Canadian Cannabis Market Overview
Well, what do you know I called it right for once. The markets plunged on Janet’s words. Dammit Janet! The scenario is scary, and only the beginning, it should be a full fledged free fall by Friday. Again only a guess.
Supreme (FIRE) announced yesterday that they had received approval for sales of medicinal product. This is in effect a license to print money as long as the sun shines. So, someone please explain to me why their stock saw an 11% drop in value?
The DJIA was DOWN 156.81 points or 0.73% to 21,294
The TSX was DOWN 142.16 points or 0.93% to 15,213
Commodities
Gold was down $4.40 for Gold at $1,244.70
Silver was down $0.14 to $16.65
Copper was up to $2.70
Oil was up to $44.84
Natural Gas was down to $3.05
What’s Happening…
Abcann Global Corporation (ABCN) $0.92 (+$0.02 or 2.2%)
Abcann announced that it has retained the services of Dr. Michael Shannon as its Chief Medical Consultant.
Dr. Shannon served in the Canadian Armed Forces for 31 years, and also as Deputy Surgeon General for Canada.
Aphria (APH) $5.30 (-$0.12 or 2.2%)
No news posted
Aurora Cannabis (ACB) $2.15 (-$0.01 or 0.4%)
Aurora announced it has surpassed 16,000 active registered patients less than 18 months
CanniMed (CMED) $8.09 (-$0.11 or 1.3%)
No news posted
Cannabis Wheaton Income (CBW) $1.06 (+$0.00 or 0%)
No news posted
Canopy Growth Corp (WEED) $7.95 (-$0.23 or 2.8%)
No news posted
Cronos Group (MJN) $1.79 (+$0.04 or 2.2%)
No news posted
Emerald Health Botanicals (EMH) $1.16 (-$0.02 or 1.6%)
No news posted
Hempco Food & Fiber Inc. (HEMP) $0.355 (-$0.015 or 4%)
No news posted
Hydropothecary (THCX) $1.30 (-$0.04 or 4.4%)
Hydropothecary released Q3 2017 results
Maple Leaf Green World (MGW) $0.32 (-$0.005 or 1.5)
No news posted
MedReleaf Corp. (LEAF) $8.38 (+$0.43 or 5.4%)
No news posted
Newstrike (HIP) $0.315 (+$0.01 or 3.2%)
No news posted
OrganiGram (OGI) $2.16 (-$0.06 or 2.7%)
No news posted
Radient Technologies Inc. (RTI) $0.49 (+$0.00 or 0%)
No news posted
Supreme Pharmaceuticals (FIRE) $1.22 (-$0.15 or 10.9%)
No news posted
WeedMD Inc. (RTI) $0.82 (+$0.02 or 2.5%)
No news posted
Resources:
Globe Newswire (ABCN)
Canada Newswire (ACB)
Marketwired (THCX)
THIS IS NOT FINANCIAL ADVICE
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