Hollister Biosciences Inc
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Based in Canada
Company profile

Hollister Biosciences Inc is a Canada-based cannabis company. The Company is primarily engaged in manufacturing hash, tinctures, hash infused products, crumble infused products, pre-roll, and other cannabis products under several brands as white label products. The Company is focused on offering various cannabis processed and unprocessed products, such as dried flowers and oil derived from the cannabis leaves. The Company also intends to offer products in the medicinal and recreational spaces, which may include products in the categories of, pre-packaged flower, pre-roll, infused pre-roll, bubble hash, tinctures, beverages, edibles and pet products. The Company’s wholly-owned subsidiaries are Hollister Holistics 1 and Hollister Holistics 2. It operates a 37,061 square feet indoor cannabis facility located at Shelton Drive, Hollister California, and operates and uses 2,061 square feet of the facility to conduct its cannabis handling activities.

Closing Price
$0.3149
Day's Change
-0.01 (-3.08%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.34
Day's Low
0.30
Volume
(Light)
Volume:
664,994

10-day average volume:
1,048,811
664,994

UPDATE: Panicking about Tesla? These charts will make you feel a lot better

4:26 pm ET September 8, 2020 (MarketWatch)
Print

Shawn Langlois

The ride up was nice, but, ouch, that ride down?

By the end of August, shares of Tesla (TSLA) were up almost 500%, year to date, crushing the short-sellers and defying all the skeptics in a pandemic-bucking ride that paced a scorching market for high-tech disrupters. But Tesla's dizzying run has hit the skids of late, with the stock down 21% Tuesday alone to put its 5-day drop up to about 34% (https://www.marketwatch.com/story/tesla-stock-tumbles-toward-2nd-bear-market-in-6-months-2020-09-08?mod=home-page).

That's a painful reversal for those arriving late to the Tesla party, but it's also to be expected as even the most stellar long-term plays in history have endured similar, and much worse, drawdowns.

Of course, Tesla has plenty of company in this nasty September retreat, with high-fliers like Overstock (OSTK) , Peloton (PTON) and Zoom (ZM) all surrendering chunks of their outsized gains in recent sessions.

The good news: This is completely normal and healthy.

Read:'Pods of excess' will pop this bubble, investor warns (https://www.marketwatch.com/story/tesla-and-other-pods-of-excess-will-ultimately-lead-to-the-popping-of-todays-bubble-investor-warns-11599580223)

"Even if these companies live up to their now lofty expectations and their stocks end up being grand slam investments, it's not going to be a straight line up and to the right," Ritholtz Wealth Management's Ben Carlson explained (https://awealthofcommonsense.com/2020/09/why-even-the-best-stocks-have-to-crash/). "These companies could become some of the most successful stocks of the next few decades and they will still crash spectacularly at some point."

He pointed to several examples to back his point.

Apple (AAPL) , for instance, has rallied almost 120,000% (19.5% annualized) since its legendary journey kicked off back in the early 1980s. Along the way, it's dropped more than 75% three different times and has been cut in half several other times.

Then there's Amazon (AMZN) , which is up up almost 170,000% (a whopping 38% annualized) since 1997. However, at one point during that nosebleed ascent, the stock crashed almost 95% to go along with multiple declines of 30%.

It's not just among the tech juggernauts either. Walmart (WMT) , over the course of nearly five decades, has seen its stock gain more than 321,000%. The shares have lost 30% or more eight times and were stuck in negative territory from 2000 to 2012.

The list goes on and on, but you get the idea.

"This is what happens to successful companies and successful stocks," Carlson wrote. "If you want to earn big returns in the stock market, expect to live with big losses to get there."

Plenty of "successful" stocks came under heavy pressure during Tuesday's trading session, with the Dow Jones Industrial Average , Nasdaq Composite and S&P 500 all closing deep in the red.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 08, 2020 16:26 ET (20:26 GMT)

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