Home Cannabis Which Cannabis Stocks Were in the Green on January 24?

Which Cannabis Stocks Were in the Green on January 24?

Cannabis Strategic Ventures

On January 24, Cannabis Strategic Ventures (NUGS) stock closed at $1.69, which is an ~8.33% rise compared to its closing price of $203.66 on January 23 and a decline of ~11% YTD (year-to-date). On January 16–17, the company’s stock price grew ~28.47% and ~22.16%, respectively.

On January 23, Cannabis Strategic Ventures stock declined ~10.34% to $1.56 from $1.74 the previous day. Cannabis Strategic Ventures hit its 52-week high of $5.94 on August 24 and its 52-week low of $1.02 on April 4.

Cannabis

Innovative Industrial Properties

On January 24, Innovative Industrial Properties (IIPR) stock grew ~1.70% to $57.90, which is also ~28% YTD (year-to-date) growth in January. The company hit its 52-week high of $59.90. Among the three analysts tracking Innovative Industrial Properties in January 2019, all of them recommended a “strong buy.” The consensus 12-month target price was $53.17, which is an ~8.17% discount over the company’s closing price of $57.90 on January 24.

GW Pharmaceuticals

GW Pharmaceuticals’ (GWPH) stock price closed at $138.25 on January 24, which is 42% YTD growth in January and ~1.84% higher than its previous closing price of $135.75. To learn more, read Here Are Some of GW Pharmaceuticals’ Key Growth Drivers.

Cannabis industry’s performance

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On January 24, the ETFMG Alternative Harvest ETF (MJ), which tracks global cannabis companies, grew ~1.83%. The Horizons Marijuana Life Sciences Index ETF (HMLSF), which tracks North American medical marijuana companies, grew ~2.14%.

HMLSF and MJ invest ~10.17% and ~5.95%, respectively, of their total portfolio holdings in GW Pharmaceuticals.

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