Cannabis Stock News, May 10th

Our team is tied up this weekend but you still need cannabis stock news! In lieu of a webcast, we’ve brought you the latest and greatest industry news and analysis via blog. We’ll be back later this week with more news and interviews. Make sure to subscribe to our newsletter and our Youtube channel so you don’t miss a thing.

Be advised that all information presented herein is strictly for educational purposes only and not considered as an endorsement to either buy or sell a security. Investing is inherently risky, investing in penny stocks considerably moreso. Consult with a licensed financial advisor before investing in securities.

Stock news:

MCIG reports best quarter in company history

This is great news for MCIG and illustrative of a broader trend in public cannabis stocks; some of them are actually making money. Companies like MCIG that can create appealing consumer brands and effectively market and sell products are going to start separating themselves from the herd.

Tweed expansion

TWD.V announced that building permits have been issued and infrastructure enhancements have commenced at Tweed Farms’ 20-acre property in southwestern Ontario.

The current phase of construction will add 316,000 sq. ft. of growing space and a separate 24,000 sq. ft. packaging facility with a storage vault. In the last year cannabis plants have been grown at Tweed Farms have using 34,000 sq. ft. of the 350,000 sq. ft. greenhouse.

Good to see them expanding, but I don’t see this as a trade worthy event.

NSAV news
NSAV recently acquired Pyrotree, formerly known as Code Kush, LLC. They are a web development firm dedicated to cannabis businesses. They offer a few different packages for startups including simple informational pages, e-commerce pages, and more robust stuff as well.

From the trading side, if it breaks up past .006, it might be worth riding the wave, but I wouldn’t expect it this week.

Totally Hemp Crazy Inc (THCZ) has added a new low calorie hemp infused beverage to their product line. They also announced additional production and distribution agreements in New Mexico and California.
THCZ has been great for traders, but I’m not sure they are super compelling for a long term investor. You really have to dig around OTC Markets to get some good info on them. The biggest red flag for me is that within the last 2 months, they’ve had 3 insiders sell shares totaling about 21 million.  I’m trying to imagine a universe where I buy shares after insiders start dumping. They aren’t dumping all of them, but from a trading standpoint, there was a list published by their attorney on April 6th that shows all these people that have convertible notes, most in the millions, some in the tens of millions that can convert and sell after a year, and some people are listed multiple times. Additionally, as of March 31st, their quarterly report shows 300K in the red, only 22K grossed. So that all just seems like a lot of extra risk to take as an investor that’s already throwing money into a high risk business like pot penny stocks.

Sources here, and here

Two Rivers water & Farming Company (TURV) and their subsidiary Growco Incorporated announced that they are expecting a certificate of occupancy for their first greenhouse grow facility within 45 days. They own a 91,000 square foot green house and a 15,000 square foot processing warehouse. Initial trials at their facility show 200% more growth efficiency than at converted warehouses, at half the cost per square foot. The company has secured 3 million in its current phase of support, with a total of 5 million expected to be sent their way. With their first tenants on the way, and plans to secure a second structure what does this mean for the markets?

Similar to the news from TWD. It’s good news but I don’t think it’s likely to effect short-term share price.

AFAI becomes Kaya Holdings Inc. (They own the Oregon based Kaya shop)

Recent Cannabis News:

Texas legal marijuana bill now in the house, CBD bill in the senate.

Louisiana looks to curb its enthusiasm for ultra-strict marijuana penalties.

Southern state legislatures moving on legal marijuana are effectively the canary in the coal mine for the war on marijuana. Barring the election of a strictly anti-drug President in 2016, the legalization train is going to be difficult to derail.

Also check out this great article by Ryan Barnes at MJINews, dissecting some nuances of public vs. private investments in the cannabis space.[/fusion_text][separator style_type=”single” top_margin=”” bottom_margin=”” sep_color=”” icon=”” width=”” class=”” id=””][fusion_text]Check out this unscripted testimonial from one of our sponsors, Elevated Products, LLC.[/fusion_text][youtube id=”XJ5ZbRfez6s” width=”600″ height=”350″ autoplay=”no” api_params=”” class=””][fusion_text]

Trading opportunity for the week:

GRCU, up 22% on Friday well over its average volume, looks like a good swing trade over the next week. 6M Chart below.


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