Cannabis Stock Sector Briefing

Weekly Cannabis Stock Review

An Exclusive Look Into a Growth Industry

comment on Cannabis Sector Briefing: Week 1 Like Cannabis Sector Briefing: Week 1 on Facebook share on Twitter
Medical Marijuana Inc

Medical Marijuana Inc.

Medical Marijuana Inc. had a tough week loosing -14.53% over the short 4-day holiday session. On Tuesday, the company announced their portfolio company CanChew Biotechnologies sucessfully launched an initial free trial of CanChew gum to 250 participants, and due to demand has increased the participant level to 500. This gum contains CBD, extracted from cannabis and  ingrediant in Sativex from GW Pharmaceuticals. CBD products have a national market as they remain unscheduled unlike THC, the other major chemical in cannabis which is Schedule 1. Red Dice Holdings LLC, another portfolio company, operates the Dixie Elixirs and Dixie X brand with a wide variaty of cannabis-based products for national distribution as well as products containing THC for medical-cannabis states.
Dixie Botanicals Premium Cannabis-Infused TopicalsDixie Elixirs Premium THC-Infused BeveragesDixie Edibles Premium THC-Infused Medicated EdiblesDixie Tictures Premium Shots and Sub Linguals for Fast Relief

Cannabis Science Inc

Cannabis Science Inc.

Cannabis Science filled its Quarterly Report early last week and was down -23.51% by week’s end. The quarterly results showed a net loss of more than $2 million this quarter, up from a $1.38 million loss last quarter. Cannabis Science disclosed it had resolved its legal dispute with Goldsmith Health Care, Ltd through a settlement agreement.

Marijuana Inc.

Hemp, Inc.

Hemp, Inc. started off the short trading week with a press release with details on one of the 4 companies being spun-off. The stock ended the week down -15.57%.

Rapid Fire Marketing

Rapid Fire Marketing

Rapid Fire Marketing ended the week down – 9.09%. On November 7th, the Company announced their 3rd Quarter Results and had an impressive increase of +695% in product sales while at the same time more than halving their losses from $1.1 million to $431,000. Their products include the CannaCig.

MedBox

MedBox, Inc.

After the elections on November 7th, MedBox was catapulted to over $215 per share on November 15th for a gain of +6428%. That rise was due in-part to a low float, leading to an eventual sell-off the day after of -90.24%. Medbox gained +22% ending the week at $61 per share up from a low of $30 on the 19th. Volume was still very low.

GrowLife Inc.

GrowLife, Inc.

The stock ended the week down -16.67%. CEO, Sterling Scott, was quoted in a recent MSN Money article as saying, “It was almost unthinkable 10 years ago that you would have legitimate, fully reporting to the SEC companies that were in the nature of pure plays, with positions in the medical marijuana industry.” On November 14th, in the Quarterly Report, Growlife reported a net loss of $1.58 million, down -43% from $2.78 million in the same period in 2011.

GreenGro Technologies, Inc.

GreenGro Technologies

GreenGro Technologies closed on Friday down -23.19% to $0.053. On November 6th the company announced sales will start on its VertaMax system.

Cynapsus Therapeutics Inc.

Cynapsus Therapeutics Inc.

The stock ended the short trading session down -9.09%. On the 23rd, Cynapsus announced the closing of its Private Placement in Canada. This comes after news of the Michael J. Fox Foundation awarding $947,925 to Cynapsusto be used solely for the Comparative Biostudy targeting treatment for Parkinson’s.

Tranzbyte Corporation

Tranzbyte Corporation

Tranzbyte ended the week even 0.00% and has gained +66.67% since the elections on November 7th. Altitude Organic, a subsidiary, announced the launch of an Arizona Caregiver Network as well as an effort to expand into the eighteenth state to legalize, Massachusetts.

Terra Tech Inc.

Terra Tech Corp.

Terra Tech’s CEO, Derek Peterson, was featured on Fox Business News’ The Willis Report but the stock slipped down -6.82% to close at $0.41.

MediSwipe Inc

MediSwipe, Inc.

MediSwipe ended the week up +18.92%. The companyannounced its Quarterly Report and a net loss for the period of $246,589 due in-part to the Company no longer being able to provide merchant services to approximately forty medical dispensaries and wellness centers throughout California and Colorado.

GW Pharmaceuticals

GW Pharmaceuticals

GW Pharmaceuticals ended the week down -4.04%, at $62.50.

SearchCore, Inc.

SearchCore, Inc.

SeachCore announced their 3rd Quarter Results on Monday and ended the week up +20.69%. Its revenue increased 21% year over year as well as EBITDA of $1.3 million as compared to $1.0 million in the third quarter of 2011.

Tags: , , , , , , , , , , , , , ,