Saturday , 25 January 2020


Marijuana Stocks Continued To Tank (-5%) Last Week But These 9 Bucked the Trend

The cannabis sector continued to tank across the board last week (-5%) on the heels of a -6% performance the previous week with only 4 Canadian Licensed Producers (LPs) and 5 American Multi-States Operators (MSOs) showing positive returns. Here are the stocks in question and the reasons for their “outstanding” performances:

By Lorimer Wilson, editor of munKNEE.com – Your KEY To Making Money!

As you can see from the table above only 4 Canadian pot stocks were in the black last week with the 2 best performers being:
  1. The Green Organic Dutchman Holdings (TSX:TGOD; OTCQX:TGODF), going up appreciably (+8%) due to: 
    • a recently inked agreement for increased funding totaling up to $103 million. (For more information visit the company’s website at www.TGOD.ca) and
  2. Delta 9 Cannabis Inc. (TSX:DN; OTCQX:VRNDF) going up slightly (2%) due to:
    • it receiving an updated processing license from Health Canada authorizing it to sell cannabis extracts, cannabis topicals, and edible cannabis products effective on January 5, 2020. ( For more information visit www.delta9.ca.)

The American segment of the cannabis industry had 5 companies showing considerable increases in their share prices with the top 3 performers being, namely:

  1. Liberty Health Sciences Inc. (CSE:LHS; OTCQX:LHSIF) +17%
    • stock responded positively to its Q2 financial report which showed:
  2. 4Front Ventures Corp. (CSE: FFNT; OTCQX:FFNTF) +13%
    • stock responded positively to its Q3 financial report which conveyed:
      • a 20% increase in its pro forma revenue over the previous quarter and
      • forward guidance of adjusted EBITDA of $10-15M in FY2020 and $45-50M in FY2021 (For more information visit https://4frontventures.com/investors.)
  3. C21 Investments Inc. (CSE:CXXI; OTC:CXXIF) +10%
    • stock responded positively to the fact that the company had reached an agreement to restructure payments for the $21.8 million balance remaining on its secured promissory note to maintain positive cash flow and position it for future growth. (For more information visit www.cxxi.ca.)

 

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