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Tuesday's Biggest Marijuana Stock Losers

May 16, 2017

 

The closing bell has rung and now it's time to take stock of the day's market action.

As the week goes on, news and earnings have picked up across our global marijuana stock universe and so has volatility. In a few stocks, today's volatility was to the downside. In alphabetical order by symbol, 5 of the biggest marijuana stock losers in trading on Tuesday, May 16th, 2017 are as follows: 

 

Affinor Growers Inc. 

 

In today's trading session, shares of Affinor Growers (CSE:AFI)(OTC:RSSFF) closed down 5.00% and 2.38% on the CSE and OTC Markets respectively. Today's move comes without any recent news from the company. Be sure to learn more about this ag-tech company by visiting their marijuana stock profile linked above. 

 

Grow Solutions Holdings Inc. 

 

Shares of Grow Solutions Holdings (OTC:GRSO) closed today's trading session down 16.02% on volume that was nearly double their 30-day average trading volume. Learn more about Grow Solutions by checking out their marijuana stock profile linked above. 

 

Grow Condos Inc. 

 

Grow Condos Inc. (OTC:GRWC) closed today's trading down 6.84% without any recent news from the company. Trading volume was higher than the company's 30-day average volume. Be sure to check out Grow Condos' marijuana stock profile linked above to view custom charts and news regarding the company.  

 

Laguna Blends Inc. 

 

Shares of Laguna Blends Inc. (CSE:LAG)(OTC:LAGBF) finished the day's trading down 7.14% on the CSE. Their OTC Markets symbol finished flat on the day after crawling back earlier losses. Today's losses come without any recent news from the company. We're working on a marijuana stock profile for Laguna Blends, so check back soon and be sure to subscribe to our free email newsletter to find out when it becomes available. 

 

Surna Inc. 

 

Surna Inc. (OTC:SRNA) fell 3.42% in today's trading session after the company reported a miserable quarter. On a year-over-year basis revenue decreased 36% and expenses rose, pushing down gross margin by 17 percentage points. Read more about the challenges at SRNA in our Seeking Alpha article here, and be sure to check out the company's marijuana stock profile linked above. 

 

Conclusion
 
If you see a company in today's marijuana stock losers that interests you, find out more by checking out their stock profile in our marijuana stock database via the linked ticker symbols. 
 
Also, keep up with cannabis stock and industry updates from the Daily Marijuana Observer by following us on social media and by subscribing to our email newsletter found below. 

 

Now read: Today's Biggest Marijuana Stock Gainers

 

Disclaimer


Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) 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.

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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/.