Canadian Cannabis Market Overview
Pot confuses them again. There was Cannabis Investment conference in Toronto that brought together the leaders in the growing and investment industries. The investors want to treat cannabis as they would a mining stock. You know they have to have an algorithm so they can high frequency trade or they are not happy. With mining stocks the harder they work the less of the resource they have left. With cannabis the harder you work the more you make in an ever reoccurring resource…
What do you think? Please comment
The DJIA was DOWN by 5.99 points or 0.3% to 21,076.
The TSX was UP 6.20 points or 0.04% to 15,416.
Commodities
Gold was up $10.60 for Gold at $1,270.40
Silver was up $0.13 to $17.33
Copper was down to $2.57
Oil was up to $49.75
Natural Gas was up to $3.26
What’s Happening…
Aphria (APH) $5.66 (+$0.20 or 3.6%)
No news posted
Aurora Cannabis (ACB) $2.49 (+$0.0 or 0%)
Aurora Cannabis announced their acquisition of Pedanios GmbH, a leading wholesale importer, exporter and distributor of medical cannabis in the European Union
CanniMed (CMED) $9.30 (+$0.23 or 2.5%)
No news posted
Cannabis Wheaton Income (CBW) $1.17 (-$0.04 or 3.3%)
Trade halted 10:11 AM no resumption as yet
Canopy Growth Corp (WEED) $8.00 (+$0.35 or 3.7%)
No news posted
Cronos Group (MJN) $2.46 (+$0.16 or 6.9%)
Cronos has had a ground breaking ceremony for their 315,000 sq. ft. expansion that when completed would make their facility the world’s largest purpose built operation. The expansion includes 286,000 sq. ft. production area, a 28,000 sq. ft. greenhouse and a 1,200 sq. ft. extraction lab.
Emerald Health Botanicals (EMH) $1.26 (+$0.13 or 11.3%)
No news posted
Hydropothecary (THCX) $1.75 (-$.00 or 0%)
No news posted
Maple Leaf Green World (MGW) $0.50 (-$.02 or 3.85%)
Maple Leaf Green World has hired Paramount Structure to design, engineer and construct two facilities. Their BC location will be 80,000 sq. ft and their Nevada operation will be 33,500 sq. ft.
OrganiGram (OGI) $2.51 (+$0.02 or 0.8%)
No news posted
Radient Technologies Inc. (RTI) $0.75 (+$0.04 or 5.6%)
No news posted
Supreme Pharmaceuticals (SL:CNX) $1.43 (+$0.02 or 1.4%)
No news posted
Resources;
Célia Berlemont SmallCapPower
http://www.mlgreenworld.com/mgw_news/maple-leaf-engages-paramount-structures-build-telkwa-b-c-henderson-nevada-facilities/
http://thecronosgroup.com/press-release/cronos-breaks-ground-worlds-largest-purpose-built-indoor-cannabis-facility/
Canada Newswire
THIS IS NOT FINANCIAL ADVICE
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Everyone enjoy your weekend, be safe and remember, If You Weren’t Wasted Then Your Weekend Was