E Cannabis Central: Another Day (Wednesday), Another Decline (-1.8%)

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. 

 

Marijuana stocks continued declining down 1.8% today and are now down 2.1% already this month. As can be seen in the table below, decliners outnumbered gainers by a large number. This post outlines the reasons why 4 stocks experienced double digit moves in either direction.

Source: WeedStreet420

The cannabis market consists of 319 publicly-traded companies of which the vast majority trade for less than $1/share and it is acknowledged that even small changes in the price can have a very large affect on the percentage change.

Today's Largest Double Digit Winner

  1. Weekend Unlimited Industries Inc. (CSE: POT; OTCQB: WKULF) +23%
    • announced that the Company will be deploying True North Cannabis's specialized product upgrade process for the 2020 organic biomass grown on the Northern Lights Organics farm in northern British Columbia which will essentially raise the CBD percentage, while at the same time lowering the volume, which lowers the cost for extraction.

Today's Largest Double Digit Losers

  1. Benchmark Botanics Inc. (CSE: BBT)(BHHKF) -16%
    • the stock traded down based on general poor market sentiment
  2. KushCo Holdings Inc. (OTC: KSHB) -10%
    • the stock traded down based on general poor market sentiment
  3. Sundial Growers Inc. (NASDAQ: SNDL) - 10%
    • the stock bounced back marginally yesterday (+13%) from a 50% drop over the last two days of January with the company's announcement of the resignations of its CEO and COO but retreated today as investors remain very cautious given the cloud of uncertainty over the company.

This article discusses small-, micro- and nano-cap stocks so do your own careful due diligence. Visit munKNEE.com  (A ...

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