The industry and the Canopy Growth Corp. were going to be the next big thing for investors, but things have cooled down gradually over the past few months.
Tag Archives: Trading
Last week, two marijuana stocks skyrocketed by a double-digit percentage. Let’s take a closer look at the possible “why” behind these moves.
The recently debuted marijuana stock ETF, the Horizons Medical Marijuana Life Sciences ETF, has lost value for those who’ve decided to take the plunge.
MyDx (OTCQB:MYDX) stock chart technical analysis for March 31, 2017.
MyDx (OTCQB:MYDX) Stock Chart Technical Analysis for March 24, 2017.
Investors are incredibly excited about Canopy Growth Corporation. But we’re now looking at a situation where the stock has increased quite aggressively thanks mostly to the belief that the future is bright. And there are still many investors sitting on the sidelines wondering if they should consider this company.
Chris Blake, Senior Portfolio Manager, TD Wealth, explains what investors need to know before buying marijuana stocks.
Cannabis Science Inc (OTC:CBIS) — Stock Chart Technical Analysis for Jan. 23, 2017.
LOS ANGELES, Jan. 13, 2017 /Weed Wire/ — MJIC Inc. has completed its quarterly rebalancing of the Marijuana Index, adding 11 new cannabis companies to its North American Marijuana Index.
CanniMed Therapeutics Inc. became the latest and last medical marijuana company Thursday to go public in 2016, capping off a banner year in the burgeoning sector.
LOS ANGELES, May 12, 2016 /Weed Wire/ — P. Vincent Mehdizadeh, Co-Founder of PINEAPPLE EXPRESS, INC. (OTC Pink:PNPL) (the “Company”), commented on the SEC’s temporary suspension of PNPL trading from April 28, 2016 through May 11, 2016. The Company’s stock is eligible to resume trading May 12, 2016.
On April 28, 2016, the U.S. Securities and Exchange Commission announced the temporary suspension of trading in Pineapple Express (OTC: PNPL) due to unusual market activity in the company’s securities. The suspension started at 9:30 a.m. EDT today and will end at 11:59 p.m. EDT on May 11.
EAGLE POINT, Ore., April 26, 2016 /Weed Wire/ — The Grow Pro Daily a leading publisher for the Marijuana professional has featured Hemp Inc trading symbol (OTC PINK: HEMP) as a company of distinction. The publication provided a profile of the Hemp Inc plus recent video footage.
Chris Bunka, the CEO and Chair at Lexaria Corp. (CSE: LXX) (OTCQB: LXRP), suspects that market-makers and broker-dealers are engaged in something potentially illegal and certainly untoward in connection with the stock of the company.
SANTA ANA, Calif., Jan. 6, 2016 /Weed Wire/ — Kush Bottles, Inc. (OTC Markets: KSHB), a premier supplier of packaging solutions and accessories for the legal cannabis industry, announced today that its stock has begun trading on the open markets.
The attractiveness of an ETF that could lower the volatility and risk of making an investment into a single cannabis stock is quite evident. But is it feasible?
We were recently invited to the Harvard Club in New York City to cover a conference on cannabis investing as a roving reporter. The Harvard Club seemed to us to be rather more tweedy than weedy.
Sometimes the most difficult plight of new investors in the cannabis sector is to know where to start learning and what information to trust.
For new long-term cannabis investors, especially in the learning stages, daily stock charts can be like the sirens of information.
“Revolutionary,” “history-making” and a “unique opportunity” were among the many catchphrases and adjectives repeated by the attendees of the Marijuana Investor Summit in Denver, April 20-22, 2015.
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 were under pressure today. News flow was light and so was the overall interest. Friday, anyone?
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 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 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.
Many 4th quarter updates have been released from the cannabis sector. Not surprising, most of these companies are worth very little.
Could Canada’s first mover advantage in the business of marijuana translate into an industry that we could ultimately export to the United States?
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.
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.
Cannabis stocks started the day under selling pressure. However, the negative pressure eased a bit as broader markets lifted higher.
Volume is once again thinning in the cannabis sector. Risk-off sentiment in the broader markets may have a trickle-down effect on the participation in this high octane sector.
Cannabis stocks are facing dwindling participation. However, today was a “low volume levitation” kind of day.
We believe that 2015 is the year to “put up or shut up.” We believe companies that are able to execute and generate meaningful revenues will separate themselves from the pump and dump crowd.
Cannabis stocks ended the week on a mixed note. We are pleased to see better volumes and capital flowing to better names.
Equities continued to surge higher and recoup the recent weakness. Keep in mind that just a few days ago, the market was off to its worst start to a calendar year ever.
Cannabis stocks were moderately weak today. The sector is currently void of industry catalysts and therefore dependent on individual company updates.
It is quite possible that “buy the rumor, sell the news” has been experienced, as manipulators might have been pushing up prices ahead of last night’s “Marijuana Country: The Cannabis Boom” on CNBC Prime.
The holiday trading is now behind us and the initial sentiment for 2015 is starting off pretty weak. Does this feel similar to last year at this time?