Based on recent news and market movement in the early part of the trading day, here are a handful of marijuana stocks we'll be keeping an eye on through the rest of today's trading session:
Beleave Inc. (CSE:BE)(OTC:BLEVF)
As of early trading Tuesday, shares of Beleave Inc. are up more than 8% on the CSE and down more than 11% on the OTC Markets. After their subsidiary, First Access Medical, received its ACMPR license on May 19th, shares of Beleave have come under considerable pressure. In response to this, the company issued a press release last night stating there has been 'no material change' that management is aware of. We'll be watching to see how shares react to this 'assurance of a lack of news' through the rest of today's trading.
ICC International Cannabis Corp. (TSX-V:ICC)(OTC:ICCLF)
This morning, ICC International Cannabis Corp. announced the company has obtained approval from Uruguayan regulatory authorities to cultivate an additional 494 acres. In early Tuesday trading, shares are higher by roughly 3% and nearly 10% on the TSX-V and the OTC Markets respectively. We'll be watching to see how shares of ICC trade through the rest of the session given today's news.
PUF Ventures Inc. (CSE:PUF)(OTC:PUFXF)
Earlier today, PUF Ventures announced that its late state ACMPR Applicant is moving forward in the Health Canada queue. Health Canada has been making improvements to help expedite the ACMPR license process, especially ahead of recreational legalization. Shares are down roughly 2.55% on the CSE. The company's OTC Markets symbol is trading down roughly 0.5% as of early trading Tuesday. We'll be watching to see how shares of PUF Ventures finish out today's session given this news.
Supreme Pharmaceuticals Inc. (TSX-V:FIRE)(OTC:SPRWF)
In the company's first day of trading on the TSX Venture Exchange, shares of Supreme are up more than 4%. Supreme delisted from the CSE last night in order to move to the TSX-V. The company also changed their ticker symbol to FIRE. We'll be watching to see how shares of Supreme finish out their first session on the TSX Venture.
That's all for now folks, but we'll be watching the market action in these names and more marijuana related stocks through the rest of the trading day. Be sure to subscribe to one or more of our free email newsletters so you never miss an important marijuana industry update. Also, visit us on Facebook, Twitter and Instagram!
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.