In today’s trading session we are seeing the cannabis stocks move out of that consolidation and into the next leg up of the longer term uptrend.
News on the day includes analyst coverage of Aurora, licenses to Aurora’s Sky facility and the Medreleaf facility in Ontario increasing their total production capacity
To cap the day off we closed with 48North’s earnings demonstrating an 88% increase in revenue quarter over quarter, and a supply agreement with the province of Quebec!
Charts Reviewed in Today’s Video:
Horizons Marijuana Life Sciences ETF (HMMJ)
Aurora Cannabis (ACB)
Canopy Growth Corporation (CGC WEED)
48North Cannabis Corporation (NRTH)
Braingrid Limited (BGRD)
All of the above stocks are either on the Toronto Stock Exchange (TSX) or Canadian Securities Exchange (CSE), all of which have an OTC (US) or New York Stock Exchange (NYSE) equivalent ticker.
Disclaimer: Investing in the stock market is risky and should be completed through a professional financial advisor / firm. These videos are for entertainment purposes only.