The cannabis market has become one to watch this year. In fact, the market has received so much attention that analysts are now forecasting the sector’s market cap to hit $55 billion in the next couple of years. For these reasons, it’s important to check in throughout the week to see which cannabis stocks are trading higher on both Canadian and American exchanges.
March 13, 2018: Canadian Cannabis Stocks Seeing Green
The trading day may only now be getting off the ground, but there are already two Canadian cannabis stocks trading significantly higher. For today’s cannabis watch, we are going to be taking a look at High Hampton Holdings and Nutritional High International Inc.
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High Hampton Holdings (CNSX:HC):
Based in Toronto, High Hampton Holdings is a cannabis sector investment company. Despite being a Canadian company, High Hampton focuses primarily on pursuing cannabis opportunities in the state of California. Despite not announcing anything since March 8, High Hampton is currently trading up more than 10%.
As of right now, High Hampton is trading at $0.86 on the Canadian Securities Exchange. This puts the HC stock up $0.09, or 11.69%. The stock has received 117 stock trades thus far. As mentioned, High Hampton hasn’t announced anything today that would explain the more than 10% jump, therefore it is likely investors are still on a high from the March 8th announcement. Last week, High Hampton Holdings disclosed that it has increased the size of its previously announced non-brokered private placement.
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Nutritional High International Inc. (CNSX:EAT) (OTCMKTS:SPLIF):
Earlier today, Nutritional High announced that it has entered into a non-binding letter of intent to obtain a 75% interest in a private, Las Vegas-based company: Green Therapeutics LLC. Considering the importance of this announcement, there’s no doubt in my mind that this is the reason behind Nutritional High’s more than 10% surge today.
Currently, the Toronto-based company is trading up $0.55 on the Canadian Securities Exchange, which puts the stock up $0.06, or 11.11%. The company currently has a market cap of 138.16 million. So far, Nutritional High has received 1,121 stock trades today. Nutritional High has also done well in the OTC market, trading up 10.26%.
Featured Image: twitter
