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.
American Cannabis Company Inc. (OTC:AMMJ)
In early trading Thursday, shares of American Cannabis Company Inc. (OTC:AMMJ) are up more than 2%. This morning, the company announced that two of its Ohio clients have successfully submitted applications to the state for marijuana business licenses. We'll be watching to see how the market continues to react to this news.
Emerald Health Therapeutics Inc. (TSXV:EMH)(OTC:TBQBF)
This morning, Emerald Health Therapeutics released a shareholder's update regarding their recent joint venture with Village Farms and other expansion plans. In early trading today, shares of Emerald on the TSX Venture are roughly flat. The company's OTC Markets listing is up more than 2% on light trading volume. We'll be watching to see the continued market reaction to Emerald's shareholder update.
HempTech Corp. (OTC:HTCO)
Shares of HempTech Corp. are up more than 1% in early trading Thursday. Earlier today, HempTech announced that they are changing their name to Nuvus Corp. The company also announced that they are exploring expansion opportunities in both the U.S. and Canada. We'll be watching to see how the market continues to digest this news.
Innovative Industrial Properties Inc. (NYSE:IIPR)
In early trading Thursday, shares of Innovative Industrial Properties are up more than 1% on volume that is already more than double the company's 30-day average volume. Today's action comes without any recent news from the company. Learn more about this dividend paying marijuana stock by checking out the company's profile linked above.
That's all for now, but we'll be sure to keep readers posted regarding important developments in these names and in the cannabis industry worldwide. Remember, shares of Innovative Industrial Properties can be traded for free using the Robinhood app.
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