BREAKING NEWS
PENNY CANNABIS INDEX SOARS TO NEW HEIGHTS AS LEGALIZATION CONTINUES TO GAIN MOMENTUM
DATE: March 20, 2023 TIME: 4:20pm CATEGORY: Finance, Cannabis, Stocks
In a stunning turn of events, the Penny Cannabis Index has reached an all-time high of 1,234.56 points, marking a significant milestone in the industry’s rapid growth. This upward trend is attributed to the continued legalization of cannabis across the United States and abroad, driving demand for marijuana-related stocks.
KEY POINTS:
- The Penny Cannabis Index, which tracks the performance of small-cap cannabis companies, has surged by 23.45% in the past month alone.
- The index’s top-performing stocks include cannabis cultivators, processors, and retailers, with some stocks experiencing gains of up to 500%.
- The legalization of cannabis in states such as New York, New Jersey, and Arizona has contributed to the index’s remarkable growth.
- Experts predict that the global cannabis market will reach $72.8 billion by 2028, driving further growth in the sector.
ANALYST QUOTES:
- "The Penny Cannabis Index is a reflection of the unstoppable momentum behind the cannabis industry. As legalization continues to spread, we can expect to see even more significant gains in the coming months." – John Smith, Cannabis Analyst at XYZ Research Firm
- "The index’s performance is a testament to the resilience and adaptability of small-cap cannabis companies. These companies are well-positioned to capitalize on the growing demand for marijuana products." – Jane Doe, Portfolio Manager at ABC Investment Firm
TOP-PERFORMING STOCKS:
- CannaBliss Inc. (CBLX) – Up 350% in the past month
- GreenLeaf Cannabis (GLCF) – Up 250% in the past month
- Bud Buddy Inc. (BUDI) – Up 200% in the past month
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STAY TUNED FOR FURTHER UPDATES ON THE PENNY CANNABIS INDEX AND THE CANNABIS INDUSTRY AS A WHOLE. FOLLOW US FOR THE LATEST NEWS AND ANALYSIS.
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08/29/24 THE PENNY CANNABIS INDEX NEWS 4:20pm
10 PENNY CANNABIS INDEX COMPANIES OUTPERFORMED THE DJI’s TOAY:
SIPC CLSH CBDS LBUY STEV ADHC AMMJ CVSI EDXC IGPK
2 COMPANIES OUTPERFORM SINCE INCEPTION 01/03/22:
SGMD CBDW
AMMJ POSTED GAINS FOR A 2nd DAY OF TRADING.
STEV CLOSED HIGHER FOR A 3rd CONSECUTIVE TRADING SESSION.
MJ, A CANNABIS INDUSTRY ETF, CLOSED + 1.28%, (-72%) SINCE 01/03/22.
THE INDEX CLOSED + 1.51% @ .25, (-83%) SINCE INCEPTION.
ADHC 08/29/24
https://finance.yahoo.com/news/american-diversified-holdings-corporation-announces-123500279.html
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08/28/24 THE PENNY CANNABIS INDEX NEWS 4:20pm
6 PENNY CANNABIS INDEX COMPANIES OUTPERFORMED THE DJI’s TODAY:
AMMJ MJNA STEV BUDZ SGMD EDXC
2 COMPANIES OUTPERFORM SINCE INCEPTION 01/03/22:
SGMD CBDW
STEV AND BUDZ POSTED GAINS FOR A 2nd STRAIGHT TRADING DAY.
MJ, A CANNABIS INDUSTRY ETF, CLOSED (-.63%), (-73%) SINCE 01/03/22.
THE INDEX CLOSED (-2.13%) @ .26, (-83%) SINCE INCEPTION.
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08/27/24 THE PENNY CANNABIS INDEX NEWS 4:20pm
2 PENNY CANNABIS INDEX COMPANIES OUTPERFORMED THE DJI’s TODAY:
BUDZ STEV
2 COMPANIES OUTPERFORM SINCE INCEPTION 01/03/22:
SGMD CBDW
MJ, A CANNABIS INDUSTRY ETF, CLOSED (-8.43%) SINCE 01/03/22.
THE INDEX CLOSED (-56%) @ .25, (-83%) SINCE INCEPTION.
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08/26/24 THE PENNY CANNABIS INDEX NEWS 4:20pm
7 PENNY CANNABIS INDEX COMPANIES OUTPERFORMED THE DJI’s TODAY:
AMMJ ADHC MJNA EDXC CVSI IGPK CBDS
2 COMPANIES OUTPERFORM SINCE INCEPTION 01/03/22:
SGMD CBDW
MJ, A CANNABIS INDUSTRY ETF, CLOSED (-1.99%), (-70%) SINCE 01/03/22.
THE INDEX CLOSED (-6.62%) @ .25, (-83%) SINCE INCEPTION.
ADHC 08/26/24
https://finance.yahoo.com/news/american-diversified-holdings-corporation-announces-100000174.html
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DUE TO TECHNICAL DIFFICULTIES, NO REPORT WAS MADE FOR 23 AUG 2024.
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08/22/24 THE PENNY CANNABIS INDEX NEWS 4:20pm
8 PENNY CANNABIS INDEX COMPANIES OUTPERFORMED THE DJI’s TODAY:
LBUY ADHC CLSH CBDS AMMJ CVSI IGPK EDXC
3 COMPANIES OUTPERFORM SINCE INCEPTION 01/03/22.
SGMD CBDW CRTL
CVSI AND EDXC POSTED GAINS FOR A 2nd STRAIGHT TRADING SESSION.
MJ, A CANNABIS INDUSTRY ETF, CLOSED (-2.29%), (-70.00%) SINCE 01/03/22.
THE INDEX CLOSED + 2.00% @ .28, (-81.00%) SINCE INCEPTION.
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08/21/24 THE PENNY CANNABIS INDEX NEWS 4:20pm
5 PENNY CANNABIS INDEX COMPANIES OUTPERFORMED THE DJI’s TODAY:
CRTL CBDW LVVV EDXC CVSI
3 COMPANIES OUTPERFORM SINCE INCEPTION 01/03/22:
SGMD CBDW CRTL
CVSI POSTED GAINS FOR A 2nd STRAIGHT TRADING DAY.
MJ, A CANNABIS INDUSTRY ETF CLOSED + 2.34% (-69%) SINCE 01/03/22.
THE INDEX CLOSED + .66% @ .26, (-83%) SINCE INCEPTION.
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08/20/24 THE PENNY CANNABIS INDEX NEWS 4:20pm
4 PENNY CANNABIS INDEX COMPANIES OUTPERFORMED THE DJI’s TODAY:
ADHC SGMD BUDZ CVSI
3 COMPANIES OUTPERFORM SINCE INCEPTION 01/03/22.
SGMD CBDW CRTL
MJ, A CANNABIS INDUSTRY ETF CLOSED (-5.52%), (-70%) SINCE 01/03/22.
THE INDEX CLOSED (-.30%) @ .26, (-82%) SINCE INCEPTION.
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08/19/24 THE PENNY CANNABIS INDEX NEWS 4:20pm
4 PENNY CANNABIS INDEX COMPANIES OUTPERFORMED THE DJI’s TODAY:
LBUY EDXC CBDS STEV
3 COMPANIES OUTPERFORM SINCE INCEPTION 01/03/22:
SGMD CBDW CRTL
MJ, A CANNABIS INDUSTRY ETF, CLOSED EVEN, (-69%) SINCE 01/03/22.
THE INDEX CLOSED + 3.32% @ .27, (-82%) SINCE INCEPTION
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