The Daily Dab: A Quick Hit On Cannabis Stocks 03/04/14
Cannabis stocks enjoyed a strong rally, with 63% of the group advancing. There were 11 double-digit percentage gainers and no double-digit percentage losers. Stocks with volume above the 30-day average held steady for the third straight day at 30%, with 6 stocks trading over $5mm in value.
Cannabis Stocks: February Review
PharmaJanes (AEGY) was the leader on big volume following news of its merger back into SK3 Group (SKTO). Zoned Properties (ZDPY) broke to a new high as volume accelerated. Advanced Cannabis Solutions (CANN), another real estate play, also soared to a new high as volume jumped. Vape Holdings (VAPE) continued its ascent following the disclosure that it has lowered the shares to be issued in conjunction with its acquisitions of HIVE Ceramics. Creative Edge Nutrition (FITX) plunged early in heavy trading only to reverse and close higher on the most active trading in more than five weeks.
CannaVest (CANV) continued to give up ground after posting an all-time high of $201 last month, with volume picking up as investors reacted to talks of another capital raise. Plandai Biotechnology (PLPL) posted its lowest close since January 29th as volume picked up slightly. Dewmar Intl BMC (DEWM) fell, with volume contracting. mCig (MCIG) opened higher but reversed early, closing down on lower volume.
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