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Cannabis Summary for March 6, 2020

2020-03-06 19:14 ET - Market Summary

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by Stockwatch Business Reporter

Amid broader market losses, the S&P/TSX Cannabis Index dropped 10.36 points to 141.78 Friday, a new low since it was formed on Jan. 21. The Canadian Securities Exchange Composite Index fell 8.96 points to 326.83 Friday. Many bigger Canadian cannabis companies were among the decliners today. Aurora Cannabis Inc. (ACB) lost 21 cents to $1.56, Village Farms International Inc. (VFF) lost 55 cents to $4.55 and Canopy Growth Corp. (WEED) lost $1.98 to $20.47.

Melinda Rombouts's female-focused Eve & Co. Inc. (EVE) gained half a cent to 10 cents on 9.52 million shares after its subsidiary, Natural MedCo Ltd., received a European Union good manufacturing practice (EU GMP) certificate from the government of Upper Bavaria, Germany. The certificate allows Natural MedCo to ship cannabis products to the EU.

Eve & Co was halted at 6:15 a.m. PT this morning before it released the news. It then resumed trading at 8:30 a.m. PT after issuing the news and its shares quickly surged to 16.5 cents. The gains were short-lived though, as the company's shares retreated to 13 cents and then fell further, ending the day at 10 cents for a measly half-cent gain.

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Just looking at the dip tanking share prices for all of these jerk companies flogging mind poison.

Oh, how it hurts me.

Posted by joey johns at 2020-03-09 16:25