Pot penny stocks are shining green today on both US and Canadian markets! Tree of Knowledge International Corp (CSE:TOKI) is gaining some serious stock momentum on the CSE and so is SpeakEasy Cannabis Club Ltd. (CSE:EASY).
Today, we'll take a closer look at these two emerging pot penny stocks and why their shares are booming! If you've been looking to add a few cannabis-related penny stocks to your portfolio, you may want to take notes of these two!
Tree of Knowledge Shares Up +11%
Tree of Knowledge is an emerging pot penny stock but its rise in shares on the CSE today remains a mystery. The cannabis company hasn't released an update to its investors in well over a week.
TOKI began trading on the CSE in September of 2018, making it a new addition to current pot penny stocks. The stock has dropped -63% since it kicked off on the Canadian exchange. Today's comeback is promising though.
On March 5th, Tree of Knowledge announced a partnership with Pancare Consulting. The cannabis company will assist in Pancare's eight pain management clinics, which serve more than 100,000 patients across Canada. Tree of Knowledge produces and sells hemp-based CBD products and conducts research surrounding the use of CBD and pain management.
At the time of writing, the pot penny stock is trading at $0.29 a share, up +$0.03 (+11.53%).
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SpeakEasy Shares Up +14% After Private Placement
SpeakEasy is another emerging pot penny stock trading high on the CSE today! Unlike Tree of Knowledge, EASY stock has seen a significant rise this past month and is up +40% in 30 days.
This morning, SpeakEasy announced a new $5 million non-brokered private placement that has investors pleased. Unlike Tree of Knowledge, SpeakEasy has been trading on the CSE for quite some time and isn't considered a new cannabis company. Its current rise on the market is promising, especially considering its low price point.
At the time of writing, the pot penny stock is trading at $1.03 a share, up +$0.13 (+14.44%).
Shakedown
If you've been looking to add a few pot penny stocks to your portfolio, EASY and TOKI are ones to consider. With such a low entry point, the upside to these penny stocks could be extremely high. Both companies are expanding rapidly in the space and have some momentum as March comes to a close.
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