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5 Marijuana Stocks We're Watching Today

March 7, 2017

 

Looking at the news released this morning from marijuana-related stocks, it seems that there are a few companies worth watching in trading today. You'll find charts for these five marijuana stocks in the embedded widget below:

 

 

Whats Moving in the Canadian Marijuana Stocks?

 

In late trading yesterday, Aurora announced that they'd be acquiring Peloton Pharmaceuticals out of bankruptcy. Peloton is a late-stage Licensed Producer applicant under Health Canada's ACMPR. We'll be keeping a close eye on shares of Aurora Cannabis (TSXV:ACB) (OTC:ACBFF) (FRA:21P) as the markets continue to digest this acquisition deal. 

 

Organigram responded to a proposed class-action lawsuit regarding their recent voluntary recalls. Organigram was notified of the suit yesterday. Shares of Organigram (TSXV:OGI) (OTC:OGRMF) (FRA:0OG) are down, and we'll be watching the trading throughout the day. 

 

Canopy Growth also responded to class-action lawsuits regarding product recalls. Shares of Canopy Growth (TSX:WEED) (OTC:TWMJF) (FRA:11L1) are down, and we'll be watching the trading throughout the day. 

 

Whats Moving in the U.S. Marijuana Stocks?

 

In U.S. marijuana-related stocks, we're watching shares of Terra Tech Corp. (OTC:TRTC) because of the just-announced 13,000 square foot cannabis cultivation facility they'll complete this year in Oakland, CA. 


This morning GW Pharmaceuticals (NASDAQ:GWPH) announced two new appointments. GW Pharma appointed a new CFO as well as a new Managing Director. Shares are down in trading so far, and we'll be watching as the day plays out. 

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.