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Buzz on the Bullboards: Canopy Growth still on fire

Stockhouse Editorial
0 Comments| November 7, 2017

Cannabis is again dominating discussions on the Stockhouse Bullboards, and leading the way in investor interest is the big dog: Canopy Growth Corporation (TSX: WEED, OTCQB: TWMJF, Forum). One week ago, we informed the Stockhouse audience that WEED had once again jumped to the top of the rankings, and it’s been at or near the top every day since.

With the Company’s stock up another 2% today, Canopy Growth is once again drawing huge hit totals on its Bullboard. A glance at the one-month chart of T.WEED shows why it has been drawing so much investor interest.

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A week ago, it was news of a strategic investment by Corona beer-maker, Constellation Brands which sent its share price soaring. Today WEED announced a joint venture with Farm to Farma to distribute Trokie® Lozenges.

As with one week ago, WEED isn’t the only cannabis Bullboard that is smoking with investor interest. Aurora Cannabis Inc (TSX: ACB, OTCQB: ACBFF, Forum) is right behind Canopy Growth in today’s rankings. However, a look at its one-month chart shows that ACB is ahead of WEED in terms of the jump in its share price, and Aurora was up another 8% today.

(click to enlarge)

Right behind the two cannabis companies was the new, hot junior gold miner, Novo Resources Corp (TSX: V.NVO, OTCQB: NSRPF, Forum). Its share price rose another 4.79% today on news regarding a strategy for non-core assets.

Behind NVO is a brand-new entrant in the Top-10 rankings: Fintech Select Ltd. (TSX: V.FTEC, OTCQB: SLXFF, Forum). FTEC is generating interest in its new “cryptocurrency solution”. Its share price was up a whopping 53.85% today.

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After that come more familiar names to regular Bullboard surfers: junior mining company Garibaldi Resources Corp. (TSX: V.GGI, OTCQB: GGIFF, Forum), cannabis company Aphria Inc. (TSX: APH, OTCQB: APHQF, Forum), tech darling Theralase Technologies Inc. (TSX: V.TLT, OTCQB: TLTFF, Forum), and industrial bellwether Bombardier Inc. (TSX: BBD.A, NASDAQ: BDRBF, Forum).

Closing out the Top-10, we have Hive Blockchain Technologies Ltd. (TSX: V.HIVE, OTCQB: PRELF, Forum). HIVE has reached the top of the Bullboard rankings, and is now a regular name on the Top-10. Stockhouse investors can likely expect to hear more about blockchain in an upcoming edition of Buzz on the Bullboards.

At the bottom of the Top-10 is a new name in the rankings, but a familiar name to gold mining investors, Kirkland Lake Gold Inc. (TSX: LK, NYSE: KL, Forum). KL’s share price popped by 6.74% today, despite a drop in the price of gold, on news of new success in its exploration program at the Swan Zone.

The action has been heating up again in recent weeks on the Stockhouse Bullboards, as is usually the case after Labour Day, when investors get serious about stocks after summer. Cannabis is once again hot. Blockchain is rising. And companies like Novo Resources remind investors that there are still big gains to be made in mining stocks.

To keep your fingers on the pulse of Canadian markets, the Stockhouse Bullboards are the place to be.



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