The Daily Dab: A Quick Hit On Cannabis Stocks 03/25/14

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Cannabis stocks were mixed after four consecutive declines, with half the companies rallying and the other half in decline.  This is a big week for the sector, with many of the companies scheduled to release annual filings or disclosures.  There were 8 double-digit percentage gainers and  6 double-digit percentage losers.  Stocks with volume above the 30-day average declined to 39%, with 6 stocks trading over $5mm in value.  5 of the 10 highest dollar-volume stocks rose in price.

 
Update on Canada’s New MMJ Rules

Direct (DIRV) exploded higher from a four-week base on massive volume.  Primco Management (PMCM) posted a new high as volume accelerated.   Latteno Foods (LATF) closed beneath the February peak but at its highest level in March, with volume picking up.  Advanced Cannabis Solutions (CANN) was strong from the opening bell and closed near the highs of the day, with volume falling.

Rapid Fire Marketing (RFMK) opened higher, failed at the prior day’s highs and gave up most of yesterday’s gains as  volume fell.   United Treatment Centers (UTRM) fell on sharply lower volume. Abattis Bioceuticals (ATTBF ) broke the 10ma, closing below it for the first time this month, with volume declining.   IMD Companies (ICBU)  gapped higher before reversing, with volume picking up.

Press Releases:

• DIRV
• EAPH
• ERBB/ICBU
• GRNH

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