Cannabis Stocks: What The Growlife 'Un-Halt' Means
Post# of 1149
Posted On: 04/24/2014 9:30:28 AM
Cannabis Stocks: What The Growlife 'Un-Halt' Means For Investors In The Industry <br />Apr 24 2014, 00:56 | by Abdalla Al-ayrot <br />about: PHOT | includes: AVNE, CANN, CDFT, PTOG<br />Summary<br /><br />Growlife halt will expire 11:59 PM Thursday.<br />For investors its the effect on the retail interest, as it drives the momentum of the industry.<br />An increase in Growlife's price is likely to be a positive for the industry, while a big drop is likely to be a negative.<br />Growlife (OTC:OTC
HOT) will resume trading tomorrow as the halt ends 11:59 PM today following a one-week halt by the SEC. The reason for the halt was according to the SEC: "because of questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT's common stock."<br /><br />What remains crucial for investors is to measure and follow the development in the retail interest for cannabis stocks, as this is the driving factor behind the development in cannabis share prices.<br /><br />I have covered the SEC halt of Growlife and its effect on the rest of the industry in two other articles on Seeking Alpha. The first article focused on what the expected effect could have been, while my second article quantified and proved that the SEC halts of Growlife, Citadel EFT (OTC:OTC:CDFT), Advanced Cannabis Solutions (OTC:OTC:CANN), Aventura Equities, Inc. (OTC:OTC:AVNE) and Petrotech (OTC:OTCTOG) have been the driving factor behind the 50% decline in the Ayrot Cannabis Index (the index can be found here), as shown in the following chart:
HOT) will resume trading tomorrow as the halt ends 11:59 PM today following a one-week halt by the SEC. The reason for the halt was according to the SEC: "because of questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT's common stock."<br /><br />What remains crucial for investors is to measure and follow the development in the retail interest for cannabis stocks, as this is the driving factor behind the development in cannabis share prices.<br /><br />I have covered the SEC halt of Growlife and its effect on the rest of the industry in two other articles on Seeking Alpha. The first article focused on what the expected effect could have been, while my second article quantified and proved that the SEC halts of Growlife, Citadel EFT (OTC:OTC:CDFT), Advanced Cannabis Solutions (OTC:OTC:CANN), Aventura Equities, Inc. (OTC:OTC:AVNE) and Petrotech (OTC:OTCTOG) have been the driving factor behind the 50% decline in the Ayrot Cannabis Index (the index can be found here), as shown in the following chart:
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