Cannabis watch: Cannabis stocks were both in the green and the red today. While Cannabis Wheaton (CVE:CBW) found itself in the green zone, Golden Leaf Holdings (CNSX:GLH), Nutritional High International (CNSX:EAT) and Liberty Leaf Holdings (CNSX:LIB) found themselves in the red.
So, what happened?
Canadian Cannabis Stocks Down | May 16, 2018
- Golden Leaf Holdings
According to Google Finance, at 4:00 p.m EDT, Golden Leaf Holdings was trading at $0.24. This put the GLH stock down 2.08%. The company has a market cap of 134.50 million.
Golden Leaf Holdings has been pretty quiet this month, so maybe that’s why the stock performed poorly today. Are investors turning bearish, due to a lack of innovation? The last announcement GLH made was on May 8th, and a few days before that, Golden Leaf Holdings was one of the worst performing stocks of the day. On the 8th, Golden Leaf Holdings announced that it will be presenting at the Annual Cannabis Conference in New York. The conference is tomorrow, at 2:00 p.m. ET.
- Nutritional High International (CNSX:EAT)
According to Google Finance, at 3:59 p.m. EDT, Nutritional High was trading at $0.40. This put the stock down 2.47%. The Canadian cannabis company has a market cap of less than 200 million.
This week, Nutritional High made headlines. The news was positive too, so it doesn't explain today’s drop. A press release surfaced that Xanthic Biopharma entered into a LOI with the cannabis company. For those who don’t know, an LOI stands for a Letter of Intent.
- Liberty Leaf Holdings
Liberty Leaf was last seen trading at $0.30, according to Google Finance. This put the LIB stock down 6.25%. Liberty Leaf Holdings has a current market cap of 34.84 million. Will it hit $35 million this month? Check back in a couple weeks, we’ll see where Liberty Leaf is at then.
On Tuesday, it was announced that Liberty Leaf Holdings would be employing a three-tiered approach to the marijuana marketplace. Now, Liberty Leaf has shifted its focus on investing and building portfolios.
The Cannabis Takeaway
Were you surprised by any of these cannabis stocks today?
Featured Image: marianojosecastro via Pixabay
