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Alan Brochstein
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Alan Brochstein, CFA has worked in the securities industry since 1986, primarily with the responsibility for managing investments in institutional environments until he founded AB Analytical Services in 2007 in order to provide independent research and consulting to registered investment... More
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420 Investor
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  • The Daily Dab: A Quick Hit On Cannabis Stocks 12/04/13
    The Daily Dab: A Quick Hit On Cannabis Stocks 12/04/13

    Cannabis stocks were mainly under pressure today, with some profit-taking hitting a couple of names that had jumped higher yesterday and the correction continuing in GW Pharma (GWPH) since almost touching $40 last week:

    (click to enlarge)

    FusionPharm (OTCPK:FSPM), Medical Cannabis Payment Solutions (OTCPK:REFG), MediSwipe (OTCQB:MWIP) and Endexx (OTCPK:EDXC) all moved higher by 5% or more, but the volume was well below average on each of them (and pretty tiny too). On the downside, mCig (OTCQB:MCIG), Advanced Cannabis Solutions (OTC:CANN), Cannabis Sciences (OTCPK:CBIS) and Medbox (OTCQB:MDBX) all declined more than 5%. Volume was heavy on CBIS, MDBX, and MCIG.

    GWPH traded almost $3.5mm in volume, 6X that of Medical Marijuana, Inc. (OTCPK:MJNA) as the stock continued its correction after spiking to almost $40 a week ago following the initiation by Piper Jaffray with a $73 target. The company presented this morning at their investor conference.

    Two big winners yesterday, MCIG and Terra Tech (OTCQB:TRTC), gave up some of their gains, both on heavier-than-normal volume. TRTC CEO Derek Peterson will be sharing details about his company on a live webinar (free registration) on December 18th. TRTC soared yesterday after the company announced an organic produce collaboration.

    The Daily Dab is brought to you by 420 Investor, a large and rapidly growing community of Green Rush investors seeking to capitalize on cannabis. To learn more about the sector, download your free guide.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Dec 04 7:54 PM | Link | 5 Comments
  • TRTC CEO Interview

    420 Investor Catches Up With Terra Tech CEO Derek Peterson

    420 Investor, Alan Brochstein

    Alan Brochstein, the "Cannabis Financial Analyst", launched 420 Investor in September to help investors and traders capitalize on the rapidly evolving cannabis market. Terra Tech (OTCQB:TRTC) is one of the publicly-traded companies in the sector that offers investors the potential to participate in the rapidly changing landscape.

    Join Alan on Wednesday, December 18th at 7:00 EST for a free webinar with TRTC CEO Derek Peterson, who will discuss the company's opportunities. Find out how Peterson, who also owns a medical marijuana dispensary in California, sees the medical and recreational markets evolving and how he is positioning the company to win a potential cannabis cultivation contract.

    FREE REGISTRATION

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: TRTC, Cannabis
    Dec 02 11:37 AM | Link | 18 Comments
  • MJNA - Thoughts On The SEC Inquiry

    MJNA is tanking hard. Beyond stop-losses being triggered, there are many potential fundamental reasons - weak Q3 results, the CANV dilution, the product safety accusations and the SEC inquiry (as of June 17th and disclosed in August through the OTC disclosure statement). It is the latter where I would like to share my thoughts.

    MJNA first announced its own internal investigation earlier this year. It began in January, as was disclosed in the Q1 filing (note that this should have been disclosed as a subsequent event in the annual report and wasn't). Keep in mind that every single director at that time has left the board with the exception of Michelle Sides, the Chairman and COO (rather alarming). Here is what was disclosed:

    READ MORE

    Tags: MJNA, Cannabis
    Nov 26 12:59 PM | Link | 14 Comments
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