The Daily Dab: A Quick Hit On Cannabis Stocks 03/19/14

The sector opened higher but reversed, with 59% of the group declining.  There were 7 double-digit percentage gainers and  4 double-digit percentage losers.  Stocks with volume above the 30-day average was stable at 41%, with 8 stocks trading over $5mm in value.  

Primco Management (PMCM) moved to a three-week high on sharply higher volume.  Dewmar International BMC (DEWM) jumped on higher volume after releasing quarterly results.  Breedit (BRDT) shot to a record high on almost record volume.

CannaBusiness Group (CBGI) was sharply lower after an opening bell gap higher, with volume accelerating.  Yesterday’s big winner, Latteno Foods (LATF), reversed after testing yesterday’s highs, with volume contracting.  Growlife (PHOT) fell for a second consecutive day.  Vape Holdings (VAPE) was weaker following a negative article on Seeking Alpha.

Press Releases:

• DEWM
• EAPH
• MJNA
• REFG
• TWD

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