Author: The INO.com Team

Cannabis Testing Company Sales Jump 438%

Posted on by The INO.com Team

Analysis originally distributed on March 21, 2018 By: Michael Vodicka of Cannabis Stock Trades

Cannabis testing services is a high-growth cannabis sub-industry.

According to data from cannabis industry media company, High Times, the cannabis lab testing industry was valued at $866MM in 2016.

With more countries legalizing cannabis, demand for testing is expected to soar, with the cannabis testing industry expected to grow to $1.4 billion by 2021.

Today - I am going to reveal a little-known cannabis company cashing in big time from this high-growth sub-industry.

  • Sales were up 438% in 12 months.
  • It continues to expand in high-growth California.
  • Shares are trading almost 50% below the 52-week high.

Evio Labs (OTC:EVIO) is a promising young cannabis company headquartered in Oregon with a market cap of $18MM.

I see a lot of growth potential for Evio. Continue reading "Cannabis Testing Company Sales Jump 438%" →

Easing Trade Tensions Move Stocks Higher

Posted on by The INO.com Team

Hello traders everywhere. After all of the tough talk on tariffs and looming trade war, it seems that China and the U.S. both agree that they need to work together. The news came out today that the two countries are in fact negotiating behind closed doors despite the shouting match in the media.

All three indexes are on the rise today after having a disastrous close to last week with the DOW leading the charge erasing Friday's losses and trading 500+ points higher.

Easing Trade Tensions

Facebook Inc. (FB) continues to come under pressure after the Federal Trade Commission said it has an open, non-public investigation into the company's privacy practices. It hit a session low of 149.02 in early trading and remains down 3% on the heavy trading volume.

Bitcoin continues to come under pressure and is trading back below 8,000 and looking to test the low set in early February of 6,801.47. However, bitcoin ETFs have gotten a vote of confidence from the CBOE. In a letter to the SEC, the CBOE said that "As the volumes continue to grow, especially on regulated U.S. markets, the overall spot bitcoin market looks more and more like a traditional commodity market and CBOE continues to believe that the spot market is sufficiently liquid to support a bitcoin ETP."

Key Levels To Watch This Week:

Continue reading "Easing Trade Tensions Move Stocks Higher" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Silver Futures

Silver futures in the May contract settled last Friday in New York at 16.27 an ounce while currently trading at 16.60 up about 33 cents for the trading week still stuck in a six week consolidation as prices continue to flip-flop on a daily basis. I am not involved in silver at this time, but I'm looking at a bullish position if prices break 16.89 as the chart structure is solid, therefore, the risk/reward would be in your favor. Volatility has started to increase this week as prices reacted positively off of the Federal Reserve announcement on interest rates earlier in the trading week. Silver prices are trading above their 20-day but still below their 100-day moving average which stands at 16.78 as that is also acting as resistance so be patient and wait for the breakout to occur. The U.S. dollar continues to trade in a sideways manner over the last several months and is lending very little support to silver. I think the Trump tariffs are pushing up the precious metals at this time as they are used as a flight to quality and if you have read any of my previous blogs you understand that I think historically speaking silver is very cheap. I do think prices are in a bottoming pattern with major support at the $16 level.
TREND: MIXED
CHART STRUCTURE: SOLID
VOLATILITY: INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →

Stock Market Retreats Into Weekend

Posted on by The INO.com Team

Hello traders everywhere. After opening slightly higher for the day, the stock market has once again retreated into negative territory. The S&P 500 and DOW are both posting losses of over 4% on the week while triggering new red weekly Trade Triangles. The NASDAQ is heading for a 5% loss on the week.

The recent volatility over trade turmoil has turned gold's "good week" into a great week as traders flock to the haven. Gold is up 1.6% on the day and 2.7% on the week, making it the best weekly gain in over a month.

Stock Market

Crude oil is looking to close out a great week with a 4.8% gain, its best weekly gain in ten weeks. Oil has maintained the $60 a barrel level as OPEC and its partners have trimmed inventories, helping crude stockpiles in the U.S. tick below the five-year average mark.

Bitcoin is going to post a weekly gain of 7.8% for the week after two consecutive weeks of losses. However, the push to break its 200-day MA has come under pressure as Bitcoin retreated from that level. The RSI also remains below the 50 level indicating that a bearish move could still be in play. Keep a close eye on Bitcoin as it tries to fight off the potential death cross.

Key Levels To Watch Next Week:

Continue reading "Stock Market Retreats Into Weekend" →

Canadian Cannabis Company Betting Big On Beverages

Posted on by The INO.com Team

Analysis originally distributed on March 14, 2018 By: Michael Vodicka of Cannabis Stock Trades

Cannabis beverages are quickly emerging as one of the fastest growing cannabis sub-industries.

For proof - look no further than Canopy Growth Corp (TWMJF), Canada's largest cannabis company.

Back in October, Canopy announced a groundbreaking $200 million investment from Constellation Brands (CONST), the third largest US beer distributor with Corona on the roster.

In the short run, news of the investment sent shares of Canopy soaring - jumping more than 100% in the next 10 weeks.

cannabis beverages

More importantly - the deal signaled an important shift in the Canadian cannabis industry. Continue reading "Canadian Cannabis Company Betting Big On Beverages" →