Here’s the latest cannabis stock news. It’s the last day of trading for the week, and Canadian cannabis stocks are both in the green and the red. In this article, we are going to be looking at Nutritional High International and Golden Leaf Holdings. The latter is in the red zone.
Cannabis Stock News | June 8, 2018
- Nutritional High International (CSE:EAT)
According to Google Finance, at 3:12 p.m. EDT, Nutritional High International was trading at $0.48. This means the stock was up 3.23% at the time.
Despite not announcing anything today, Nutritional High International has had a good week. On June 5, Nutritional High International announced that it has extended its LoI to purchase Green Therapeutics, a Nevada-based cannabis company. The day before (Monday, June 4) Nutritional High announced that it has entered into an agreement with KMG International. This is a Hong-Kong based company.
Considering all that went on this week, it’s not surprising to see Nutritional High ending the week trading up. Let’s see if it continues on Monday, when stock market trading resumes.
- Golden Leaf Holdings (CSE:GLH)
At 3:27 p.m. EDT, according to Google Finance, Golden Leaf Holdings was trading at $0.24. This means the stock was down 2.08% at the time.
This is not the first time Golden Leaf Holdings has found itself in the red zone this week. Despite announcing that it is one of the five companies presenting at the Virtual Investor Conference, Golden Leaf Holdings was one of the biggest cannabis stock losers on Monday. The conference was yesterday, but it clearly didn’t have a positive effect on the market as the stock continues to trend downwards.
Golden Leaf Holdings appears to be ending the week in the same way that it started. Can things change on Monday, though?
The Takeaway
Do you have any predictions as to the direction these two cannabis stocks will head in next week? Are you expecting more cannabis stock news to surface?
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