It’s the last day of trading, and unfortunately, there are a few Canadian cannabis stocks that have found themselves in the red zone today, such as Cannabis Wheaton and Nutritional High International. We’ll be focusing on those two cannabis stocks for this article, primarily looking to see if there is certain cannabis news that could explain the stock drop.
Cannabis News | Stocks in the Red
- Cannabis Wheaton Income (CVE:CBW)
According to Google Finance, at 3:44 p.m. EDT, Cannabis Wheaton was trading at $1.54. This puts the stock down 3.46%. The Vancouver-based company has a market cap of less than 700 million.
Oddly enough, Cannabis Wheaton doesn’t have a reason for being down today. The cannabis company has made numerous announcements this month, most of which have been positive, but Cannabis Wheaton is still down for the second day in a row. Even yesterday Cannabis Wheaton announced that it had closed one of its previously announced acquisitions and the stock still dropped.
What do you think is causing this cannabis stock’s bad luck this week?
- Nutritional High International (CNSX:EAT)
At 3:59 p.m. EDT, according to Google Finance, Nutritional High was trading at $0.39. This puts the stock down 2.50%. Right now, Nutritional High is considered a small-cap company, holding a market cap of less than 200 million.
Like Cannabis Wheaton, Nutritional High does not have reason to be trading in the red today. The company has been fairly vocal this month, announcing a variety of new products. The last announcement came on Monday. For those who don’t know, Nutritional High is a Canadian company that focuses on developing and distributing products that are cannabis based.
The Cannabis Takeaway
Cannabis stocks fluctuate quite a bit, so it is very possible that both Nutritional High and Cannabis Wheaton could be back up in the green next week. What do you think, though? Is that going to happen?
Featured Image: Twitter
