10:32:03 EDT Tue 22 Sep 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Cannabis Summary for Feb. 5, 2020

2020-02-05 19:54 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The S&P/TSX Cannabis Index dropped 4.57 points to 202.74 Wednesday, while the Canadian Securities Exchange Composite Index fell 7.43 points to 408.66. Illinois recorded $39-million of recreational cannabis sales in January, 2020, the state's first month of recreational legalization. Despite Illinois having declined in population in six straight years, its population of 12.66 million people still makes it the sixth most populated state in the United States. Companies that have focused on Illinois include Cresco Labs Inc. (CL: $7.54), which is based in Illinois, as well as Green Thumb Industries Inc. (GTII: $11.69).

In company news, 48North Cannabis Corp. (NRTH) gained half a cent to 34 cents on 441,100 shares after announcing that it would release its fiscal first quarter results for the quarter ending Dec. 31, 2019, on Feb. 21. At the bottom of today's release, 48North revealed the departure of Kevin Helfand. The company did not even identify his position (he was chief operating officer), instead just offering a vague sentence saying that he had departed. There was no thank you to Mr. Helfand or any of the almost-obligatory platitudes that usually accompany such resignations. He had been COO since September, 2017.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.