Home Investing Five market head-shakers, from cannabis for your dog to Amazon’s amazing research...

Five market head-shakers, from cannabis for your dog to Amazon’s amazing research budget

273
0
SHARE

Investors are excited about the entire marijuana sector, including “pot for pets.”Don Emmert/AFP

One reason I love the market is that there is never really a dull moment. There is always something going on — whether it is company news, politics, global events, or a takeover — there is always something to analyze and/or react to.

The market also is a great giver of tidbits of information, and, occasionally, laughter. Then there are the times when you just have to shake your head, at the sheer craziness of it all.

So, without any set agenda, let’s take a look at five Market Fun Facts this week:

You will soon be able to get your dog stoned

CannTrust Holdings Inc. (TRST on TSX) at first looks like just another marijuana company, with a high (ha!) market cap ($628 million) and low sales ($20 million last year). However, it has entered into a partnership with Grey Wolf Animal Health to “develop ground-breaking cannabis products to support the well-being of pets.” I don’t know about you, but I am quite sure my dog doesn’t need to be more relaxed. Sure, I know there are some health applications for pets, and I love animals just like you. But TRST shares rose 7 per cent the day following this announcement, which simply highlights how excited investors are about the entire marijuana sector, even “pot for pets.”

SHARE
Previous articleTesla posts worst-ever quarterly loss, but says Model 3 production on track
Next articleVast system of underground vaults for the rich said to hoard $10-billion of Bitcoin

LEAVE A REPLY

Please enter your comment!
Please enter your name here