Seeking Alpha

227 Marijuana Stocks: Not Even 1 Stock Is Trading Above The 2017 Year-To-Date High

Summary

I use my Seeking Alpha portfolio of N=227 marijuana stocks to predict the likely impact of the upcoming tax loss selling and January effect sequence.

The financial news networks have reported that the Dow Jones Industrial Average is up more than 25% since Trump was elected U.S. President; so many stocks are “winners.”.

Not even a single stock in my portfolio of marijuana stocks is trading above the year-to-date high, making each and every one a “loser” and potential tax loss selling target.

Canadian legalization for summer 2018 and marijuana decriminalization measures likely for several U.S. states for November 2018 could DOUBLE the market for recreational marijuana in North America.

My recommendation is a simple one, be prepared to invest in marijuana stocks on or after December 20-21, 2017 and hold through November 2018.

This year is an atypical one. The general market is up more than 25% post-2016 Election Day. This means there are more "winners" than in a typical year. More "winners" means taxpayers will be required to sell more "losers" to offset capital gains, rebalance their portfolios, and minimize cash outflows for April 15, 2018, in the case of taxable accounts. Therefore, there will be more tax loss selling or harvesting behaviors running from November 2017 [for the "big cap" stocks] through late December 2017 [last minute "dumps" for the small and "micro cap" stocks). These represent over-reactions to the downside and buying opportunities.

The question remains, which stocks will be most likely to over-react on the late December 2017 downside and, therefore, experience the greatest rebound or recovery early in 2018, once selling pressures subside?

Note: This sequence for tax loss selling or harvesting and the January effect is not restricted to marijuana stocks. However, Canadian legalization for summer 2018 and marijuana decriminalization measures on state ballots for November 2018 Election Day are. It is, for this reason, that I focus on the marijuana or cannabis sector or segment of the economy. There are, of course, liquidity issues that may arise for these "penny" stocks [those trading below $5 per share], and while this may result in a significant bid/ask spread, this is not likely to represent a significant issue or barrier to profitability on the round-trip trade for the marijuana stocks, as long as you do not "chase" the stock up during the acquisition or buying process.

2 Marijuana Stock Examples of the Tax Loss Selling or Harvesting and January Effect Sequence

The first example is located in this SA Blog. A chart from the blog follows: The second example is located in this SA Blog. A chart from the blog follows:

In both of the above cases, there were clear, significant and very, very profitable tax loss selling or harvesting and January effect sequences.

My Background

My dissertation [1996] was a combination of tax and financial. I predicted that, in a "winning" year in the stock market, given the increased usage of online trading and electronic transfers, would result in tax payers being caught off-guard by unanticipated capital gains taxes, and having to sell or liquidate stocks on or about April 15 on subsequent calendar years to pay their individual income taxes. Of course, some would sell a bit before April 15, and some would sell a bit later than April 15, but I anticipated a normal distribution with a statistically significant peak on or about April 15 for years with this fact pattern. I actually "tracked" individual income tax events dates of this sort from 1913, the first year of the individual federal income tax, through the early 1990s, and found this to be true (e.g., statistically significant). Some publications in refereed academic journals resulted, but are not cited here.

In the process of developing the above hypothesis, I had to control for "noise" or independent variables that were not of interest. These independent variables included tax loss selling and the January effect, in addition to many others. There was a tremendous amount of literature on these "seasonal anomalies," particularly in the financial economics literature, so they were easy to identify and control for, allowing me to "tease out" the statistically significant impact that I was looking for.

In a stroke of good fortune, the Wall Street Journal verified my hypothesis, and did a very short telephone interview with me for a modest quote, as follows:

Margin Calls Rose Precipitously Friday, Adding Pressure to Sell-Off in Markets by Ruth Simon, Wall Street Journal (April 17, 2000: A3).

From this point forward, I decided to focus on event dates and seasonal anomalies as part of my overall investment strategy. I am sharing these insights with you.

Legal or Regulatory Events Represent Trading Opportunities

I like it when the wind is at my back. Stated, alternatively, legal and regulatory measures favoring or harmful to a sector or segment of the economy tend to make stocks go up or down, respectively.

When Obama was elected President, it was not a good time to invest in coal mining stocks, and, in fact, shorting these stocks could have made you very wealthy. It was, however, a good time to invest in green energy stocks.

When Trump was elected President, his plan to reduce corporate tax rates had to have a positive impact on corporate stock prices (e.g., take a look at any publicly traded firm, where a significant component of deferred tax liabilities would be debited and earnings credited or increased by any such successful effort, which must necessarily lead to an increase in earnings per share and likely followed by an increase in stock price per share).

The above are policy directions that have an impact.

The Marijuana or Cannabis Sector or Segment of the Economy

The marijuana or cannabis sector or segment of the economy is in its infancy, and small- and micro-cap stocks tend to trade less efficiently, when compared to mid- or big-cap stocks. In the case of the latter, tax loss selling or harvesting and the January effect still occurs, but the market is more efficient and these impacts tend to be statistically significant, but may not be economically significant, and may even be arbitraged into non-existence. Therefore, in order to profitably exploit the tax loss selling or harvesting and January effect sequence, it is important to identify "losers" trading in an inefficient market. The marijuana or cannabis sector or segment of the economy remains in its early growth stage and remains inefficient.

My Crystal Ball Gazing and Related Conclusions

This Seeking Alpha article summarizes my thoughts over the past 12 months or so. Effectively, if you have read this article and some of my others, you know that I anticipated an upside over-reaction for any positive results arising from favorable marijuana stocks ballot measures during the November 2016 elections.

Keep the following in mind, and in sequence, as I attempt to summarize the sequence that I anticipated and anticipate for the future:

1-The November 2016 ballot measures decriminalizing marijuana led to an upside over-reaction, and it was time to exit the sector.

2-December 20-21, 2016 was the best time to re-enter the marijuana sector, because so many of these firms are small and micro-caps, tend to trade inefficiently, were "losers," and "bag holders" buying after the November 2016 election decided to match these portfolio losers with winners at or near calendar year-end.

3-The January effect for 2017 was very strong, extended into and through February, and only came to a halt when attorney General Jeff Sessions remarked that he could not pick and choose which laws to enforce, including recreational marijuana laws, even in states voting for decriminalization. The marijuana sector or segment was looking to "put on the brakes," anyway.

Recall, that my equal-weighted portfolio of marijuana stocks was up 51% in January 2017. The Seeking Alpha article is here.

4-In the APPENDIX of this article I show you that N=227 marijuana stocks are trading below their year-to-date high. They are "losers." They will, in the absence of evidence to the contrary, be targeted for tax loss selling or harvesting this coming calendar year-end. There may be exceptions, but I focus on the sector or segment, as I want a "tail wind" to improve my odds when taking a long-term position in a marijuana stock.

5-Expect to see some of these stocks trading even lower than today, on or about December 20-21, 2017. You want to buy those with "high volume dumping" or downside over-reactions, because these are the very stocks that will recover, significantly and quickly, in early January.

6-Because Canadian legalization is targeted for summer 2018, and because [1] Vermont, [2] New Jersey, [3] Arizona, [4] Michigan, [5] Rhode Island, and [6] Connecticut are all likely to have decriminalization measures on their November 2018 ballots, you have a near doubling potential, from about 20%+ of the population in the U.S., already with legal access to recreational marijuana, to nearly 40% of North America (e.g., U.S. states listed at about 9% of the U.S. population plus Canada, with about 11% of the U.S. population). Market expansion is "everything" for a sector or segment of the economy, and causes upside over-reactions.

Could Something Go Wrong

Of course, Jeff Sessions could hold news conference in mid-January 2018, and say he is going to step up efforts to enforce Federal laws in every state where marijuana has been decriminalized, but I think he might be busy in other areas.

Summary

Buy and hold your favorite marijuana stock in late December 2017, hold through early November 2018, and sell. Alternatively stated, buy the over-reaction to the downside, and sell the over-reaction to the upside. The stars are aligned for great things for the marijuana sector. Do your Christmas shopping, but have some cash available for late December 2017.

APPENDIX

YTD High

LAST

1 WK

4 WK

52 WK

5 Yr

5 Yr

YTD

LESS

SYMBOL

FIRM NAME

PRICE

PERF

PERF

PERF

High

Low

High

Last Price

1

(OTCQB:ACAN)

Americann, Inc.

$1.73

-10.8%

-10.4%

44.2%

$6.00

$0.30

$5.50

$3.77

2

(OTCQX:ACBFF)

Aurora Cannabis, Inc.

$2.23

-4.6%

-1.4%

32.6%

$2.96

$0.00

$2.65

$0.42

3

(OTCQB:ACCA)

Acacia Diversified Holdings

$0.39

-2.5%

-39.5%

-77.7%

$2.90

$0.01

$2.10

$1.71

4

(OTCPK:ACGX)

Alliance Creative Group, Inc.

$0.00

-21.4%

-21.4%

175.0%

$0.04

$0.00

$0.00

$0.00

5

(OTCPK:ACOL)

Acology, Inc.

$0.01

-4.0%

-22.0%

357.1%

$5.00

$0.00

$0.05

$0.04

6

(OTCPK:ACRL)

Atacama Resources International, Inc.

$0.01

-13.6%

-36.0%

-93.7%

$0.52

$0.01

$0.52

$0.51

7

(OTCPK:ADVT)

Advantis Corp.

$0.01

10.0%

4.8%

80.3%

$0.04

$0.00

$0.04

$0.03

8

(OTCQB:AERO)

Aero Grow International, Inc.

$2.46

-2.4%

-4.5%

-34.8%

$7.32

$0.36

$3.45

$0.99

9

(OTCPK:AFPW)

AlumiFuel Power Corp.

$0.00

0.0%

0.0%

0.0%

$15.00

$0.00

$0.00

$0.00

10

(OTCQB:AGTK)

Agritek Holdings, Inc.

$0.01

-14.9%

-15.6%

-59.3%

$0.32

$0.00

$0.04

$0.03

11

(OTCPK:AMFE)

Amfil Technologies, Inc.

$0.19

16.5%

5.9%

6365.5%

$0.23

$0.00

$0.23

$0.04

12

(OTCQB:AMMJ)

American Cannabis Company, Inc.

$0.64

-17.9%

-20.0%

-15.8%

$2.10

$0.01

$1.26

$0.62

13

(OTCQB:APHQF)

Aphria, Inc.

$5.49

-11.7%

1.7%

91.3%

$6.60

$0.65

$6.60

$1.11

14

(OTCQB:ATTBF)

Abattis Bioceuticals Corp.

$0.16

0.7%

4.9%

-5.6%

$2.78

$0.00

$0.28

$0.12

15

(AVT)

Avnet, Inc.

$40.59

-0.1%

4.4%

-3.4%

$51.50

$27.46

$48.20

$7.61

16

(OTCQB:AXIM)

AXIM Biotechnologies, Inc.

$6.44

-15.3%

4.5%

1510.0%

$19.80

$0.06

$19.80

$13.36

17

(OTCPK:AZFL)

Amazonas Florestal Limited

$0.00

-21.4%

-62.1%

-94.5%

$120.00

$0.00

$0.01

$0.01

18

(OTCPK:BABL)

Buildablock Corp.

$0.00

10.0%

-8.3%

-90.8%

$0.27

$0.00

$0.01

$0.01

19

(OTCPK:BAYP)

Bayport International Holdings, Inc.

$0.00

0.0%

0.0%

0.0%

$0.52

$0.00

$0.00

$0.00

20

(OTCPK:BLDV)

Blue Diamond Ventures, Inc.

$0.00

-14.3%

-40.0%

500.0%

$0.01

$0.00

$0.01

$0.01

21

(OTCPK:BLOZF)

Cannabix Technologies, Inc.

$0.48

3.2%

-2.4%

11.6%

$0.81

$0.05

$0.72

$0.24

22

(OTCPK:BLPG)

Blue Line Protection Group, Inc.

$0.01

-16.7%

-16.7%

-60.6%

$0.81

$0.01

$0.05

$0.04

23

(OTCPK:BTFL)

Monarch America, Inc.

$0.00

-20.0%

0.0%

100.0%

$0.55

$0.00

$0.00

$0.00

24

(OTCPK:BUDZ)

Weed, Inc.

$1.33

10.8%

-7.6%

75.0%

$5.05

$0.04

$5.05

$3.72

25

(OTCPK:BXNG)

Bang Holdings, Inc.

$0.30

20.0%

-36.0%

-78.7%

$4.00

$0.21

$1.94

$1.64

26

(OTCPK:CAFS)

Café Serendipity Holdings, Inc.

$0.01

-13.7%

0.0%

-42.9%

$0.60

$0.01

$0.10

$0.09

27

(OTCPK:CANL)

CannLabs, Inc.

$0.13

-12.1%

-20.3%

-85.0%

$2.43

$0.08

$0.56

$0.43

28

(OTCQB:CANN)

General Cannabis Corp.

$1.20

-9.1%

-14.3%

-70.0%

$64.64

$0.33

$3.38

$2.18

29

(CARA)

Cara Therapeutics, Inc.

$12.43

-0.2%

-4.8%

57.1%

$28.50

$4.26

$28.50

$16.07

30

(OTCPK:CBCA)

Crown Baus Capital Corp.

$0.55

-21.4%

0.0%

31.0%

$55.00

$0.01

$9.49

$8.94

31

(OTCQB:CBDS)

Cannabis Sativa, Inc.

$2.83

3.7%

-3.4%

-59.9%

$18.00

$0.30

$9.50

$6.67

32

(OTC:CBGI)

Cannabusiness Group, Inc.

$0.01

-3.5%

-7.5%

1010.0%

$0.48

$0.00

$0.23

$0.22

33

(OTCPK:CBIS)

Cannabis Science, Inc.

$0.03

-9.9%

-32.5%

-47.2%

$0.30

$0.01

$0.14

$0.11

34

(OTCPK:CBMJ)

Canna Consumer Goods, Inc.

$0.01

-16.9%

-46.5%

38.0%

$0.08

$0.00

$0.03

$0.02

35

(OTCPK:CBNT)

Cabinet Grow, Inc.

$3.25

0.0%

160.0%

-18.8%

$270.00

$0.61

$20.00

$16.75

36

(OTCPK:CBSC)

CB Scientific

$0.56

0.0%

-79.6%

-62.7%

$4.01

$0.56

$4.01

$3.45

37

(OTCPK:CCAN)

Canadian Cannabis Corp.

$0.09

-10.1%

-19.8%

-89.2%

$10.00

$0.09

$1.00

$0.91

38

(OTCPK:CGRA)

Cgrowth Capital, Inc.

$0.01

51.1%

38.8%

-40.9%

$0.18

$0.00

$0.03

$0.02

39

(OTCPK:CGRW)

Cannagrow Holdings, Inc.

$0.87

-5.9%

-7.4%

-56.9%

$3.45

$0.09

$2.30

$1.43

40

(OTCPK:CHUM)

Chuma Holdings, Inc.

$0.02

-24.7%

-29.0%

-68.6%

$1.60

$0.01

$0.07

$0.05

41

(OTCQB:CIIX)

Chineseinvestors.com, Inc.

$0.54

-5.3%

1.0%

45.9%

$2.75

$0.12

$2.75

$2.21

42

(OTCQB:CLSH)

CLS Holdings

$0.32

-11.6%

3.2%

-53.6%

$1.83

$0.02

$0.57

$0.25

43

(OTC:CMMDF)

Canimed Therapeutics, Inc.

$9.35

0.3%

21.1%

15.7%

$9.92

$5.66

$9.92

$0.57

44

(OTCQB:CNAB)

United Cannabis Corporation

$0.69

-4.2%

-17.5%

-47.7%

$4.25

$0.00

$2.50

$1.81

45

(OTCQB:CNBX)

Cannabics Pharmaceuticals, Inc.

$0.72

-10.0%

-20.4%

278.9%

$7.60

$0.02

$7.60

$6.88

46

(OTCQB:CNZCF)

Canadian Zeolite Corp.

$0.32

-2.9%

-8.6%

9.5%

$1.46

$0.06

$1.09

$0.77

47

(OTCPK:CPMD)

CannaPharmaRx, Inc.

$0.18

0.0%

21.5%

-54.5%

$3.60

$0.05

$1.00

$0.82

48

(OTCPK:CRLRQ)

Crailar Technologies, Inc.

$0.00

12.5%

-10.0%

50.0%

$1.65

$0.00

$0.01

$0.01

49

(OTCPK:CRTL)

Cartel Blue

$0.01

0.0%

4.8%

-58.3%

$0.46

$0.01

$0.04

$0.03

50

(OTCPK:CRWG)

Crowdgather, Inc.

$0.01

8.4%

12.5%

7.1%

$0.23

$0.00

$0.01

$0.00

51

(OTCPK:CSAX)

CSA Holdings, Inc.

$0.04

-28.3%

7.5%

-28.3%

$0.65

$0.02

$0.20

$0.16

52

(OTCQB:CURR)

Cure Pharmaceutical Holding Co.

$4.85

-1.1%

-15.7%

136.6%

$15.00

$2.05

$15.00

$10.15

53

(OTCQB:CVSI)

CV Sciences, Inc.

$0.23

-2.3%

-25.5%

-66.6%

$0.99

$0.19

$0.59

$0.36

54

(OTCPK:DEWM)

Dewmar International BMC, Inc.

$0.00

-27.5%

-46.4%

0.0%

$0.03

$0.00

$0.02

$0.02

55

(OTCQB:DIGP)

Digipath, Inc.

$0.16

-5.9%

3.2%

-26.3%

$60.00

$0.09

$0.35

$0.19

56

(OTCPK:DIRV)

DirectView Holdings, Inc.

$0.00

0.0%

0.0%

0.0%

$0.00

$0.00

$0.00

$0.00

57

(OTCQB:DPWW)

Diego Pellicer Worldwide, Inc.

$0.07

-11.4%

-15.9%

-84.8%

$3.05

$0.04

$0.39

$0.32

58

(OTCPK:DSCR)

Discovery Minerals, Ltd.

$0.00

0.0%

-66.7%

-50.0%

$0.02

$0.00

$0.00

$0.00

59

(OTCPK:EAPH)

Easton Pharmaceuticals, Inc.

$0.02

-7.5%

-12.5%

169.2%

$0.10

$0.00

$0.06

$0.04

60

(OTCPK:ECIGQ)

Electronic Cigarettes International Group, Inc.

$0.00

-7.7%

-14.3%

-97.5%

$2.00

$0.00

$0.13

$0.13

61

(OTCPK:EDXC)

ENDEXX Corp.

$0.05

6.8%

-10.1%

-6.2%

$0.36

$0.00

$0.09

$0.04

62

(OTCPK:EFFI)

Efftec International, Inc.

$0.00

0.0%

-20.0%

-69.2%

$0.10

$0.00

$0.01

$0.01

63

(OTCQX:EMHTF)

Emerald Health Therapeutics, Inc.

$1.13

-5.0%

9.9%

80.3%

$1.64

$0.08

$1.64

$0.51

64

(OTCPK:EMMBF)

Emblem Corp.

$1.32

-15.4%

-9.6%

-46.1%

$3.81

$1.15

$3.74

$2.42

65

(OTCPK:ENCC)

Trailblazer Resources, Inc.

$0.00

-15.8%

-17.9%

-87.1%

$0.12

$0.00

$0.07

$0.07

66

(OTCPK:ENDO)

Endocan Corp.

$0.01

-15.6%

-30.3%

-61.4%

$0.18

$0.00

$0.09

$0.08

67

(OTCQB:ENRT)

Enertopia Corp.

$0.04

-16.9%

-13.1%

0.0%

$1.08

$0.01

$0.13

$0.09

68

(OTCPK:ERBB)

American Green, Inc.

$0.00

-6.7%

-17.6%

-36.4%

$0.22

$0.00

$0.01

$0.01

69

(OTCQB:ESPH)

Ecoshere Techs, Inc.

$0.02

-7.6%

-18.4%

-37.7%

$0.50

$0.01

$0.07

$0.05

70

(OTC:ESSI)

Eco Science Solutions, Inc.

$0.22

10.0%

-12.0%

-83.7%

$9.00

$0.00

$4.80

$4.58

71

(OTCPK:ETST)

Earth Science Tech, Inc.

$0.51

-7.9%

1.0%

-13.6%

$5.00

$0.18

$3.95

$3.44

72

(OTCQB:EVIO)

EVIO, Inc./Signal Bay, Inc.

$0.58

-34.8%

-41.0%

-47.7%

$1.95

$15.44

$15.44

$14.86

73

(OTCPK:FBEC)

FBEC Worldwide

$0.00

-50.0%

-50.0%

-99.6%

$90.00

$0.00

$0.02

$0.02

74

(OTCPK:FFFC)

FastFunds Financial Corp.

$0.00

0.0%

0.0%

0.0%

$9.00

$0.00

$0.00

$0.00

75

(OTC:FITX)

Creative Edge Nutrition, Inc.

$0.00

-50.0%

-85.7%

-96.7%

$0.11

$0.00

$0.03

$0.03

76

(OTCQB:FRLF)

Freedom Leaf, Inc.

$0.03

-16.0%

-18.7%

-66.5%

$1.00

$0.03

$0.14

$0.11

77

(OTC:FSPM)

Fusion Pharm, Inc.

$0.01

0.0%

-60.0%

900.0%

$9.20

$0.00

$0.20

$0.19

78

(OTCPK:FTPM)

420 Property Management, Inc.

$0.00

0.0%

-25.0%

-85.0%

$0.30

$0.00

$0.00

$0.00

79

(OTCPK:FUTL)

Futureland Corp.

$0.00

-12.5%

-56.3%

-96.5%

$15.10

$0.00

$0.01

$0.01

80

(OTCPK:FWDG)

FutureWorld Corp.

$0.00

0.0%

0.0%

0.0%

$0.04

$0.00

$0.00

$0.00

81

(OTCPK:GBHL)

Global Entertainment Holdings, Inc.

$0.00

2.2%

-16.1%

-9.6%

$0.16

$0.00

$0.01

$0.01

82

(OTCPK:GBHPF)

Global Hemp Group, Inc.

$0.03

0.0%

-9.6%

-13.9%

$0.13

$0.00

$0.05

$0.02

83

(OTCQB:GBLX)

GrowBLOX Sciences, Inc.

$0.23

-2.2%

-16.6%

-32.8%

$3.49

$0.11

$0.56

$0.33

84

(OTCPK:GLAG)

Gala Global, Inc.

$0.00

0.0%

0.0%

0.0%

$0.00

$0.00

$0.00

$0.00

85

(OTCQB:GLDFF)

Golden Leaf Holdings Ltd.

$0.14

-12.5%

-12.5%

-76.0%

$0.69

$0.12

$0.58

$0.44

86

(OTCPK:GNBT)

Generex Biotechnology

$2.62

-22.9%

-16.0%

-57.7%

$70.00

$2.00

$20.00

$17.38

87

(OTCPK:GRCU)

Green Cures & Botanical Distribution, Inc.

$0.01

-4.6%

-5.3%

-70.1%

$5.07

$0.01

$0.04

$0.03

88

(OTCPK:GRCV)

Grand Capital Ventures, Inc.

$0.00

33.3%

14.3%

700.0%

$125.00

$0.00

$0.00

$0.00

89

(OTCPK:GRNH)

GreenGro Technologies, Inc.

$0.03

-20.7%

-22.9%

-75.9%

$1.20

$0.02

$0.12

$0.09

90

(OTCPK:GRSO)

Grow Soutions Holdings, Inc.

$0.04

5.1%

-20.0%

-89.8%

$5.00

$0.02

$0.31

$0.27

91

(OTCPK:GRWC)

Grow Condos, Inc.

$0.02

7.0%

18.9%

-98.3%

$19.00

$0.01

$1.40

$1.38

92

(OTCQX:GRWG)

GrowGeneration Corp.

$1.82

-2.7%

3.4%

-20.9%

$3.43

$1.50

$2.60

$0.78

93

(OTCQB:GTBP)

GT Biopharma, Inc./Oxis International, Inc.

$6.99

18.3%

12.7%

-48.6%

$19.25

$4.10

$19.25

$12.26

94

(OTCPK:GTSO)

Green Technology Solutions, Inc.

$0.02

-0.6%

-18.2%

-61.7%

$114.00

$0.01

$0.07

$0.05

95

(GWPH)

GW Pharmaceuticals, PLC

$107.63

-3.2%

-0.8%

-12.6%

$137.88

$8.46

$136.95

$29.32

96

(OTCPK:GYOG)

Green Energy Enterprises, Inc.

$0.00

0.0%

-16.7%

-72.2%

$0.06

$0.00

$0.00

$0.00

97

(OTCPK:HALB)

Halberd Corp.

$0.00

0.0%

0.0%

250.0%

$0.10

$0.00

$0.00

$0.00

98

(OTCPK:HLIX)

Helix TCS, Inc.

$2.50

-8.8%

-13.8%

-6.0%

$20.00

$0.01

$13.00

$10.50

99

(OTCQB:HLSPY)

Heliospectra AB ADR (Sponsored)

$0.60

9.1%

9.1%

-29.8%

$7.00

$0.38

$1.07

$0.47

100

(OTC:HMKTF)

Highmark Marketing, Inc.

$0.01

0.0%

0.0%

-1.2%

$0.12

$0.01

$0.01

$0.00

101

(OTCPK:HMPQ)

Hemp Americana, Inc.

$0.01

14.7%

-9.5%

-38.6%

$1.10

$0.00

$0.05

$0.04

102

(OTCPK:HVST)

First Harvest Corp.

$5.41

23.0%

21.6%

0.2%

$49.00

$0.31

$9.90

$4.49

103

(OTC:HYYDF)

Hydropothecary Corp.

$1.57

-3.7%

20.8%

5.0%

$2.08

$0.89

$2.08

$0.51

104

(OTCPK:ICBU)

IMD Companies, Inc.

$0.00

-8.3%

-8.3%

-70.3%

$0.21

$0.00

$0.01

$0.01

105

(OTC:ICCLF)

ICC International Cannabis Corp.

$0.82

8.4%

12.6%

20.4%

$1.27

$0.54

$1.27

$0.45

106

(OTCPK:ICNM)

Icon Media Holdings, Inc.

$0.00

0.0%

0.0%

-50.0%

$0.03

$0.00

$0.00

$0.00

107

(IGC)

India Globalization Capital, Inc.

$0.43

13.4%

14.2%

-3.0%

$3.50

$0.00

$0.80

$0.37

108

(OTCPK:IGPK)

Integrated Cannabis Solutions, Inc.

$0.00

-13.3%

-10.3%

18.2%

$0.81

$0.00

$0.01

$0.01

109

(OTC:IGRW)

Interactive Health Network

$0.00

0.0%

0.0%

0.0%

$0.07

$0.00

$0.00

$0.00

110

(IIPR)

Innovative Industrial Properties, Inc. (Class A)

$18.36

-5.0%

1.7%

-4.1%

$20.52

$14.50

$19.94

$1.58

111

(OTCPK:IJJP)

IJJ Corp.

$0.00

0.0%

50.0%

-57.1%

$0.01

$0.00

$0.00

$0.00

112

(OTCQB:IMLFF)

InMed Pharmaceuticals, Inc.

$0.31

-15.1%

-11.4%

138.5%

$0.72

$0.05

$0.72

$0.41

113

(OTCPK:INCC)

International Consolidated Companies, Inc.

$0.00

0.0%

0.0%

100.0%

$0.02

$0.00

$0.00

$0.00

114

(OTCPK:INMG)

Innovativ Media Group, Inc.

$0.01

-24.6%

-23.4%

250.0%

$0.30

$0.00

$0.04

$0.03

115

(OTCQB:INQD)

Indoor Harvest Corp.

$0.17

-2.9%

10.0%

-72.0%

$1.50

$0.12

$0.55

$0.38

116

(INSY)

INSYS Therapeutics, Inc.

$7.61

0.8%

-13.6%

-33.9%

$46.17

$2.18

$15.02

$7.41

117

(OTCPK:ITNS)

Itonis, Inc.

$0.00

-16.7%

-9.1%

-58.3%

$0.03

$0.00

$0.00

$0.00

118

(OTCPK:IVITF)

Invictus MD Strategies Corp.

$1.01

4.2%

4.1%

84.6%

$1.63

$0.05

$1.63

$0.62

119

(OTCQB:KAYS)

Kaya Holdings, Inc.

$0.11

-12.5%

-24.2%

24.9%

$0.57

$0.04

$0.45

$0.34

120

(OTCPK:KGKG)

Union Equity, Inc.

$0.01

12.9%

-41.5%

64.6%

$0.15

$0.00

$0.03

$0.02

121

(OTCQB:KSHB)

Kush Bottles, Inc.

$1.87

-1.1%

-5.1%

-54.7%

$10.00

$0.70

$3.35

$1.48

122

(OTCPK:LATF)

Latteno Food Corp.

$0.00

0.0%

0.0%

0.0%

$0.23

$0.00

$0.00

$0.00

123

(OTCPK:LCTC)

Lifeloc Technologies, Inc.

$6.86

-14.3%

-29.6%

-18.3%

$37.50

$2.32

$23.40

$16.54

124

(OTCQB:LDSYF)

Lifestyle Delivery Systems, Inc.

$0.37

-3.0%

6.2%

-24.0%

$0.74

$0.03

$0.65

$0.28

125

(OTCPK:LGBI)

Cannabiz Mobile, Inc.

$0.00

33.3%

33.3%

0.0%

$3.75

$0.00

$0.00

$0.00

126

(OTCPK:LSCG)

Lighting Science Group

$0.02

-3.6%

-12.9%

-46.0%

$0.94

$0.01

$0.07

$0.05

127

(OTCPK:LVVV)

Livewire Ergogenics, Inc.

$0.00

17.6%

42.9%

1900.0%

$0.27

$0.00

$0.01

$0.01

128

(OTCQB:LXRP)

Lexaria Bioscience Corp.

$0.39

0.0%

-8.2%

69.6%

$0.79

$0.01

$0.70

$0.31

129

(OTCQB:MCIG)

MCIG, Inc.

$0.17

-2.1%

-3.4%

99.2%

$0.92

$0.02

$0.51

$0.34

130

(OTCPK:MCOA)

Marijuana Company of America, Inc.

$0.02

-12.9%

-1.7%

8.3%

$0.20

$0.00

$0.11

$0.09

131

(OTCPK:MCPI)

Med-Cannabis Pharma, Inc.

$0.04

0.0%

11.4%

-44.0%

$1.14

$0.02

$0.33

$0.29

132

(OTCQB:MDCL)

Medicine Man Technologies, Inc.

$1.40

9.4%

29.6%

-50.0%

$5.00

$0.92

$2.99

$1.59

133

(OTCPK:MDEX)

Medican Enterprises, Inc.

$0.13

0.0%

14.6%

-37.0%

$1.57

$0.02

$0.38

$0.25

134

(OTCPK:MDRM)

Madison Technologies, Inc.

$0.03

-35.5%

21.8%

-44.2%

$0.20

$0.00

$0.05

$0.02

135

(OTCPK:MEDT)

Mediatechnics Corp.

$0.00

0.0%

0.0%

-33.3%

$0.00

$0.00

$0.00

$0.00

136

(OTCQB:MGWFF)

Maple Leaf Green World, Inc.

$0.40

-9.8%

6.8%

-19.9%

$0.74

$0.00

$0.60

$0.20

137

(OTCPK:MJLB)

Greenscape Laboratories, Inc.

$0.00

4.0%

-23.5%

-97.6%

$0.26

$0.00

$0.10

$0.10

138

(OTCPK:MJMD)

Medijane Holdings, Inc.

$2.06

0.0%

0.5%

-35.6%

$16,000.00

$0.00

$9.00

$6.94

139

(OTCPK:MJMJ)

MaryJane Group, Inc. (The)

$0.00

-50.0%

-50.0%

-66.7%

$12.00

$0.00

$0.00

$0.00

140

(OTCPK:MJNA)

Medical Marijuana, Inc.

$0.07

-4.0%

-15.2%

-19.2%

$0.50

$0.03

$0.21

$0.14

141

(OTCQB:MJNE)

MJ Holdings, Inc.

$0.98

3.5%

31.0%

-41.5%

$26.00

$0.50

$1.40

$0.42

142

(OTCQB:MJTK)

CannaSys, Inc.

$0.00

-12.5%

-36.4%

-99.2%

$80.00

$0.00

$0.02

$0.02

143

(OTCQB:MNTR)

Mentor Capital, Inc.

$0.81

50.2%

5.3%

-18.9%

$8.99

$0.00

$4.82

$4.01

144

(OTCPK:MQPXF)

Matica Enterprises, Inc.

$0.09

-0.5%

33.4%

2831.0%

$0.14

$0.00

$0.14

$0.05

145

(OTCQB:MRPHF)

Marapharm Ventures, Inc.

$0.81

-1.4%

8.4%

48.5%

$1.87

$0.13

$1.35

$0.54

146

(OTCQB:MSRT)

MassRoots, Inc.

$0.27

-36.1%

-24.1%

-63.3%

$7.01

$0.23

$1.18

$0.91

147

(OTCPK:MYDX)

MyDx, Inc.

$0.00

-10.9%

0.0%

-90.3%

$2.99

$0.00

$0.02

$0.02

148

(OTCPK:MYEC)

MyECheck, Inc.

$0.00

-16.7%

-20.0%

-77.8%

$0.10

$0.00

$0.00

$0.00

149

(OTCQB:MYHI)

Mountain High Acquisition Corp.

$0.05

-15.3%

-21.6%

-4.5%

$15.00

$0.01

$0.90

$0.85

150

(OTCPK:NDEV)

Novus Acquisition & Development Corp.

$0.29

-4.8%

-21.4%

-12.2%

$1.51

$0.00

$1.36

$1.07

151

(OTCPK:NGBL)

Notis Global, Inc./Medbox

$0.00

-50.0%

-50.0%

-93.3%

$0.01

$0.00

$0.00

$0.00

152

(OTCPK:NGMC)

Next Generation Management Corp.

$0.00

-26.7%

0.0%

-42.1%

$0.13

$0.00

$0.01

$0.01

153

(OTCPK:NHLE)

Nhale, Inc.

$0.03

-3.0%

5.3%

6.7%

$0.84

$0.01

$0.22

$0.19

154

(OTCQB:NMUS)

Nemus Bioscience, Inc.

$0.17

2.6%

-32.9%

-74.3%

$11.00

$0.12

$0.50

$0.33

155

(OTCPK:NOHO)

Novation Holdings, Inc.

$0.00

0.0%

0.0%

0.0%

$0.10

$0.00

$0.00

$0.00

156

(OTC:NRTI)

Inergetics, Inc.

$0.00

0.0%

0.0%

0.0%

$0.34

$0.00

$0.00

$0.00

157

(OTCPK:NSAV)

Net Savings Link, Inc.

$0.00

-10.0%

12.5%

0.0%

$0.03

$0.00

$0.01

$0.01

158

(OTCQB:NSPDF)

Naturally Splendid Enterprises Ltd.

$0.14

-9.7%

3.6%

-61.7%

$0.75

$0.11

$0.38

$0.24

159

(OTCQB:NTRR)

Neutra Corp.

$0.08

8.0%

11.1%

-86.0%

$325.00

$0.06

$0.59

$0.51

160

(OTCPK:NVGT)

Novagant Corp.

$0.00

-17.9%

18.5%

-55.6%

$0.76

$0.00

$0.01

$0.01

161

(OTCPK:NWWTF)

Newnote Financial Corp.

$0.03

0.0%

0.0%

0.0%

$0.23

$0.01

$0.03

$0.00

162

(OTCQB:NXTTF)

Next Generation Metals Ordinary - New

$0.18

-2.7%

-6.5%

-21.1%

$2.03

$0.01

$0.42

$0.24

163

(OTCQB:OGRMF)

OrganiGram Holdings, Inc.

$2.28

-3.1%

0.7%

3.3%

$3.35

$0.16

$2.75

$0.47

164

(OTCPK:ONCI)

On4 Communications, Inc.

$0.01

0.0%

-45.3%

10300.0%

$6.30

$0.00

$0.02

$0.01

165

(OTCPK:OPMZ)

1PM Industries, Inc.

$0.00

-50.0%

-50.0%

-99.5%

$1.00

$0.00

$0.01

$0.01

166

(OTCQB:OWCP)

OWC Pharmaceutical Research Group

$0.38

7.3%

56.5%

109.8%

$3.23

$0.00

$3.23

$2.85

167

(OTCPK:PHOT)

Growlife, Inc.

$0.00

-6.4%

-29.0%

-74.0%

$0.80

$0.00

$0.02

$0.02

168

(OTCPK:PKPH)

Peak Pharmaceuticals, Inc.

$0.03

-4.1%

-18.6%

-57.4%

$0.74

$0.01

$0.14

$0.11

169

(OTCPK:PLPL)

Plandaí Biotechnology, Inc.

$0.01

-6.3%

-10.0%

-78.2%

$3.12

$0.01

$0.06

$0.05

170

(OTCQB:PMCB)

PharmaCyte Biotech, Inc.

$0.06

1.8%

-12.8%

45.9%

$0.26

$0.02

$0.15

$0.09

171

(OTC:PNPL)

Pinapple Express, Inc.

$0.75

-6.3%

-6.3%

-53.4%

$42.38

$0.75

$2.75

$2.00

172

(OTCQB:PNTV)

Players Network, Inc.

$0.07

-14.7%

-7.1%

262.5%

$0.23

$0.00

$0.23

$0.16

173

(OTCPK:POTN)

Potnetwork Holdings, Inc.

$0.06

0.3%

-7.2%

1140.0%

$0.70

$0.00

$0.10

$0.04

174

(OTCPK:PRMCF)

PharmaCan Capital

$2.50

-3.8%

17.9%

181.7%

$2.84

$0.17

$2.84

$0.34

175

(OTCPK:PRRE)

Praetorian Property, Inc.

$0.68

-26.5%

-27.9%

82.7%

$2.15

$0.02

$2.15

$1.47

176

(OTC:PTOG)

Petrotech Oil and Gas, Inc.

$0.00

-22.2%

600.0%

600.0%

$0.70

$0.00

$0.00

$0.00

177

(OTCPK:PUFXF)

PUF Ventures, Inc.

$0.39

-2.5%

2.6%

91.2%

$0.56

$0.02

$0.56

$0.17

178

(OTCPK:PZOO)

Pazoo, Inc.

$0.00

0.0%

0.0%

0.0%

$0.00

$0.00

$0.00

$0.00

179

(OTCPK:QEDN)

QED Connect, Inc.

$0.00

-12.5%

-46.2%

250.0%

$0.04

$0.00

$0.02

$0.02

180

(OTCPK:QRSRF)

Tinley Beverage Company, Inc.

$0.24

-0.6%

4.3%

-22.9%

$0.49

$0.03

$0.35

$0.11

181

(OTCPK:REFG)

Medical Cannabis Payment Solutions

$0.03

-10.6%

5.7%

-60.3%

$2.12

$0.02

$0.20

$0.17

182

(OTCPK:REVI)

Resource Ventures, Inc.

$0.06

-0.9%

-10.0%

-30.8%

$713.33

$0.00

$0.20

$0.14

183

(OTCQB:RMHB)

Rocky Mountain High Brands, Inc.

$0.02

0.0%

-2.1%

-40.5%

$0.16

$0.02

$0.16

$0.14

184

(OTCQB:RSSFF)

Affinor Growers, Inc.

$0.06

14.2%

-12.2%

-48.1%

$0.98

$0.02

$0.15

$0.09

185

(OTCPK:SAGD)

South American Gold Corp.

$0.01

-5.7%

6.5%

-73.5%

$12.40

$0.00

$0.21

$0.20

186

(OTCPK:SING)

SinglePoint, Inc.

$0.06

-3.3%

-2.3%

589.4%

$0.41

$0.00

$0.41

$0.35

187

(OTCPK:SIPC)

Sipp Industries, Inc. - New

$0.02

-8.7%

42.4%

88.8%

$0.06

$0.00

$0.06

$0.04

188

(OTCPK:SLNX)

Solanbridge Group, Inc.

$0.00

0.0%

0.0%

0.0%

$0.05

$0.00

$0.00

$0.00

189

(OTCQB:SLTK)

Solis Tek, Inc.

$1.26

2.4%

-3.8%

152.0%

$3.44

$0.20

$3.44

$2.18

190

(SMG)

Scotts Miracle-Gro Co., The

$98.70

-0.9%

2.1%

11.4%

$101.00

$38.34

$101.00

$2.30

191

(OTCPK:SNNC)

Sibannac, Inc.

$0.01

0.0%

0.0%

-90.0%

$2.75

$0.01

$0.35

$0.34

192

(OTCQB:SPLIF)

Nutritional High International, Inc.

$0.10

-1.4%

31.3%

-38.2%

$0.32

$0.02

$0.20

$0.10

193

(OTCPK:SPRWF)

Supreme Pharmaceuticals, Inc.

$1.11

-12.6%

0.0%

13.8%

$2.50

$0.00

$1.45

$0.34

194

(OTCQB:SRNA)

Surna, Inc.

$0.11

-6.4%

-1.4%

-51.8%

$8.73

$0.04

$0.24

$0.13

195

(OTCPK:SSOF)

Sixty Six Oilfield Services, Inc.

$0.00

7.1%

-11.8%

-6.3%

$0.01

$0.00

$0.01

$0.01

196

(OTCPK:STEV)

Stevia Corp.

$0.00

9.1%

0.0%

-96.0%

$0.41

$0.00

$0.04

$0.04

197

(OTCPK:STWC)

STWC Holdings, Inc.

$0.25

0.0%

0.0%

-33.3%

$1.85

$0.17

$0.44

$0.19

198

(OTCPK:TAUG)

Tauriga Sciences, Inc.

$0.00

-9.1%

66.7%

-75.6%

$0.11

$0.00

$0.01

$0.01

199

(OTCPK:TBEV)

High Performance Beverages Co.

$0.00

0.0%

0.0%

-50.0%

$30.00

$0.00

$0.00

$0.00

200

(OTCQB:TBPMF)

Tetra Bio-Pharma, Inc.

$0.54

-3.4%

-7.7%

209.6%

$1.14

$0.09

$1.14

$0.60

201

(OTCQB:TECR)

TechCare Corp.

$0.36

2.9%

2.9%

-60.0%

$1.50

$0.10

$1.50

$1.14

202

(OTCQB:THCBF)

THC Biomed International, Inc.

$0.61

-8.6%

8.6%

-21.5%

$1.45

$0.05

$1.45

$0.84

203

(TRPX)

Two Rivers Water & Farming Co.

$5.55

-1.9%

-2.1%

-30.8%

$12.90

$4.01

$10.95

$5.40

204

(OTCQX:TRTC)

Terra Tech Corp.

$0.19

-8.0%

-8.0%

-58.5%

$1.42

$0.06

$0.35

$0.16

205

(OTCPK:TWMJF)

Canopy Growth Corp.

$10.13

-1.8%

19.5%

98.4%

$14.39

$1.01

$11.01

$0.88

206

(OTCPK:UAMM)

UA Multimedia, Inc.

$0.01

-20.9%

21.3%

658.3%

$0.81

$0.00

$0.02

$0.01

207

(OTCPK:UBQU)

Ubiquitech Software Corp.

$0.01

5.5%

24.2%

-73.9%

$0.50

$0.00

$0.04

$0.03

208

(OTC:UMBBF)

Umbral Energy Corp.

$0.15

8.5%

48.1%

485.9%

$0.15

$0.01

$0.15

$0.00

209

(OTCPK:UNGS)

Sylios Corporation

$0.00

0.0%

0.0%

0.0%

$0.06

$0.00

$0.00

$0.00

210

(OTCPK:USEI)

U.S. Energy Initiatives Corporation, Inc.

$0.00

-12.5%

0.0%

0.0%

$0.02

$0.00

$0.00

$0.00

211

(OTCPK:USMJ)

North American Cannabis Holdings, Inc.

$0.00

0.0%

33.3%

-20.0%

$0.03

$0.00

$0.01

$0.01

212

(OTCPK:VAPE)

Vape Holdings, Inc.

$0.00

22.2%

22.2%

-68.1%

$41.25

$0.00

$0.02

$0.02

213

(OTCQB:VAPI)

Vapir Enterprises, Inc.

$0.03

-7.4%

-13.5%

-80.8%

$4.05

$0.01

$0.12

$0.09

214

(OTCPK:VAPR)

Vaporbrands International, Inc.

$0.00

-16.7%

-2.2%

-71.9%

$0.48

$0.00

$0.02

$0.02

215

(OTCPK:VATE)

Elev8 Brands, Inc.

$0.02

17.4%

21.7%

-66.3%

$0.16

$0.01

$0.16

$0.14

216

(OTCPK:VHUB)

Vapor Hub International, Inc.

$0.00

-18.8%

-25.7%

-87.0%

$2.01

$0.00

$0.03

$0.03

217

(OTCPK:VNTH)

Nano Mobile Healthcare, Inc.

$0.00

0.0%

-28.6%

-84.8%

$3.50

$0.00

$0.00

$0.00

218

(VPCO)

Vapor Corp.

$0.00

0.0%

0.0%

0.0%

$0.00

$0.00

$0.00

$0.00

219

(OTCPK:VPOR)

Vapor Group, Inc.

$0.00

-7.1%

18.2%

30.0%

$0.18

$0.00

$0.01

$0.01

220

(OTC:VRCI)

Verde Science, Inc.

$0.00

75.0%

-28.6%

16.7%

$26.32

$0.00

$0.02

$0.02

221

(OTCPK:VRTHF)

Veritas Pharma, Inc.

$0.35

6.3%

36.8%

47.9%

$0.49

$0.10

$0.46

$0.11

222

(OTCPK:WCIG)

Wee-Cig International Corp.

$0.15

25.0%

26.1%

341.2%

$1.10

$0.01

$0.20

$0.05

223

(OTCPK:WDRP)

Wanderport Corp.

$0.01

-1.1%

-21.0%

129.3%

$0.02

$0.00

$0.02

$0.01

224

(OTCPK:WTII)

Water Technologies International, Inc.

$0.00

-16.7%

-28.6%

-70.6%

$0.04

$0.00

$0.00

$0.00

225

(XXII)

22nd Century Group, Inc.

$2.66

-5.0%

1.5%

123.5%

$6.36

$0.56

$3.50

$0.84

226

(OTCQX:ZDPY)

Zoned Properties, Inc.

$0.80

-10.1%

-10.1%

-75.8%

$3,370.80

$0.50

$2.65

$1.85

227

(ZYNE)

Zynerba Pharmaceuticals, Inc.

$9.73

1.4%

56.2%

-20.6%

$43.00

$4.64

$25.95

$16.22

Equal Weighted Portfolio

$1.86

-4.1%

-2.3%

121.3%

$99.93

$0.67

$3.25

$1.39

Disclosure: I am/we are long BLOZF. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.