Despite broader equity markets remaining relatively quiet as of late, marijuana stocks have been on the move! Some specific news and more makes a few stocks from our global marijuana stock database worth paying extra attention to as the markets just opened for trading on Wednesday, August 30th.
ABcann Global Corp. (TSXV:ABCN)(OTC:ABCCF)(FRA:23Q)
After the market close yesterday, ABcann Global reported the company's second quarter earnings. In the release, ABcann highlighted the company's "strong cash position" resulting from numerous successful capital raises. We'll be watching shares of ABcann today given their recent earnings release.
Cronos Group Inc. (TSXV:MJN)(OTC:PRMCF)(FRA:7CI)
Cronos Group announced the company's second quarter financials yesterday. The company also announced that their ACMPR licensed producer, Peace Naturals Project has successfully completed its first shipment of medical cannabis oil to the Cayman Islands. We'll be keeping an eye on shares of Cronos given this exciting news!
Stony Hill Corp. (OTC:STNY)
Shares of Stony Hill Corp. have risen more than 4% on higher than average volume in each of the past two trading days. These gains come despite a lack of recent news from the company. We'll be keeping our eyes on shares of Stony Hill given this recent bullish activity.
Terra Tech Corp. (OTC:TRTC)
This morning, Terra Tech Corp. announced that the company has entered into a non-binding LOI to acquire a major stake in Nevada cultivation and production facilities. We'll be watching to see how the market reacts to this news.
WeedMD Inc. (TSXV:WMD)(OTC:WDDMF)(FRA:4WE)
This morning, WeedMD announced the company's second quarter earnings; their first after listing on the TSX Venture this April. The company generated $235,659 of revenue in its first (partial) quarter of sales. WeedMD received its license to sell on April 28th, and the majority of these revenues were generated in June. We'll be keeping an eye on shares of WeedMD as the markets digest their earnings report.
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