Canadian Marijuana Stock Prices Rise

 Posted by at 11:47 AM on September 8, 2014  Marijuana Business News
Sep 082014
 September 8, 2014

marijuana stocksCannabis stocks are a very tricky business. Just about every cannabis company that offers stock in America is a scam. As I always say, they rely more on the hype surrounding the cannabis industry to sell their stock than they rely on the quality of their product or service. These companies are easy to spot. If you want to evaluate an American cannabis company’s stock, take a step back, look at their product or service, and ask yourself, ‘are people really buying this product or service right now?’ Or even better, ‘is there even a product or service that is actually for sale?’ Almost every time, the answer is no.

You would be better off buying magic beans than buying most cannabis stocks that are out there. If you are looking at buying cannabis related stocks, consider the stocks that are available in Canada. Whereas most American stocks are built on smoke and mirrors, some Canadian companies are built on cultivating medical cannabis for the Canadian government, which is a much more solid foundation. Two Canadian stocks are seeing solid growth. Per Marijuana Business Daily:

Bedrocan Cannabis Corp, which trades on the Toronto Stock Exchange under the symbol BED, rose as high as 1.45 Canadian dollars ($1.32) on Monday before closing at CA$1.17, about 38% above its issued price. Millions of shares changed hands, ranking it as one of the most heavily traded stocks of the day.

OrganiGram Holdings, which trades under the symbol OGI, saw its shares more than double from their issued price to close the day at 1.97 Canadian dollars. The stock reached as high as CA$2.40 at one point.

As with any investment, make sure to perform due diligence. Just because these stocks are rising right now, doesn’t mean that they always will. Research the companies and make sure to keep a close eye on Canadian politics. The politics that surround cannabis, Canadian or otherwise, largely affect the industry. I’m not personally going to buy any Canadian cannabis stocks yet, but I’m definitely keeping a close eye on them to see how they develop over time.

Source: International Cannabis Business Conference

About Johnny Green

Johnny Green is a marijuana activist from Oregon. He has a Bachelor's Degree in Public Policy. Follow Johnny Green on Facebook and Twitter. Also, feel free to email any concerns.
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  • BS IN BS

    You’re a fucking idiot. You got a worthless degree that makes you sound brighter than you really are. People who think like you missed the era, too.

  • Mike Jackson

    Johnny Green is not a fucking idiot. He is merely an idiot. The vast majority of publicly traded MMJ companies in Canada are scammed, run by Canadian stock promoters out of Vancouver, BC, the pump and dump capital of the world. The vast majority of these companies were so-called “natural resources” companies (Canadian speak for companies that purchase gold mining rights and never has a plan or desire to dig for gold). Buying shares of a publicly traded Canadian MMJ deal is dumber than believing that global warming is 100% man made. Please dear reader do not listen to a guy named “johnny green” who got a degree in “public policy”!!! Bedrocan grows pot in The Nederlands and then imports it into Canada. Johnny G believes they are growing and selling MMJ to the Canadian government!!! Really? They grow it in Europe they import it into Canada and they sell it directly to users. They don’t sell it to the Canadian government. Don’t listen to this idiot. And OrganiGram Holdings looks like it has a lot of promise, but it just finished its grow facility. They have not made any money. Before they were in this business they were a mining company that purchased mining rights but had never dug a hole in the ground. Johnny Green needs to stay the hell away from commenting on the public markets of MMJ because he is an idiot, unfortunately.

    • David

      tweed TWD is a Canadian company with sales large sales.