Cannabis Penny Stocks: National Access Clinic and 48North Cannabis

penny stocks

Cannabis penny stocks have dominated the TSXV and CSE in 2018. Earlier in the year news spread that Canada would legalize recreational adult-use cannabis and investors couldn’t get enough of these stocks. Now that cannabis is legalized across the country, cannabis penny stocks still have substantial daily movement on these markets. 

Today, we’ll take a closer look at the top cannabis penny stock movers in the first two weeks of December. 

Top Cannabis Penny Stocks in Early December

National Access Clinic Corp. (TSXV:META)

National Access Clinic Corp is headquartered in Ottawa, Ontario, and through its subsidiaries, owns and operates clinics in Canada. The cannabis company was formerly known as National Access Cannabis Corp but changed its name back in August of 2017.

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As of December 6th, the cannabis company licensed 18 cannabis retail stores in Alberta and Manitoba under the names NewLeaf and Meta Cannabis Supply. In the last five days, META shares have risen while most cannabis penny stocks have fallen.

Its rise can be attributed to the company’s latest announcement made four days ago. In this announcement, National Access provided retail sales and corporate updates to its investors. On December 6th, the cannabis company announced it had achieved $3.95 million in sales within 50 days, from its retail operations.

Despite its positive movement the last few days, National Access stock is down today. According to Yahoo Finance, META is currently trading at $0.68 a share, down -$0.02 (-2.86%). For the month, the cannabis penny stock is up +19.29%.

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48North Cannabis Corp (TSXV:NRTH)

48North Cannabis is a female health-based cannabis company that is headquartered out of Toronto, Ontario. The company stands out from the rest of the market due to its target audience and products geared toward women’s health. 

This past month the cannabis penny stock has seen exponential growth in its share prices. This is partially due to the company’s announcement made on December 3rd. At that time, 48North announced it had acquired Good & Green, and fulfilled its $10 million private placement with Canopy Growth (NYSE:CGC). Since the third of December, NRTH has been a trending stock on the TSXV. 

According to Yahoo Finance, the cannabis penny stock is trading at $0.71 a share, up +$0.010 (+1.43%). For the month, NRTH shares are up +47.9%.

Featured Image: Depositphotos/© AntonMatyukha

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