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Thursday's Biggest Marijuana Stock Losers

May 18, 2017

(Image Credit - Sanja Gjenero)

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

In today's session, market moves were relatively muted across our global marijuana stock universe. However, a few names posted noteworthy losses in today's trading. 

In alphabetical order by symbol, 3 of the biggest marijuana stock losers in trading on

Thursday, May 18th, 2017 are as follows:

 

Canadian Bioceutical Corp. 

 

After posting modest gains yesterday, shares of Canadian Bioceutical Corp. (CSE:BCC)(OTC:CBICF) came under pressure in today's trade. Shares finished Thursday's session down 8.93% and 8.70% on the CSE and the OTC Markets respectively. Yesterday, the company announced LOIs to acquire up to four cannabis companies in Maryland and Arizona. Learn more about Canadian Bioceutical Corp. by checking out their marijuana stock profile linked above. 

 

United Cannabis Corp. 

 

In today's trading session, United Cannabis Corp. (OTC:CNAB) finished down 7.00% on higher volume than their 30-day average volume. Today's action came without any recent news from the company. Be sure to check out United Cannabis' marijuana stock profile linked above to view custom charts and news regarding the company. 

 

Naturally Splendid Enterprises Ltd.


Naturally Splendid Enterprises (TSX.V:NSP)(OTC:NSPDF) closed today's session down 5% on the TSX Venture Exchange. Their OTC Markets listing closed Thursday's trading down 3.31%. This morning, Naturally Splendid reported the company's first quarter financial results. On a year-over-year basis revenues were down 59%, though gross margin increased 88% over the same period. View custom charts and more recent news from Naturally Splendid by checking out their 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/.