It's about 11:30 here on Wall Street, and looking across our databases of marijuana related stocks as well as news that has come out since the close of trading yesterday, there are a few cannabis-related companies moving in the first half today's trading session. These marijuana related companies are listed below in alphabetical order.
Canopy Growth Corp.
One publicly traded Canadian L.P. that we're watching this morning is Canopy Growth Corp., which trades on the TSX under the symbol WEED, as well as the OTC Markets under TWMJF. There's even a Frankfurt listing, 11L1, although markets in Europe are almost done trading. Despite news this morning that Canopy formed a special entity just to accumulate bulk cannabis from other Licensed Producers, shares of Canopy are down roughly 1.75% in Canada, and down roughly 2.50% in the U.S. on the OTCPink marketplace.
Innovativ Media Group, Inc.
Innovativ Media Group is one OTC listed company that recently started to announce a focus on the cannabis space. This morning, Innovativ announced that the company would be launching new online, ad supported platform and channel CannaNet.TV in Europe in Q'4 of 2107. This news has sent shares of the thinly-traded stock up over 6% so far in midday trading. So far today, just over 4.5 million shares of INMG have changed hands. INMG has a 30-day average volume of almost 13.5 million shares.
Lexaria Bioscience Corp.
Lexaria Bioscience Corp. is a CSE listed "food biosciences company with a proprietary technology for improved delivery of bioactive compounds," such as cannabinoids. This morning, Lexaria announced that 1,075,000 common shares of LXX are being issued as a result of warrant exercises. Shares of Lexaria trading in the U.S. on the OTCQB markets under the ticker LXRP are down a little over 1.5% on the dilution news.
WeedMD Inc.
Another Canadian L.P. worth watching, WeedMD officially began trading on the TSX Ventures Exchange today under the symbol WMD. While shares opened up over $1 CAD, shares of WMD are now trading around $0.85 on high selling volume. Chances are, this selling is caused by early investors who are now able to liquidate.
Conclusion
To learn more about any of the cannabis companies or news stories mentioned, be sure to check out the articles and stock profiles linked above. So you never miss a marijuana stock update, be sure to connect with The Daily Marijuana Observer on social media using the links to the right of this article. If any of your friends are interested in investing in marijuana stocks, be sure to share this article with them using the links below.
D/M/O
Disclaimers:
I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.
This site has been designed for informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced upon the site. The services and information provided through this site are for personal, non-commercial, educational use and display. Dailymarijuanaobserver.com does not provide investment advice through this site and does not represent that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the site in the process of making a fully informed investment decision.
