American Cannabis Company (New York: AMMJ) is a consultancy that advises America’s rapidly growing cannabis cultivation companies. It is a beneficiary of the growing number of states legalising cannabis, sparking an investment “green rush” as investors pile in to cannabis-related stocks. It is not yet profitable, losing almost $85,000 in the three months to 30 June, but losses are narrowing. The shares have fallen from recent highs, but are up by more than 700% in the last year.
Be glad you didn’t…
Libbey (New York: LBY) produces glassware and tableware from its factory in Toledo, Ohio. After five years of steady growth the share price has taken a tumble in the last year and a half, sliding 60% from its peak in spring 2015. The company remains profitable, earning $8.7m in the second quarter, but profits are down on the previous year and are below market expectations. Adding to its troubles, Libbey has been hit by strikes after it introduced new contracts for workers