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A Quiet Friday's Marijuana Stock Watchlist

June 2, 2017

 

It's a pretty quiet day in the cannabis-related equity markets today. News is slow, and volatility has calmed across our global marijuana stock universe. That said, there are a few companies we'll be keeping an eye on as we finish out this week's trading. 

 

mCig Inc. (OTC:MCIG) & Player's Network Inc. (OTC:PNTV)

 

This morning, mCig and Player's Network announced the phase 1 completion of Green Leaf Farms Holdings' North Las Vegas Facility. Green Leaf Farms is a subsidiary of Player's Network that contracted mCig to complete the first phase of development. In early trading Friday, shares of mCig are rising more than 6%, while shares of Player's Network are down nearly 3% on the day. We'll be watching to see how shares of both companies finish out the day's (and week's) trading. 

 

Newstrike Resources Ltd. (TSXV:HIP)

 

So far in their second day of trading, shares of Newstrike Resources are down more than 7%. Today's downside move comes after a positive first day of trading where shares finished up roughly 9%. We'll be watching to see how Newstrike Resources finishes out the day's trading. 

 

Organigram Holdings Inc. (TSXV:OGI)(OTC:OGRMF) 

 

Last night after the market close, Organigram announced that the company has completed its previously announced acquisition of Canadian medical cannabis clinic, Trauma Healing Centers. Shares of Organigram are flat on the TSX-V and up roughly 0.75% on the OTC Markets as of early trading Friday. We'll be watching to see if volume and volatility picks up in Organigram shares as the day goes on. 

 

Conclusion

 

There's not much else moving markets in the weed stock world today, but we'll be sure to keep readers posted. Be sure to subscribe to one of our free newsletters so you never miss an important update! Also, don't forget to connect with The Daily Marijuana Observer on Facebook, Twitter, and Instagram.

 

D/M/O

Disclosure

 

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.

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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/.