Canadian Cannabis Market Overview
How high is too high? If you ask Janet Yellen, you can never be too high and you will never come down in your lifetime. I do like her party attitude but it translates to my ear as, run like your hair is on fire! Market drop to come soon, only a guess.
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What’s Happening…
Abcann Global Corporation (ABCN) $0.90 (+$0.00 or 0%)
No news posted
Aphria (APH) $5.42 (+$0.08 or 1.1%)
No news posted
Aurora Cannabis (ACB) $2.16 (+$0.01 or 0.4%)
Aurora and WeedMD have struck a strategic agreement that allows for WeedMD to utilize Aurora’s educational resources and WeedMD can sell any oversupply of product above patient needs to Aurora
CanniMed (CMED) $8.20 (+$0.20 or 2.5%)
No news posted
Cannabis Wheaton Income (CBW) $1.06 (+$0.09 or 9.2%)
No news posted
Canopy Growth Corp (WEED) $8.18 (+$0.19 or 2.3%)
No news posted
Cronos Group (MJN) $1.75 (-$0.03 or 1.6%)
No news posted
Emerald Health Botanicals (EMH) $1.18 (-$0.01 or 0.8%)
No news posted
Hempco Food & Fiber Inc. (HEMP) $0.37 (-$0.005 or 1.3%)
No news posted
Hydropothecary (THCX) $1.36 (-$0.09 or 6.2%)
No news posted
Maple Leaf Green World (MGW) $0.325 (-$0.01 or 2.9)
No news posted
MedReleaf Corp. (LEAF) $7.95 (-$0.25 or 3%)
MedReleaf announced Fiscal Year 2017 results
Highlights
• Sales of $40.3 million, an increase of 109% from the prior year
• Adjusted Product Contribution Margin of $30.9 million, an increase of 159% from the prior year
• Adjusted EBITDA of $13.9 million, an increase of 200% from the prior year
• Sold 3,668.1 kilograms of cannabis products, an increase of 117% from the prior year
• Adjusted product contribution margin per gram sold of $8.42 compared to $7.06 in the prior year
• Cash cost per gram produced of $1.73 compared to $3.23 in the prior year
• In July 2016, completed the purchase of a 210,596 square foot production facility in Bradford, Ontario ("Bradford Facility")
• In November 2016, obtained a Health Canada Licence for the production and sale of cannabis extracted oils, and became the first Canadian Licensed Producer to bring cannabis capsules to market
Newstrike (HIP) $0.305 (-$0.015 or 4.6%)
No news posted
OrganiGram (OGI) $2.22 (+$0.02 or 0.9%)
No news posted
Radient Technologies Inc. (RTI) $0.49 (-$0.02 or 3.9%)
No news posted
Supreme Pharmaceuticals (FIRE) $1.37 (+$0.10 or 7.8%)
Supreme has been granted its permission to sell under the Access to Cannabis for Medical Purposes Regulations.
WeedMD Inc. (RTI) $0.80 (+$0.01 or 1.2%)
Aurora and WeedMD have struck a strategic agreement that allows for WeedMD to utilize Aurora’s educational resources and WeedMD can sell any oversupply of product above patient needs to Aurora
Resources:
Globe Newswire (ACB)
Canada Newswire (LEAF)
Marketwired (FIRE)
THIS IS NOT FINANCIAL ADVICE
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