Support the 1st Amendment and Help Fight Bullying Pink-Sheet Companies
Cannabis stocks were weak for the fourth straight day, with 71% of the group declining. This is a big week for the sector, with many of the companies scheduled to release annual filings or disclosures. There were 6 double-digit percentage gainers and 12 double-digit percentage losers. Stocks with volume above the 30-day average rose to 49%, with 8 stocks trading over $5mm in value. 7 of the 10 highest dollar-volume stocks declined.
BreedIT (BRDT): Overvalued or a Hidden Gem?
Rapid Fire Marketing (RFMK) continued its climb following its announcement of an uplisting to OTC last week, with volume setting a record. IMD Companies (ICBU) posted a record high close on higher volume. Tranzbyte (ERBB) fell just shy of $0.10 with volume picking up - this stock began the year below $0.01. Terra Tech (TRTC) bounced back strongly, ending a slide as it filled some gaps it had left behind but on reduced volume.
The news in Canada regarding the phase-out of the old program weighed on Enertopia (ENRT), with volume accelerating. The big winner from Friday, Anything Tech Media (EXMT), gave up ground but on lower volume. CannaVest (CANV) continued its decline from $201 last month as volume picked up. Advance Cannabis Solutions (CANN) bounced off of the 50dma, with volume accelerating. GrowLife (PHOT) gapped lower following the drama related to its RXNB acquisition, which is now scheduled to close by early April. mCig (MCIG) was hammered by an article that questioned its valuation. The article was pulled after the market closed.
Press Releases:
Interested in Cannabis Stocks?
Learn about the risks and opportunities
Download Your Free Copy
The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis. For just a little over a dollar a day on an annual subscription ($420), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat and video updates. Find out why 420 Investors are addicted to the service. To learn more about the sector, download your free guide.
Comments