06:00:37 EDT Sun 27 Sep 2020
Enter Symbol
or Name

Login ID:

Cannabis Summary for May 5, 2020

2020-05-05 20:00 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 lost 0.65 point to 129.73 Tuesday, while the Canadian Securities Exchange Composite Index gained 4.2 points to 313.16. South of the border, Mota Ventures Corp. (MOTA) lost half a cent to 29.5 cents on 1.34 million shares after claiming to have seen "strong consumer demand" during the month of April.

Mota launched a hemp-based CBD brand in April called Natures Exclusive. The brand will offer a range of products such as CBD oil drops, CBD gummies, CBD pain relief cream, CBD skin serum and CBD coffee. The price of hemp biomass (which is used to make CBD) has fallen from over $40 a pound to under $10 in the last year, but in many cases those declines are yet to benefit the consumer. CBD products are still very expensive. For example, Mota sells a tub of 30 CBD gummies for $44.95 (U.S.), about $1.50 (U.S.) a gummy, or a 30-millilitre bottle of turmeric CBD oil for $64.95 (U.S.). The CBD coffee, meanwhile, goes for $34.95 (U.S.) a bag, more than double the price of high-end, non-CBD coffee. Mota makes wide-ranging claims about the products, from stress relief to pain relief to anti-inflammatory to sleep enhancement.

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.