Interest in cannabis companies has continued to grow in 2015 as more states have begun to implement legalization efforts; these including options for both medical and recreational use.
After more states like Texas have put wheels in motion for legalization efforts, more attention has begun to build and the 2015 market for cannabis stocks has started to look much different than the uncertainty that was seen last year. Companies like Oxis International (OXIS), Pazoo, Inc. (PZOO), and Totally Hemp Crazy Inc (THCZ) have all seen record 6-month highs this year as a flood of positive news and a more informed investment community have bolstered movement within the market.
Oxis International, (OXIS) saw highs of $0.07 less than 45 days ago. Earlier this week, Oxis announced its wholly owned subsidiary, Oxis Biotech, had brought on Cassian Yee, M.D. Yee is a Professor, Department of Melanoma Medical Oncology, Division of Cancer Medicine at the University of Texas MD Anderson Cancer Center as well as Professor, Department of Immunology, Division of Cancer Medicine, and Director, Solid Tumor Cell Therapy, Center for Cancer Immunology Research at the University of Texas MD Anderson Cancer Center.
“We are very excited to have the opportunity to work with Cassian again, and we look forward to his helping us build Oxis into a leading cancer immunotherapy company,” said Anthony J. Cataldo, Chairman and Chief Executive Officer of Oxis Biotech.
Thursday afternoon Oxis shares battled back from intra-day lows of $0.03 to close the Thursday session at $0.0322, up 7% from those lows. Since the opening day of 2015, Oxis has moved up by as much as 100% (Jan 2 $0.035 open to March 31 High of $0.07)
Pazoo Inc. (PZOO) has also seen a jump in price since the beginning of the year. After opening on January 2 at $0.0194, PZOO saw it’s record high on April 27 ($0.0204). Though the stock had fallen briefly, in February, the recent rally in the market may have been spawned by new company developments. This month Pazoo announced that members of its staff will be attending several investment and marijuana conferences over the month of May. Pazoo is also announced it will have a booth at the 4th Annual Marijuana Business Conference and Expo, America’s largest national cannabis trade show, being held in Chicago, May 19-21.
During the past week Pazoo has maintained a price channel between $0.01-$0.0124.
Totally Hemp Crazy Inc. (THCZ) may have seen one of the largest moves in price of many cannabis stocks. After opening the year at $0.012, Totally Hemp Crazy saw highs of $0.32 at the beginning of April and tested these highs once more just before the beginning of May. Totally Hemp has gained notoriety for its novel hemp infused beverages under the Rocky Mountain High brand. This week it was announced that the company’s CEO Jerry Grisaffi will be interviewed on WWNN – 1470AM, a Beasley Broadcasting Network station. The broadcast can be heard live on south Florida radio WWNN -1470AM and streamed live on video TV at www.wwnnradio.com. Mr Grisaffi will be interviewed, Friday, May 15, 2015 at noon EDT. Grisaffi recently stated, “The Rocky Mountain High retail product launch is underway and based on initial sales and consumer reactions, we are convinced we have something special. In just a few short months, production has exceeded 1,000,000 units and we have another larger production run scheduled for June. We are confident our rapid growth will lead to a nationwide hemp infused drink sensation. Based on the current feedback from other parties, we are not alone in that belief.”
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