The Daily Dab: A Quick Hit On Cannabis Stocks 01/15/14
Key Considerations For Cannabis Stock Investors
Advanced Cannabis Solutions (CANN) was the leader for the second straight day, posting a new all-time high as investors bid up the shares in front of next week’s Arcview meeting in Las Vegas, where the company will present. CFO Chris Taylor is also scheduled as a guest on iCannabisRadio on Monday. CEO Robert Frichtel shared his vision in an interview last month. Medical Marijuana, Inc. (MJNA) traded in the green all day, with volume dipping. FusionPharm (FSPM) rallied after releasing its quarterly results for 9/30/13. Plandai Biotechnology (PLPL) soared on big volume following paid research about its cannabis extraction and stock promotion. Medbox (MDBX) continued to consolidate as volume fell.
Vape Holdings (PLPED) plunged again on increased volume as the company’s capital structure following a recent acquisition of HIVE Ceramics was clarified on Tuesday. mCig (MCIG), Cannabis Science (CBIS) and Tranzbyte (ERBB) all fell more than 10%, with CBIS volume accelerating and the others declining. Several other names fell 5-10%, including GrowLife (PHOT), the most active in terms of dollar volume, Greengro Technologies (GRNH), Creative Edge Nutrition(FITX) and Hemp, Inc. (HEMP) as volume abated.
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Source: http://ab.typepad.com/ab_analytical_services/2014/01/the-daily-dab-a-quick-hit-on-cannabis-stocks-011514.html
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