Cronos Group Inc.

[guay]

The one large cap standout was Cronos Group Inc. (CVE:MJN). The $2 billion cannabis standout rose 21.92% to $11.79/share on 3.5-times average daily volume. Cronos began trading yesterday on the NASDAQ stock exchange under the symbol “CRON”.
We suspect the company benefited from the American public’s eagerness to invest in a respected, large cap cannabis producer. Currently, much of the American investment landscape is dotted with speculative micro-cap companies on secondary exchanges. That Cronos performed so strongly gives us an important clue as to latent investor demand down south.
Whether this ‘latent’ demand translates into re-invigorated investor interest in Canada remains to be seen. But the strength displayed by the sector today is certainly encouraging. The bid was not only bought, but it was hoovered up in convincing fashion.

https://www.midasletter.com/2018/02/cannabis-stocks-bounce-stop-the-hemorrhaging-for-now/