OTCPK:NWKRF - Post by User
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GangstersPardison Mar 06, 2018 6:36pm
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Post# 27671986
were in the top 3 leading the pack
were in the top 3 leading the pack
Newstrike Resources Ltd Aurora Cannabis, and CanniMed Therapeutics Inc Lead the Canadian Marijuana Index BENJAMIN A. SMITH MARCH 6, 2018 0 SHARE Newstrike Resources Ltd (CVE:HIP) (OTCMKTS:NWKRF) (FRA:0N8), Aurora Cannabis Inc (TSE:ACB) has been the second biggest percentage gainer off the February 28 lows. We recently wrote about the huge aggregate short position increase from 3,563,600 shares to 51,576,069 (1,347.30%) following decision to hitch their wagon with CanniMed Therapeutics Inc. instead. Judging by the relentless nature of the bid, it would appear that significant short covering is taking place. In a continued flurry of momentum, Canadian cannabis stocks continued their surge off capitulation lows on Monday. The Canadian Marijuana Index (CMI) a basket of 24 of the biggest cannabis company in Canadarose 7.07%, finishing at 757.07. The close was the highest in three weeks and erased most of a February swoon which saw the CMI drop 19.44%. Rounding out the Top 3 winners category is MYM Nutraceuticals Inc., which has risen 41.41% over the past four sessions. The company has carried momentum stemming from approval to begin construction on a 1.5 million sq.ft. greenhouse at its Weedon QC production facility. The Weedon facility is scheduled to be completed by the end of 2020, and is capable of producing an estimated 150,000 kgs of cannabis at full capacity.