Missed the markets over the weekend? Well, its Monday and they are back! Here are a few marijuana related stocks that are worth paying extra attention to in the rest of trading on Monday, May 8th 2017.
Atlantic Alliance Partnership Corp (NASDAQ:AAPC)
Although shares of Atlantic Alliance Partnership Corp are only up fractionally as of midday trading today, the news this morning is just too important to ignore. Atlantic Alliance Partnership Corp announced that the company has entered into a merger agreement with cannabis-focused real estate investment trust, Kalyx. Kalyx owns and operates nine commercial properties located in four states, Arizona, Colorado, Oregon and Washington State. This transaction provides a path for Kalyx to list on the NASDAQ making them the second cannabis focused real estate investment trust to trade publicly.
Beleave Inc. (CSE:BE)(OTC:BLEVF)(FRA:4B9)
Shares of Beleave Inc. are down less than 1% in the first half of today's North American trading session. After the close on Friday, Beleave announced an agreement with PanCann Streaming Corp. to finance the construction of a planned second production facility.
Invictus MD Strategies Corp. (TSXV:IMH)(OTC:IVITF)(FRA:8IS)
Coming off an exciting day on Friday, this morning shares of Invictus MD Strategies Corp. were halted pending the release of news and have not yet resumed trading. On Friday, Invictus MD closed up 10.32% and 13.51% on the TSX Venture and the OTC Markets, respectively. We'll be sure to keep you posted regarding the market action in shares of Invictus MD once the news is released and the halt is lifted.
Therapix Biosciences Ltd. (TASE:TRPX)(NASDAQ:TRPX)
Therapix Biosciences announced this morning that the company has entered into an agreement to conduct a stage II clinical trial of THX-TS01 for Tourette Syndrome in Germany. As of midday trading Monday, shares of TRPX are up roughly 0.5% on this exciting news.
The summer doldrums appear to have already reached the world of marijuana stocks, with news continuing to be light, but we'll be sure to keep readers posted regarding any important industry developments. Be sure to subscribe to one of our free newsletters so you never miss an important update!
I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The information contained on DailyMarijuanaObserver.com has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.