 (-$0.11 or 15%)
See Aurora Cannabis (ACB)
Supreme Pharmaceuticals (SL:CNX) $1.37 (-$0.11 or 7.4%)
Supreme Pharmaceuticals begins trading on the TSXV under the symbol FIRE June 6, 2017
Resources;
Marketwired (ACB)
Business Wire (CMED)
Canada Newswire (CBW)
Marketwired (THCX)
Canada Newswire (MGW)
THIS IS NOT FINANCIAL ADVICE
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