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Marijuana Stocks To Watch - Friday, June 16th

June 16, 2017

 (Image Credit - Sanja Gjenero

It’s a quiet almost-summer Friday here on Wall Street and the same is true for the cannabis markets. News is very slow this morning and volatility across our global marijuana stock universe has calmed down. That said, there are a handful of companies worth keeping an eye on as we head into the weekend. 

 

Friday Night, Inc. (CSE:TGIF)

 

Shares of Friday Night Inc., started trading today on the Canadian Securities Exchange. Friday Night Inc. owns 91% of Alternate Medicine Association LC, a Nevada licensed medical marijuana producer and 91% of Infused Mfg., LLC, a producer of hemp and CBD infused products. In early trading Friday, shares of the company are up more than 6% from their opening price. We'll be watching to see how Friday Night Inc. trades through the rest of the session. 

 

GB Sciences Inc. (OTC:GBLX)

 

Building on recent gains, shares of GB Sciences are up more than 4% in early Friday trading. Earlier this week, Louisiana State University announced that they plan on contracting GB Sciences to produce medical marijuana for the university. We'll be watching to see if the recent bullish action in shares of GBLX can continue heading into the weekend. 

 

RespireRX Pharmaceuticals Inc. (OTC:RSPI)

 

This morning, RespireRX is presenting at the Marcum MicroCap Conference. For those not familiar with the company, RespireRX is preparing to enter stage three clinical trials of its dronabinol treatment for sleep apnea. In today's trading thus far, shares of RespireRX are flat. We'll be watching to see if any news or developments from the conference have an impact on the company's stock price. 

 

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

 

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/.