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Monday's Biggest Marijuana Stock Losers

June 5, 2017

 

The closing bell has rung and now it's time to take stock of the day's market action. In today's trading session, a few of the companies from our global marijuana stock database posted noteworthy moves to the downside. In alphabetical order, here are 3 of the biggest marijuana stock losers in trading on Monday, June 5th, 2017. 

Canabo Medical Inc. 

 

In today's trading session, shares of Canabo Medical (TSXV:CMM)(OTC:CAMDF) fell 12.50% on the TSX Venture and 6.33% on the U.S. OTC Markets. Earlier today, Canabo released a corporate update. Learn more about this Canadian cannabinoid clinic operator by checking out the company's marijuana stock profile linked above. 


Insys Therapeutics Inc.

 

Insys Therapeutics Inc. (NASDAQ:INSY) tumbled 8.66% in Monday's trading. Last night, a scathing media investigation into Insys regarding the marketing of their fentanyl product was featured on NBC's show, Sunday Night with Megyn Kelly. On Friday, Insys Director, Dr. Rohit Vishnoi filed a Form 4 with the SEC regarding his purchase of INSY shares on June 1st. Learn more about this NASDAQ listed, cannabinoid biotech company by checking out their marijuana stock profile linked above. 

 

Maple Leaf Green World Inc. 

 

Shares of Maple Leaf Green World Inc. (TSXV:MGW)(OTC:MGWFF) fell 17.35% and 15.18% on the TSX-V and the OTC Markets respectively. This afternoon, Maple Leaf announced that the company will discontinue all future business relations with TheraCann due to "billing irregularities and overbilling". This release comes after TheraCann announced on Friday that they terminated the consulting agreement with Maple Leaf Green World due to a "material breach of contract". Adding to the complication, both of these releases came after Maple Leaf announced on June 1st that the company has retained Cannabis Compliance Inc., and that they will no longer be going forward with their arrangement with TheraCann. From today's trading action, it would appear that the market doesn't like this back and forth between TheraCann and Maple Leaf Green World. Learn more about Maple Leaf Green World by checking 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 profile in our marijuana stock database via the linked ticker symbols. 
 
Also, be sure to subscribe to one or more of our free newsletters so you never miss an important update. If you haven't already, connect with The Daily Marijuana Observer on Facebook, Twitter and Instagram
 
Now Read: Today's Biggest Marijuana Stock Gainers

 

D/M/O

 

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/.