The Daily Dab: A Quick Hit On Cannabis Stocks 12/11/13

One of the strongest stocks in the sector surged on high volume, but the rest of the cannabis sector was mixed:

GrowLife (PHOT) blew through its November highs on very high volume following the announcement of the hiring of a new President, Marco Hegyi, who also joined the Board of Directors.  Rob Hunt, President of GrowLife Hydroponics, will be participating in a live webinar on Monday, December 16th (free registration).  While it’s not clear from the table due to a symbol change (from MWIP), MediSwipe (MWIPD), which effected its 10 for 1 reverse split today, ralled from an adjust $0.146, rallying 30% on very thin volume.  AVT, Inc. (AVTC) rose 4% on elevated volume.  GW Pharma (GWPH) rallied more than 11% after receiving a patent but totally reversed, posting its ninth consecutive day of a lower low than the prior day.

The larger movers to the downside were all smaller, thinly traded stocks.  Advanced Cannabis Solutions (CANN) dropped slightly.  This Colorado-based company completed a reverse merger this summer (formerly Promap, PMAP) and is focused on leasing grow facilities and providing ancillary services, initially in Colorado.  To learn more, you can read a recent interview with CEO Robert Frichtel. Cannabis (CBIS) posted another 52-week low, closing at that level as well.

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.  To learn more about the sector, download your free guide.  Also, please be sure to check out Arcview Market Research, where you can download the executive summary to their “The State of Legal Marijuana Markets 2nd Edition,” the definitive source for market sizes and high-level analysis of business trends in one of the fastest growing markets in the US.  Covering the medical marijuana and the emerging adult-use markets, the report provides a comprehensive overview and up-to-date data needed for those looking to expand their business, makes investments, or raise capital.