4:20 Market Report – June 29, 2017

Canadian Cannabis Market Overview

Well, what do you know I called it right for once. The markets plunged on Janet’s words. Dammit Janet! The scenario is scary, and only the beginning, it should be a full fledged free fall by Friday. Again only a guess.

Supreme (FIRE) announced yesterday that they had received approval for sales of medicinal product. This is in effect a license to print money as long as the sun shines. So, someone please explain to me why their stock saw an 11% drop in value?

The DJIA was DOWN 156.81 points or 0.73% to 21,294
The TSX was DOWN 142.16 points or 0.93% to 15,213

Commodities

Gold was down $4.40 for Gold at $1,244.70
Silver was down $0.14 to $16.65
Copper was up to $2.70
Oil was up to $44.84
Natural Gas was down to $3.05

What’s Happening…

Abcann Global Corporation (ABCN) $0.92 (+$0.02 or 2.2%)
Abcann announced that it has retained the services of Dr. Michael Shannon as its Chief Medical Consultant.
Dr. Shannon served in the Canadian Armed Forces for 31 years, and also as Deputy Surgeon General for Canada.

Aphria (APH) $5.30 (-$0.12 or 2.2%)
No news posted

Aurora Cannabis (ACB) $2.15 (-$0.01 or 0.4%)
Aurora announced it has surpassed 16,000 active registered patients less than 18 months

CanniMed (CMED) $8.09 (-$0.11 or 1.3%)
No news posted

Cannabis Wheaton Income (CBW) $1.06 (+$0.00 or 0%)
No news posted

Canopy Growth Corp (WEED) $7.95 (-$0.23 or 2.8%)
No news posted

Cronos Group (MJN) $1.79 (+$0.04 or 2.2%)
No news posted

Emerald Health Botanicals (EMH) $1.16 (-$0.02 or 1.6%)
No news posted

Hempco Food & Fiber Inc. (HEMP) $0.355 (-$0.015 or 4%)
No news posted

Hydropothecary (THCX) $1.30 (-$0.04 or 4.4%)
Hydropothecary released Q3 2017 results

Maple Leaf Green World (MGW) $0.32 (-$0.005 or 1.5)
No news posted

MedReleaf Corp. (LEAF) $8.38 (+$0.43 or 5.4%)
No news posted

Newstrike (HIP) $0.315 (+$0.01 or 3.2%)
No news posted

OrganiGram (OGI) $2.16 (-$0.06 or 2.7%)
No news posted

Radient Technologies Inc. (RTI) $0.49 (+$0.00 or 0%)
No news posted

Supreme Pharmaceuticals (FIRE) $1.22 (-$0.15 or 10.9%)
No news posted

WeedMD Inc. (RTI) $0.82 (+$0.02 or 2.5%)
No news posted

Resources:

Globe Newswire (ABCN)
Canada Newswire (ACB)
Marketwired (THCX)

THIS IS NOT FINANCIAL ADVICE

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