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Thursday's Marijuana Stock Movers

May 4, 2017

 

In early morning trading here in the North American session, there's a few cannabis-related companies that are really moving today. 

 

ABcann Global Corp. (TSXV:ABCN)

 

This morning ABcann began trading on the TSX Ventures Exchange, giving cannabis investors one more Canadian L.P. worth watching. Shares of ABCN opened up at $1.50 CAD per share, and are now trading lower around $1.04 CAD per share. Over 9.5 million shares have already changed hands today, and it's not even halfway through the session. We'll surely be watching the rest of ABcann's big day, as investors are buzzing.

 

Canadian Bioceutical Corp. (CSE:BCC)

 

It was announced this morning that Canadian Bioceutical Corp. completed its acquisition of GreenMart of Nevada LLC. GreenMart "commenced cultivation in October 2016, is located in North Las Vegas, and is applying for a dispensary license." Shares of Canadian Bioceutical Corp. trading in the U.S. on the OTC markets under the ticker CBICF are up 33.03% on the news. 

 

Kush Bottles Inc. (OTC:KSHB)

 

Kush Bottles announced this morning that they've acquired CMP Wellness, a privately held distributor of vaporizers, cartridges and accessories based in Los Angeles, California. Shares of the cannabis packaging and accessories company are up over 6% in early trading, and we'll be interested to see how the trading day finishes up.

 

Maricann Group Inc. (CSE:MARI)

 

Maricann is making moves to expand further into Germany's medical marijuana market, having just raised $42,500,000 CAD for the initiative. The best part of the recently announced financing deal is that it's non-dilutive to existing shareholders. Shares of MARI are up 1.57% on the news. Maricann just recently IPO'ed on the CSE back in April.

 

 

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.

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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/.