Wednesday Conference Circuit Heating Up

Stocks started the day on a positive note. However, early strength fell to the flat line until the Fed meeting notes were released. Investors learned about the Fed’s internal conflicts over the decision for a rate hike, which seemed to bring a bit more uncertainty to risk assets. In general, it feels as though investors are at a fork in the road, which reminds us of Yogi Berra: “When you come to a fork in the road, take it.”

Lots of red filled the screen today in the cannabis sector, though the volume was still relatively light.

Daily Positive: Aphria (TSXV: APH.V) continues to deliver on its growth strategy with today’s press release announcing it has entered into referral agreements with two national organizations, potentially providing significant patient acquisition. The stock rose on the highest volume since the stock began trading. However, some profit taking set in as the day wore on.

The conference circuit is starting to heat up again as several public companies will be attending and speaking at conferences around the country for the remainder of the month. Coming up this weekend will be The Growth Capital Expo. We will be speaking at this event, along with other prominent cannabis investors.

Public companies are starting to issue press releases about their upcoming appearances. We wouldn’t be surprised to see some excitement return to the sector leading up to these series of events.

MJINews and Cannafundr are also hosting Marijuana Investor Summit, April 20-22, 2015, in Denver. The lineup of speakers is impressive and we look forward to attending.

The last week of the month includes the Marijuana Policy Project’s 20th anniversary gala and the ArcView Conference in Washington, D.C.

 

The discussion above is provided for informational purposes only and does not constitute an offer of, or solicitation for, any investment services or products offered by the author. The author is not making any investment recommendations and the opinions above do not constitute investment advice. Reference to above indices [and companies] is based on information provided by sources the author believes to be credible. Investing in the cannabis industry, as with other industries, presents certain risks including the risk of loss on an investment.

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