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Cannabis stocks had a mixed day on Tuesday as U.S. marijuana markets shook off last week’s bottom and panicked selling dried up despite a poor showing in the Canadian sector. MJIC’s North American Marijuana Index posted significant gains on the strength of the U.S. market following Monday’s day off for the Martin Luther King Jr. holiday. Other cannabis indices showed marked increases, as well as the presumed market correction, began to shake out as investors showed confidence in the industry. Cannabis stocks did well on Tuesday in spite of a down day on Wall Street and the Canadian exchanges, with the broader markets falling for the first time in days.
Cannabis stocks skyrocketed in the latter half of 2017 as the industry prepared for its two most significant adult-use markets to open in the new year, California and Canada. The trend was evidenced in MJIC’s North American Marijuana Index, which showed a 61 percent increase in December alone. It was an evenly spread out trend, as both U.S. and Canadian stocks caught fire in closing out the year, with the United States Marijuana Index increasing by 35 percent and its Canadian counterpart soaring by 65 percent. Major players in the sector such as Canopy Growth(TSX:WEED), Aurora Cannabis (TSX:ACB) and Aphria Inc. (TSX:APH) dominated headlines as their market caps grew, by some estimates, to overtake the size of the entire industry.
For many of you, the GRE is the most nerve-wracking part of the graduate school application process. One test can determine your whole future. It is a computer-based, multiple-choice examination that can leave you doubting every answer. But with proper studying, and the right prep course, you can pass the GRE.
During the height of the 2008 election, Howard Zinn aptly summarized our every-four-year trip to the political Mt. Sinai. He noted, “...we have all been brought up to believe that voting is crucial in determining our destiny, that the most important act a citizen can engage in is to go to the polls…” Zinn’s more significant point was to lay bare the act of voting as a golden calf forged by the American populace.
You may be familiar with the old recovery cliche, “getting sober is easy; staying sober is hard.” Navigating your new life alone can seem like a daunting prospect. And now that you have given up on "people, places, and things," it is natural to desire the closeness of another person. Many addicts new to recovery jump into relationships to avoid feeling alone. The sense of possibility that recovery brings you may make you feel ready for a new relationship. But most experts suggest waiting a year before diving into romance.
Aurora Plans Hostile Takeover of CanniMed CanniMed Therapeutics Inc. (TSX:CMED) rejected a merger offer from Aurora Cannabis Inc. (TSX:ACB) The move set in motion a planned hostile takeover of the Canadian cannabis company. It follows CanniMed’s announcement of the acquisition of Newstrike Resources Ltd. (CVE:HIP) for CAD $248 million. Aurora will go straight to CanniMed shareholders. They will argue a merger creates more value and an “expanded international presence.”
Cannabix Technologies Inc.’s (CSE:BLO) (OTC PINK:BLOZF) recent patent filings for a cannabis-based Ignition Interlock Device have investors salivating. There is a lot of financial potential in the new technology. Stock prices rose almost 50 percent on the news in early November, from $0.45 a share to $0.70 a share. Over 1 million shares traded during that time.