Stocks started out with a positive bias, but the early bullishness waned as the day continued. Cannabis stocks started the week dragging. Apparently, they had a case of the Mondays.
Author Archives: Morgan Paxhia
Cannabis stocks struggled on this Friday trading session. Volumes were low, profit taking in recent high flyers, and poor trading behavior to cap out the week.
Cannabis stocks traded lightly with a positive bias. The 4/20 holiday is now behind us, 10ks are done, so cannabis traders and investors are looking toward the next potential catalyst. In the coming weeks, we will get a look at 10Qs for Q1.
News flow was very light in the cannabis sector, which is not very surprising given the day of the week. As a result, volumes were very low and prices mixed.
The cannabis sector welcomed the successful introduction of MassRoots (OTCQB: MSRT), with shares traded comfortably above $1 with great volume.
The conference circuit is starting to heat up again as several public companies will be attending and speaking at conferences around the country for the remainder of the month.
If one were to ask what health and food safety have to do with cannabis, the answer is a lot! Hemp is a vital part of the cannabis industry.
One of the best parts of being a cannabis investor is being able to witness history in the making on a daily basis. This time it is the announcement of the first cannabis tech IPO with MassRoots (OTC Pink: MSRT) preparing to come online this month.
Public stock investors in the cannabis industry are largely relegated to the over-the-counter marketplace. This is much different from stocks trading on an exchange, and far less expensive for companies to access.
The cannabis companies to watch are the ones who will be building out product lines and establishing messages that address women.
Cannabis stocks ended the first quarter of the year in the red as many companies continue to experience selling pressures and poor liquidity.
Calling all cannabis CEOs: the market is kindly asking for you to stop with press releases that recap industry updates.
Cannabis stocks were under pressure today. News flow was light and so was the overall interest. Friday, anyone?
Cannabis stocks just kind of bumped along again today. It is interesting how the collective consciousness of some investors can operate on the same wave length.
Wow, the low levels people will reach when trying to manipulate an OTC Pink name are truly fantastic. One brand in particular has been pump-pump-pumping away for weeks.
Does anyone recall the taper tantrum from a couple of years ago? In the midst of the massive Fed money printing, there was a brief period where the markets really struggled from fear of the Fed ending quantitative easing.
Cannabis traders hit the snooze button today as volumes were very slow to get going. Remember, low liquidity generally leads to wide bid/ask spreads and potentially larger % changes.
Cannabis stocks have not enjoyed the broad market enthusiasm, which is not surprising, but it remains disappointing.
Cannabis stocks are still working through their own issues. We saw several ridiculous press releases again that amounted to mostly nothing of value.
The need to be better about our use of water is very clear. As an industry, this is a must and as investors, it is important to evaluate what this means for the bottom line.
Cannabis stocks were skewed to the negative today as selling of pump and dump names continued.
Cannabis stocks began the week with mixed action. Volumes continue to be lackluster and some of the recently pumped stocks have now been left to crater.
Cannabis stocks were mostly lower today, not too surprising given the day of the week. Unfortunately, the earlier enthusiasm around the potentially game changing CARERS Act has quickly waned.
Stocks rebounded today as March volatility continues. This time markets were in rally mode with the S&P 500 climbing 1.26% to 2,066. U.S. stocks have crossed back into positive territory for the year.
Volumes in cannabis stocks are still light but price action was a bit better today. We saw less double digit decliners and some buyer interest in a few names.
Cannabis stocks started the week off with a mixed tone. Volume continues to be low for most stocks in the space. A sector void of catalysts, plagued with low quality, and still elevated valuations, makes for a tough environment.
MassRoots, the leading social media company in the cannabis space, is due to begin trading in the next month or so. Earlier this week, we saw continued progress toward the company’s public presence with the issuance of its ticker (OTC Pink: MSRT).
Cannabis stocks begin a new month with a long awaited new ticker, Indoor Harvest (OTC Pink: INQD). Despite the new shiny toy, the market remained quiet.
Cannabis stocks started the day off with an interesting press release out of Surna (OTCQB: SRNA) announcing that its CEO Tom Bollich will be stepping down.
Cannabis stocks were mixed again today. Some solid names hovering around lower levels, which again is frustrating and likely the effect of low volumes.
Cannabis stocks were pretty quiet today. A few announcements came out about companies looking to expand their product lines. We encourage companies to adapt and respond to market demands, but always watch for “me too” or trend hopping.
Cannabis stocks continued their trend of having a quiet day for Fridays. We have become accustomed to this.
Most quarterly updates have been released for cannabis stocks, outside of companies posting annual filings and delayed PINKs.
Many 4th quarter updates have been released from the cannabis sector. Not surprising, most of these companies are worth very little.
Cannabis stocks were mixed again today as participants were still working off the long Presidents Day weekend.
Volumes in the cannabis space were nonexistent. Not surprising given the general trend of Fridays and the day before a long weekend.
Great news and great work to all who participated in getting MassRoots back on the Apple iTunes store! This is progress for the company and also for the industry.
What we are learning is that when taxes are too high (such as in the state of Washington) it can help to continue fueling the black market. However, a “fair” tax structure can help fund government programs and improve society overall.
This market is starting to feel like “Waiting for Godot” as many seem to be sitting on the sidelines or selling existing positions, waiting for better opportunities.
Cannabis stocks were mixed today. Most stocks rising or declining double digits were on little to no volume. Liquidity and interest are still on the decline.
We can’t help but think how the burgeoning cannabis industry is contributing to putting America back to work.
Cannabis stocks are not feeling the same bullishness of broad markets. Cannabis stocks need to escape purgatory and that requires serious purging of low quality, capital-consuming cannabis stocks.
Cannabis stocks were mixed today as we end the hump day of the week. Volumes continue to be lackluster and overall press has died down on the back of ArcView’s first conference of 2015.
Cannabis stocks are not feeling quite the same positive risk sentiment as the broader markets. Investors, traders and speculators may be feeling a bit of fatigue with these seasoned tickers, many of which will amount to nothing.
Cannabis stocks started out the first trading day of the month with optimism. Are cannabis bulls returning to the space?
Cannabis stocks traded poorly today. Fridays are generally plagued by poor volume and price weakness. Month ends exhibit similar characteristics.
This year’s event was an historic event, as it was two days and hosted new investors from a range of backgrounds. The entrepreneurs are showing a new level of acumen and polish and are bringing great pitches to the events.
Cannabis stocks were mostly quiet today. Volume is becoming quite challenging as recent actions by the U.S. Treasury Department may take a big bite out of OTC PINK companies.
Feels like a Friday in the cannabis sector as stocks were under selling pressure with lighter volume.
Cannabis stocks started the day under selling pressure. However, the negative pressure eased a bit as broader markets lifted higher.