Cannabis stock news: Another day, another look at the Canadian cannabis market. Who’s up? Who’s down? Well, today we are going to look at both. The cannabis stock trading in the green that we are going to be looking at is Leviathan Cannabis Group, while the cannabis stock in the red is Nutritional High International.
So, what’s going on? What caused one of these stocks to jump, and the other to fall? Let’s see what we can find out.
Cannabis Stock News | May 29, 2018
- Leviathan Cannabis Group (CNSX:EPIC)
According to Google Finance, at 2:41 p.m. EDT, Leviathan Cannabis was trading at $1.10. This means the stock was up 7.84%. Right now, the company has a market cap of $40.23 million. This makes it a small-cap company.
Despite there not being any news to report, Leviathan Cannabis did hit a new 52-week high today. The cannabis stock has been doing well on the market this month, even reaching a 52-week high on Monday, too. Leviathan Cannabis also soared last week, on the same day that it provided some more information on its Woodstock transaction.
If Leviathan Cannabis has moved into a pattern, then I wouldn’t be surprised if this cannabis stock ends up in the green tomorrow as well.
- Nutritional High International (CNSX:EAT)
Sadly, Nutritional High is down nearly 10% today. According to Google Finance, at 2:58 p.m. EDT, Nutritional High was trading at $0.44. This means the stock was down 6.32%.
Last week, Nutritional High was making waves. First, it announced the expansion of Calyx’s Southern California infrastructure, and the next day it was one of the biggest cannabis stock gainers. Same with the next day. So, perhaps Nutritional High has found itself in the red zone today because it has yet to make an announcement. Good thing it’s only Tuesday, so that means there’s still time!
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The Takeaway
Were you surprised by today’s cannabis stock news and the direction Tuesday’s trading day took? Let me know.
Featured Image: Twitter
