Canadian Cannabis Stocks Moving Higher: Golden Leaf and FinCanna Capital

    Author Caroline HarrisPosted on Categories CannabisTags , , , , , , , , , , , , , , , , , , , , , , , , , ,
    Canadian Cannabis Stocks

    The cannabis market appears to be fluctuating today. There are a few Canadian cannabis stocks soaring, while others are trading lower. Instead of focusing on the negative, this article is going to focus on two Canadian cannabis stocks, in particular, that are currently seeing green on the stock market.

    Canadian Cannabis Stocks: March 27, 2018.

    Today, we are going to be looking at the following companies: Golden Leaf Holdings and FinCanna Capital. One of these companies is trading up more than 5%.

    Golden Leaf Holdings (CNSX:GLH)

    Golden Leaf Holdings is a company that constantly witnesses its stock fluctuate. However, things seem to be looking up for the cannabis oil distributor. Earlier this week, on Tuesday, March 23, Golden Leaf Holdings was seen trading up 5.36% at one point during the session. Why? No reason, in particular.

    Things are a little different today. On Tuesday, Golden Leaf Holdings disclosed that it signed a letter of intent with BlackShire Capital Corp to roll out the Chalice Farms franchise model. For those who don’t know, BlackShire Capital is a Canadian Private Equity firm. Launching the Chalice Farms franchise model is significant news, as it would mark one of the first franchising deals of its kind in the cannabis sector.

    Bearing that in mind, are we really surprised to see the Golden Leaf stock in the green zone today? I’m certainly not. As of this writing, Golden Leaf Holdings is trading at $0.30 on the Canadian Securities Exchange. This puts the GLH stock up $0.02, or 7.14%.

    FinCanna Capital (CSE:CALI)

    Based in Vancouver, British Columbia, FinCanna Capital Corp. is a royalty investment company for licensed medical cannabis. It is known primarily for seeking investment opportunities in the medical cannabis industry in California.

    Despite not announcing anything new today, the FinCanna Capital stock has joined Golden Leaf Holdings in the green zone. Currently, FinCanna Capital is trading at $0.72 on the Canadian Securities Exchange. This puts the CALI stock up $0.02, or 2.86%. The company has received 65 stock trades thus far.

    Check back in later, to see a separate article focusing on the Canadian cannabis stocks that are trading lower today.

    Featured Image: twitter

    Author Caroline Harris
    About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.