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4 Cannabis Stocks We're Watching Today

March 14, 2017

 

Looking at the news released this morning from cannabis-related stocks, it seems that there are a handful of companies worth keeping an eye on in trading today. You'll find charts for these four marijuana stocks in their stock profiles linked below:

 

Whats Moving in the Canadian Marijuana Stocks?

 

This morning, Invictus MD Strategies announced that they've completed their acquisition of one third of AB Labs. Despite the announcement, shares of Invictus MD Strategies (CSE:IMH) (OTC:IVITF) (FRA:8IS) are down slighlty over 1% so far in the trading session. We'll be keeping a close eye on shares of Invictus as the rest of the trading day progresses.

 

Also moving in the Canadian marijuana stock names are shares of Canopy Growth Corp following this morning's announcement regarding their subsidiary's HomeGrow collection release. Shares of Canopy Growth Corp. (TSX:WEED) (OTC:TWMJF) (FRA:11L1) are up just over 1% so far in the trading day. We'll be watching closely as investors and traders digest the recent announcement. 

 

Additionally, Canadian Bioceutical announced the completion of their Arizona cannabis asset acquisition. This acquisition by Canadian Bioceutical Corp. (CSE:BCC) (OTC:CBICF) (FRA:5CB) gives this Canadian company a strong positioning in the Arizona cannabis market. Shares are flat on the day so far, but we'll be watching to see as the rest of the trading day plays out. 

 

Whats Moving in the U.S. Marijuana Stocks?

 

In U.S. marijuana-related stocks, we're watching shares of Social Life Network as the markets digest the recently announced release of a new cannabusiness marketing feature. Despite this news, shares of Social Life Network (OTC:WDLF) are flat in trading so far today. We'll be watching the markets as the announcement continues to be digested by marijuana stock traders and investors.

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