In both the United States and Canada, the cannabis sector has taken on the role of one of the fastest growing industries. Two years ago, the medical cannabis market was valued at $4.7 billion and it is now forecasted to increase to $13.3 billion by the year 2020.
For investors, the cannabis industry is extremely attractive, even though it has experienced some volatility this month. Moving into 2018, a number of investors were saying that the cannabis market was going to take the new year by storm. This is just one of the many reasons we’ve been keeping an eye on cannabis stocks throughout January.
Earlier this week, I reported on 4 Canadian cannabis stocks that were either increasing or decreasing on the market: Golden Leaf Holdings, Global Hemp Group, Nutritional High International, and Cannabix Technology. Today, because we already know the market can change in a matter of days, we’re going to do a follow up to see how these stocks are doing today, Friday, January 26.
Cannabis Stocks Today
- Golden Leaf Holdings (CSE:GLH) (OTCMKTS:GLDFF)
On Tuesday, this Toronto-based company was trading at $0.38 at one point during the trading day, which put the stock down $0.01, or 2.56%. The week before that, Golden Leaf Holdings was trading down nearly 10%. Today, Golden Leaf Holdings is having another rough today. Currently, the company is trading at $0.43, which puts the GLH stock down 1.15%.
- Global Hemp Group (CSE:GHG) (OTCMKTS:GLDFF):
On January 23, Global Hemp Group, which is based in Vancouver, started trading at $0.26 at one point during the session, which put the stock down $0.03, or 8.93%. Two weeks before that, the stock was trading down almost 20%. Today, Global Hemp Group appears to be making a slight comeback. Currently, the stock is trading at $0.24, putting the stock up $0.01, or 4.35%.
- Nutritional High International (CSE:EAT) (OTCMKTS:SPLIF)
Earlier this week, Nutritional High International was trading up nearly 10% after having traded down almost 15% the week before. Today, the Toronto-based company is seeing green again. Currently, Nutritional High International is trading at $0.70, which puts the stock up $0.03, or 4.48%.
4. Cannabix Technology (CSE:BLO) (OTCMKTS:BLOZF)
Last but not least, we have Burnaby-based Cannabix Technology. On Tuesday, Cannabix was trading up nearly 20%. Today, Cannabix Technology is trading up again, but not nearly as much as Tuesday. Currently, the company is trading at $3.04, putting the stock up $0.04, or 1.33%.
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