Matt Maurer was quoted in “Heightened stock market interest in cannabis persists” on Law Times. Matt discusses the challenges in valuing cannabis companies and the changes that are still to come within the industry. The article was published on January 15, 2018.
Heightened stock market interest in cannabis persists
Written By Shannon Kari
Earlier this month, some online brokerages in Canada received numerous complaints from customers about delays in placing trades and temporary outages. An unexpected spike in trading volume was blamed in large part on trading in the shares of publicly listed cannabis-related stocks.
On one occasion, two days before Jan. 1, 2018, the Investment Industry Regulatory Organization of Canada halted trading in four of these stocks for about 10 minutes because of significant price swings in the shares…
The heavy volume and sudden swings in share price in these stocks has not been an isolated event in recent months.
Every bit of news related to the legalization of cannabis for recreational use in Canada can have an immediate impact on publicly traded companies because of the belief there are significant trading profits to be made.
Even an interview that Prime Minister Justin Trudeau gave to a Quebec television network in December, where he suggested that July was not a set date for marijuana legalization, resulted in a one-day drop in cannabis company shares.
The declines have been temporary, however…Read the full article at Law Times.