4:20 Market Report – June 28, 2017

in #investing7 years ago

Canadian Cannabis Market Overview

How high is too high? If you ask Janet Yellen, you can never be too high and you will never come down in your lifetime. I do like her party attitude but it translates to my ear as, run like your hair is on fire! Market drop to come soon, only a guess.

The DJIA was UP 145.84 points or 0.68% to 21,456
The TSX was UP 74.36 points or 0.49% to 15,355

Commodities

Gold was up $3.30 for Gold at $1,250.20
Silver was up $0.19 to $16.85
Copper was up to $2.68
Oil was up to $44.74
Natural Gas was up to $3.06

What’s Happening…

Abcann Global Corporation (ABCN) $0.90 (+$0.00 or 0%)
No news posted

Aphria (APH) $5.42 (+$0.08 or 1.1%)
No news posted

Aurora Cannabis (ACB) $2.16 (+$0.01 or 0.4%)
Aurora and WeedMD have struck a strategic agreement that allows for WeedMD to utilize Aurora’s educational resources and WeedMD can sell any oversupply of product above patient needs to Aurora

CanniMed (CMED) $8.20 (+$0.20 or 2.5%)
No news posted

Cannabis Wheaton Income (CBW) $1.06 (+$0.09 or 9.2%)
No news posted

Canopy Growth Corp (WEED) $8.18 (+$0.19 or 2.3%)
No news posted

Cronos Group (MJN) $1.75 (-$0.03 or 1.6%)
No news posted

Emerald Health Botanicals (EMH) $1.18 (-$0.01 or 0.8%)
No news posted

Hempco Food & Fiber Inc. (HEMP) $0.37 (-$0.005 or 1.3%)
No news posted

Hydropothecary (THCX) $1.36 (-$0.09 or 6.2%)
No news posted

Maple Leaf Green World (MGW) $0.325 (-$0.01 or 2.9)
No news posted

MedReleaf Corp. (LEAF) $7.95 (-$0.25 or 3%)
MedReleaf announced Fiscal Year 2017 results
Highlights
• Sales of $40.3 million, an increase of 109% from the prior year
• Adjusted Product Contribution Margin of $30.9 million, an increase of 159% from the prior year
• Adjusted EBITDA of $13.9 million, an increase of 200% from the prior year
• Sold 3,668.1 kilograms of cannabis products, an increase of 117% from the prior year
• Adjusted product contribution margin per gram sold of $8.42 compared to $7.06 in the prior year
• Cash cost per gram produced of $1.73 compared to $3.23 in the prior year
• In July 2016, completed the purchase of a 210,596 square foot production facility in Bradford, Ontario ("Bradford Facility")
• In November 2016, obtained a Health Canada Licence for the production and sale of cannabis extracted oils, and became the first Canadian Licensed Producer to bring cannabis capsules to market

Newstrike (HIP) $0.305 (-$0.015 or 4.6%)
No news posted

OrganiGram (OGI) $2.22 (+$0.02 or 0.9%)
No news posted

Radient Technologies Inc. (RTI) $0.49 (-$0.02 or 3.9%)
No news posted

Supreme Pharmaceuticals (FIRE) $1.37 (+$0.10 or 7.8%)
Supreme has been granted its permission to sell under the Access to Cannabis for Medical Purposes Regulations.

WeedMD Inc. (RTI) $0.80 (+$0.01 or 1.2%)
Aurora and WeedMD have struck a strategic agreement that allows for WeedMD to utilize Aurora’s educational resources and WeedMD can sell any oversupply of product above patient needs to Aurora

Resources:

Globe Newswire (ACB)
Canada Newswire (LEAF)
Marketwired (FIRE)

THIS IS NOT FINANCIAL ADVICE

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great article #upvote4upvote