Tag: Michael Vodicka

Weed Wednesday Sales Growth Crushed Black Friday and Cyber Monday

Posted on by The INO.com Team

Analysis originally distributed on November 30, 2016 By: Michael Vodicka of Cannabis Stock Trades

While Cyber Monday and Black Friday did deliver solid sales growth, the cannabis industry was on a totally different level.

Joe Milton is the CEO of Baker, a cannabis industry software platform that connects dispensaries and customers with ordering systems, loyalty programs and message services. Baker operates in 175 dispensaries in seven U.S. states and Ontario.

In an interview with online publisher Westword, Milton reported huge sales gains across its network of users over the holidays.

From “Dispensaries Break Online Sales Records on Cyber Monday After a Very Green Friday” via Westword.

“Cyber Monday sales were up 70% from a ‘regular day’ while the average ticket price was up 230%.

According to Baker’s data, online orders went up 77 percent last week, when customers were using Baker’s loyalty program 65 percent more than they had in the previous two months.

On Black Friday, dispensaries across the state experienced almost twice the volume of a normal day.

Weed Wednesday saw 55 percent more orders than on a typical day and a 25 percent increase in the size of purchases, Milton notes. Baker also spotted a spike in concentrate sales.”

The spike in holiday sales is good news for the cannabis industry. Continue reading "Weed Wednesday Sales Growth Crushed Black Friday and Cyber Monday" →

Cannabis Stocks Flashing Buy After Worst Week Of Year

Posted on by The INO.com Team

Analysis originally distributed on November 23, 2016 By: Michael Vodicka of Cannabis Stock Trades

If anyone thought investing in weed stock was going to be easy, this week was a reality check.

Cannabis stocks collided with two obstacles in the last week.

The first, four of the largest Canadian medical marijuana stocks were temporarily halted because of high levels of volatility.

For example, last Wednesday Canopy Growth Corp (CGC) was surging into a new all-time high above $17 – up more than 20% on the day.

While that was great news for shareholders, it set off the Toronto Stock Exchanges (TSE) circuit breaker. Shares were temporarily halted so the exchange engines wouldn’t melt down like a hunk of warm cheese.

Aphria (APH), the second-largest Canadian medical marijuana company, and Organigram (OGI), the third-largest Canadian medical marijuana company, were also halted last week after hitting new all-time highs.

The trading halts only lasted a few minutes at a time.

However, damage was inflicted. Continue reading "Cannabis Stocks Flashing Buy After Worst Week Of Year" →

Canadian Cannabis Stocks are Surging

Posted on by The INO.com Team

Analysis originally distributed on November 16, 2016 By: Michael Vodicka of Cannabis Stock Trades

It’s been a tale of two markets for cannabis stocks.

On one hand, U.S. cannabis stocks have struggled since eight U.S. states approved new marijuana programs last Tuesday.

For example, industry leader Terra Tech (TRTC) is down 18% in the last five days. Kush Bottles (KSHB) is down 35%.

On the other, Canadian cannabis stocks have been killing it.

Canopy Growth Corp (CGC), the largest medical marijuana company in Canada is up 74% in the last week. Aphria (APH) is up 51%. Organigram (OGI) is up 46%.

Chart of Canopy Growth Corp.

Chart courtesy of StockCharts.com

This has a lot of cannabis investors scratching their heads.

After all, didn’t the U.S. market just see a big wave of legalization? Continue reading "Canadian Cannabis Stocks are Surging" →

The North American Marijuana Stock Index Is Up More Than 130% In The Last Six Weeks

Posted on by The INO.com Team

Analysis originally distributed on November 1, 2016 By: Michael Vodicka of Cannabis Stock Trades

Cannabis stocks are red hot.

The MJIC North American Marijuana Stock Index is up more than 130% in the last six weeks. Take a look below.

Chart of The MJIC North American Marijuana Stock Index

In the meantime, the S&P 500 is up 5% on the year.

I’m not trying to dis the S&P 500. These are the best companies in the world and that’s actually a respectable performance.

But for investors looking for growth, the question has been answered. Yes. Cannabis stocks are the place to be in 2016. Continue reading "The North American Marijuana Stock Index Is Up More Than 130% In The Last Six Weeks" →

5 Insider Tips To Multiply Your Income Like A Wall Street Pro

Posted on by admin

By: Michael Vodicka of Street Authority

In all my years in the market, I've never heard of such an incredible track record.

The IPO prospectus from high-frequency trading firm Virtu Financial reveals that in the past four years, the company has lost money in exactly one of 1,238 trading sessions.

J.P. Morgan didn't have a single losing day in 2013. Bank of America notched a perfect performance of its own in the first quarter of 2013.

Clearly, Wall Street trades and invests its own money a lot differently than the "buy and hold" strategy it preaches to its clients.

One of the best-kept secrets they use is selling options.

Does that sound scary? Intimidating? Continue reading "5 Insider Tips To Multiply Your Income Like A Wall Street Pro" →