Food and foreign products containing cannabis were officially legal in Canada
stimulating Thursday’s Canadian cannabis stocks rose
but Canada’s main stock index was basically flat
多伦多S＆P / TSX综合指数
Toronto S&P / TSX composite index
closed down 0.88 points to 16,426.30 points.
Cannabis’s share price was bright
including Hexo Corp, which rose 17.2%,
making health care stocks up 3.7%.
Allan Small, a senior investment adviser at
wealth management company Hollis Wealth said that
although the legalization of marijuana products has entered a new phase
it is unlikely that it will bring much benefit to the company’s share price
Before the legalization in October last year
the cannabis stocks showed a booming trend
Some companies’ stock prices soared by 500% or 600%
but they have fallen sharply in the past year
and some have fallen to the level of October 17, 2017.
Hexo Corp., the most-rising cannabis company on Thursday
will develop and sell cannabis canned beverages with Truss
The company said it will launch mass production before the end of this year
including bubble water injected into the CBD and beverages containing THC.
Small believes that
the industry still needs to be consolidated
There are now too many players
who will know what is the real winner after a while.
Both crude oil and gold prices have risen
and the energy and materials sectors have also risen
November crude oil contract rose 57 US cents to 53.93 US dollars a barrel.
Statistics Canada reported that
manufacturing sales rose 0.8% in August
the Canadian dollar appreciated
with an average transaction price of 76.09 US cents
while the average price on Wednesday was 75.75 US cents.