Feb 13, 2018 Caroline Harris

Two Canadian Cannabis Stocks Moving Higher Today

February has been a relatively volatile month. At the end of 2017, the Canadian cannabis market was making major waves, which caused a number of investors to believe the market will take 2018 by storm. While there have been a few cannabis stocks increasing over the past two months, we have also witnessed a number of Canadian cannabis stocks become stagnant in February.

Dwelling on the negative won’t help you, however. Of course, it’s important to know which stocks are seeing red, but it’s also equally as important to recognize which stocks are doing well. For these reasons, we’re going to look at two Canadian cannabis stocks trading higher today.

The Canadian Cannabis Market: Tuesday, February 13, 2018

We are quickly approaching the month of March, therefore looking to see which cannabis stocks are trading higher today will give us at least some sort of indication as to which stocks will be successful in the forthcoming month. Of course, there is no guarantee in the stock market, but it is helpful to have a picture in our minds. So, without further adieu, here are two Canadian cannabis stocks trading higher on the Canadian Securities Exchange today.

  1. CannaRoyalty Corporation (CNSX:CRZ)

Founded in 1985, and headquartered in Ottawa, CannaRoyalty Corp. is both an active operator and an active investor in the legal marijuana industry. This is the perfect company for anyone looking to invest in a diversified company in the cannabis market. In fact, it is one of Wall Street’s favorites. Not only does CannaRoyalty have a platform of 24 different holdings, it has also had a positive month of February thus far.

For instance, last week, CannaRoyalty launched the Bhang Vaporizer product portfolio to the region of Southern California. This caused the stock to increase nearly 10% on the OTC markets a few days later.

Today, as of this writing, CannaRoyalty is trading at $4.45 on the Canadian Securities Exchange. This puts the stock up $0.33, or 8.01%. As a point of comparison, Aurora Cannabis (TSE:ACB), which is another Canadian cannabis stock, was trading down $0.88 today.

  1. High Hampton Holdings (CNSX:HC)

Based in Vancouver, High Hampton Holdings is a cannabis industry investment company. The company was founded eight years ago and is known primarily for focusing on cannabis opportunities in the state of California.

>>Cannabis Wheaton Completes Inner Spirit Acquisition

Similar to CannaRoyalty, High Hampton has had a positive two months. In January, the company disclosed that it sent in its application for OTCQB listing, and then on February 9, the company announced a non-brokered private placement.

Today, High Hampton Holdings can be seen trading at $0.69 on the Canadian Securities Exchange, which puts the stock up $0.04, or 6.15%. For another point of comparison, Canopy Growth (TSE:WEED) was down $0.93 at one point during the afternoon.

The Takeaway

There is no guarantee these two stocks will continue to grow next month. However, based on all the success both have had in January and February, I will say that I think there could be a high chance that both will. In comparison to a number of other Canadian cannabis stocks, these two definitely have a competitive edge.

What do you think?

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