Buy the dip, so they say. Scanning across our database of cannabis-related stocks today, there were a handful of companies that had a rougher trading day today.
Don't jump to pessimistic conclusions immediately. Consider down days as a potential opportunity to scoop up shares at a discount.
Here is a brief run-down of some declining marijuana stocks in trading on Wednesday January 18th, 2017 (in alphabetical ticker order). As previously mentioned, these companies are all worthy of further analysis given the lower share prices presented by down trading days.
United Cannabis Corp. (OTC:CNAB)
Shares of CNAB closed the days trading down at $1.31 per share on 30-day average trading volume. Compared to United Cannabis Corps' previous close of $1.375 per share, this represents a 3.27% loss today.
CV Sciences, Inc. (OTC:CVSI)
Shares of CVSI closed today's trading at $0.4922 per share on over 3x the 30-day average volume. Compared to CV Sciences' previous close of $0.57475 per share, this represents a 14.36% loss today.
GreenGro Technologies, Inc. (OTC:GRNH)
Shares of GreenGro Technologies closed the days' trading at $0.101 per share on almost 2x higher than their 30-day average trading volume. Compared to GRNH's previous close of $0.1098 per share, this represents a 8.01% loss today.
Heliospectra AB (OMX:HELIO) (OTC:HLSPY)
While shares of Heliospectra AB closed today's trading on OMX at SEK 8.05, down only 0.62% from today's open in Sweden of SEK 8.10, their ADRs on the OTC markets closed todays' trading at $0.905, down 5.33% from yesterday's close of $0.956. This significant decline in their OTC listing happened on higher than their 30-day average volume.
mCig, Inc. (OTC:MCIG)
Shares of MCIG closed today trading at $0.343, down $0.059, on over 3x 30-day average volume. Compared to mCig's previous close of $0.40, MCIG's stock declined 14.75% today.
Medical Marijuana, Inc. (OTC:MJNA)
Medical Marijuana, Inc. shares closed the days' trading at $0.17204 on slightly less than their 30-day average volume. Versus yesterday's close of $0.1785, MJNA shares ended the day down $0.0075, or 4.20%.
For more information and custom stock charts for any of the stocks mentioned above, be sure to check out their profiles in our cannabis-related equities database (also linked via tickers above). Also don't forget to connect with us on social media using the links to the right of the article.
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