Cannabis Watch: We take a closer look at the cannabis market and see what’s happening with several cannabis companies for the day.
Today’s companies will be Namaste Technologies Inc. (CSE:N), MYM Nutraceuticals Inc. (CSE:MYM), and Cannabis Wheaton Income Corp. (TSXV:CBW).
Namaste Technologies Inc.
Namaste Technologies Inc. is one of the largest online retailers for medical cannabis across the globe. Through its subsidiary Cannmart Inc., Namaste is focusing on medical cannabis online retail specifically for the Canadian market.
Namaste trades on two markets. We will first delve into how it is doing on the American market, then how it is doing in the Canadian market.
Namaste Technologies is trading at $1.49 on the OTCQB market at the time of writing. As of right now, Nasmate is up $0.01, or 0.86%, from the previous closing price of $1.48. The day’s trading has ranged between $1.45 and $1.51, compared to the company’s 52-week range of $0.13 and $3.47.
On the Canadian end of things, Namaste Technologies is also experiencing green skies. Currently trading at $1.91, Namaste is up $0.03, or 1.60%, from the previous closing price of $1.88. The day’s trading has ranged between $1.84 and $1.94, while the 52-week range goes from $0.17 and $4.40.
Namaste is being relatively equally traded in both the American and Canadian markets. With trading closing in about 20 minutes, at the time of writing, Namaste looks likely to remain in the green for the day.
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MYM Nutraceuticals Inc.
MYM Nutraceuticals focuses on building, acquiring, and growing businesses in the cannabis sector.
MYM also trades on both the OTCQB and the CSE markets.
Unlike Namaste, MYM is suffering losses on both the American and Canadian markets.
Starting on the American side, MYM is currently trading at $1.87, which puts it down $0.13, or 6.50%, from the previous closing price of $2.00. The day’s trading has ranged between $1.84 and $1.98, compared to a 52-week range between $0.13 and $4.00.
MYM isn’t fairing much better on the CSE. In the Canadian market, MYM is trading at $2.38, which puts it down $0.13, or 5.18%, from the previous closing price of $2.51. The day’s trading has ranged between $2.34 and $2.48, while 52-week trading has ranged between $1.93 and $4.52.
There seems little chance of recovery for MYM on either exchange by the time the markets close.
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Cannabis Wheaton Income Corp.
Cannabis Wheaton is an investment company focused on the cannabis industry. The company hopes to provide investor returns via streams and capital appreciation in the Canadian cannabis space.
Cannabis Wheaton trades on the OTCQB and TSXV exchanges.
On the OTCQB exchange, Cannabis Wheaton is currently trading at $1.31, putting it down $0.07, or 5.07%, from its previous closing price of $1.38. The day’s trading has ranged between $1.31 and $1.42, making its current price the lowest of the day. The 52-week trading has ranged between $0.62 and $2.70.
On the TSXV, the company is trading at $1.66, putting it down $0.07, or 4.05%, from its previous closing price of $1,73. The day’s trading has ranged between $1.64 and $1.78, compared to the 52-week range of $0.03 and $2.97.
All three companies are trading fairly equally on both the American and Canadian markets; however, of the three cannabis companies highlighted today, only Namaste Technologies is performing well.
Featured image: rexmedlen
