5 Momentum driven Canadian licensed producers

Canadian marijuana producers have been one of the hottest places to invest and over the last month, this sector has been trading higher on very strong volume.

A lot of this volume has been on the buy side and this has caused momentum to surge higher. Currently, Canopy Growth (WEED.TO) (TWMJF), Aurora (ACB.TO) (ACBFF), MedReleaf (LEAF.TO) (MEDFF), CannTrust (TRST.CN) (CNTTF), and CanniMed Therapeutics (CMED.TO) (CMMDF) are trading at overbought levels.

This rally has caught the attention of many investors and we have seen tremendous capital enter the market and LPs have seen a significant increase in the average daily trading volume on a month-over-month basis.

2017 is Looking a Lot Like 2016

In early October, we published an article discussing how Canadian marijuana producers were starting to break out and that the rally was being supported by strong volume.

We are favorable on this trend and look back to...

e-mail icon Facebook icon Twitter icon LinkedIn icon Reddit icon
Rate this article: