Cannabis stock news: We’re midway through the week, and Canadian cannabis stocks have found themselves in both the green and the red today. We’ll be looking at both kinds of stocks, with Cannabis Wheaton being the stock in the red, and Nutritional High in the green.
Cannabis Stock News | May 30, 2018
- Cannabis Wheaton (CVE:CBW)
According to Google Finance, at 2:45 p.m. EDT, Cannabis Wheaton was trading at $1.24. This means the stock was down 3.88% at the time. Still, Cannabis Wheaton is a small-cap company, with a market capitalization of less than 600 million.
Despite being ranked as one of the biggest cannabis stock losers last week, Cannabis Wheaton made a major announcement this week, specifically on Monday, so it’s a little surprising to see the stock trading down. On May 28, Cannabis Wheaton announced that its streaming partner (FV Pharma) can now start trading on the CSE.
- Nutritional High International (CNSX:EAT)
According to Google Finance, at 3:05 p.m. EDT, Nutritional High International was trading at $0.48. This means the stock was up 4.40% at the time. Like Cannabis Wheaton, Nutritional High International is a small-cap company, but its market cap is far lower than Cannabis Wheaton. Nutritional High has a market cap of around 135 million.
It’s nice to see Nutritional High in the green today, considering the cannabis stock was down yesterday. That being said, yesterday appeared to be a bit of a one off, as Nutritional High was making waves all of last week. Trading up, and making various announcements, including an update on the Calyx Southern California infrastructure.
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The Takeaway
It will be interesting, however, to see the direction the EAT stock takes tomorrow. Last week, it was one of the biggest cannabis stock gainers twice, and now it appears to have gotten its mojo back. But will it last? Check back in on Friday, we’ll try to catch you up.
Featured Image: Twitter
