Geometry Dash APK Hill Climb Racing APK
50 F
New York
Saturday, April 10, 2021

Medmen Enterprises Inc (OTCMKTS:MMNFF) Pulls Back From Highs as Buzz Cools Off

Must read

Drone Delivery Canada Corp (OTCMKTS:TAKOF) is Soaring after Roadmap Update

The drone industry has grown at a remarkable rate over the past five years or so and hence, it is no surprise...

Global Battery Metals Ltd (OTCMKTS:REZZF) in Focus: Trending Higher

Anyone who is tracking stocks that have made substantial gains over the course of the past month or so must not have...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Showing Strength After Patent Approval

Investors who believe in long-term wealth creation are often on the hunt for stocks that have recorded significant gains over a reasonable...

Tesoro Enterprises, Inc. (OTCMKTS:TSNP) Regains Momentum: What to Expect Now?

Tesoro Enterprises, Inc. Common Stock (OTCMKTS:TSNP) stock has managed to record significant gains ever since it announced its merger with HUMBL Inc...

Among the sectors which have bounced back in 2021, the cannabis sector is one of considerable interest since it had been in the doldrums even before the coronavirus pandemic hit.

One of the cannabis stocks to have had a pretty volatile week so far is that of Medmen Enterprises Inc (OTCMKTS:MMNFF).

Key Developments

The stock dived by as much as 50% last Thursday, but investors need to note that despite that decline, it was still 200% in the green for the week.

Considering the latest moves in Medmen Enterprises Inc (OTCMKTS:MMNFF) it could be worthwhile for investors to dive deeper into the company.

Earlier this month many marijuana stocks got strong winds in their sails after Democratic senators went on record and revealed that marijuana reform is going to be one of their top priorities. Naturally, it proved to be a massive boost for the sector and many stocks soared.

MedMen, which is one of the major players in the industry, saw its stock soar as well. The comments from the Senators came on February 4 and on the same day, the trading volume in the stock surged to as much as 47 million. At the time, the average daily trading volume in the MedMen stock was only 5.6 million shares.

On the other hand, it is also necessary to note that any kind of marijuana reform is expected to have a positive effect on some of the biggest firms. MedMen is certainly one of the bigger operators and at this point, it has set up operations in as many as 6 states in the United States.

Moreover, a total of 14 states have already legalized recreational marijuana and on top of that, many more states have legalized the medical variant as well.

Polls indicate the Americans are now increasingly in favor of marijuana legalization and if it happens at the Federal level, then it could be a major boost for not only the entire sector but also for MedMen.

Disclaimer: We hold no shares in MMNFF stock.

Latest article

Sundial Growers Inc (NASDAQ:SNDL) Struggles to Sustain At Higher Levels After Earnings

In recent times, plenty of cannabis stocks have been in action due to rising optimism about the sector and one such stock...

HUMBL Inc (OTCMKTS:TSNPD) On the Rebound as Investors Track Developments

If there is one stock that has captured the imagination of many investors over the past months, then it's that of HUMBL...

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

iMD Companies Inc (OTCMKTS:ICBU) Sees Epic Jump On Crypto Buzz

The meteoric rise in cryptocurrencies over the past few months has resulted in a lot of interest in stocks in companies which...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service