Canafarma Hemp Product Corp. now trading on the Canadian Securities Exchange under symbol CNFA.c today put up a respectable bull fight against the coronacrash market forces. Watching volume increase with new large institutions entering the market, the company did not see an increase in share price throughout the day, however sustained their levels of open in a remarkable resistance to go down with the rest of the globe’s capital markets.
It is easier to destroy than to build and last minute trading popped an ugly bear swipe on the company, showing a 20% decrease in share price in a single trade, leaving some asking what that was for. Who takes an unnecessary loss in a market that has the hallmarks of a real and rare bull, especially in today’s world. US President Trump today declared a restriction in stock buybacks as market capitalization has lost over thirty percent worldwide, inducing companies to recapture equity at bargain prices. This is indicative of the nature of market makers and institutions who are always ahead of the markets due to altitude. Market forces seem determined to help shove value into the trash heap.
Canafarma is that rare bull, based on fundamentals that will run regardless of market and time. Today marks their first bear strike and their first bear claw scar. In a market of bears it is expected to take on a few scratches from an aggressive army of bears.
Regardless of absurd market behavior which is not as crazy to hear about in the coronacrash market environment, Canafarma is still a very new issue and the bull spirit of the Yooforic brand owners will surely win the hearts of investors world wide. How much heart is earned by value of investment, however remains to be seen.