KHRN Khiron Life Sciences Corp

PUBLISHED:  Jun 30 2020 10:29

I would like to wish all of our American subscribers a happy and safe Fourth of July and I also hope all of our Canadian subscribers have a happy and safe Canada Day.

Highlights: all currency references in this report are Canadian dollars except where noted otherwise

• The model portfolio had a reasonable week easing -2.1% compared with -1.8% for the Let’s Toke Business Marijuana Composite Index and a drop of -6.3% in the MJ Canada Index as adjusted.

1. The star of the portfolio last week was Sunniva (OTCMKTS: SNNVF) that closed at $0.17 per share for a gain of +6.9%. This is a great example of something that confuses many investors, namely, how does a stock rise when the company has just reported receiving a Cease Trading Order? There are many ways to try to explain it but here is one of my favourites. The stock market not a thermometer; it is a barometer. In other words, a thermometer tells you what the temperature is at present. A barometer gives you an indication of what the weather will be in the future. So SNNVF rising tells you what investors believe Sunniva’s future looks like and not how it is today.
2. IM Cannabis Corp. (CSE: IMCC) maintained its position as the largest holding in the portfolio. IMCC actually had a very positive week moving up to an all-time high of $1.34 per share before settling back to close at $1.18 per share. This was still a healthy +4.4% advance in a week where most of the indexes were lower. This week IMCC announced that in a peer reviewed study, two of the IM Cannabis branded strains recorded an improvement in those with migraine headaches in 60% of cases.

To read more from Ted Ohashi including an interview with the Chief Executive Officer of Khiron Life Sciences - CLICK HERE

Khiron Life Sciences (TSXV:KHRN)
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Khiron Life Sciences (TSXV:KHRN)
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