Scanning across our database of cannabis-related stocks today, there were a handful of companies that had a rough time in today's trading session.
Don't jump to pessimistic conclusions immediately. As we often remind readers, think of down days as a potential opportunity to establish a position in stocks you like at better prices.
Here is a quick run-down of some marijuana stocks that declined in trading on Wednesday, March 1st, 2017 (in alphabetical order by ticker symbol).
American Cannabis Company Inc. (OTC:AMMJ)
As of the close of trading on March 1st, shares of American Cannabis Company were down 5.42% at $0.7188. Today's volume in AMMJ of 857,000 shares was slightly higher than their 30-day average trading volume.
Cannabis Science, Inc. (OTC:CBIS)
In today's trading shares of CBIS fell 11.14% from their previous close of $0.09 to finish the day at $0.08. Volume in shares of Cannabis Science today was higher than their 30-day average trading volume of around 70 million shares.
Grow Solutions Holdings, Inc. (OTC:GRSO)
Grow Solutions Holdings' finished today's trading session at $0.1182, down 21.37% from their previous close of $0.1399. Volume today was sightly higher than their 30-day average volume of 156,000 shares.
Shares of MJNE lost 15.14% in today's trading session, finishing the day at $0.84. Today's trading volume in MJ Holdings' was significantly lower than their 30-day average volume.
Vodis Pharmaceuticals, Inc. (CSE:VP)(OTC:VDQSF)(FRA:1JV1)
As of the European close earlier, shares of Vodis Pharmaceuticals in Frankfurt were trading at €0.38, down 2.34% on the day. In Canada, Vodis shares finished the day at CAD$0.51, down 3.77%. Their OTC market symbol was under the most pressure today, closing down 11.42% at $0.38. Volume in VDQSF today was greater than their 30-day average volume.
Conclusion
For more information and custom stock charts for any of the stocks mentioned above, be sure to check out their profiles in our marijuana stocks database (also linked via tickers above). Also don't forget to connect with us on social media using the links below.
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