Based on recent news and market movement in the first half of the trading day, here are a handful of marijuana stocks to keep an eye on in the rest of today's session.
ABcann Global Corp. (TSXV:ABCN)(OTC:ABCCF)
Shares of ABcann Global are up more than 2% in midday trading on both the TSX Venture and the OTC Markets. This morning, the company announced that they have been approved for listing on the OTC Markets and the Deutsche Borse. We'll be watching to see if this early bullish action can continue in the rest of today's trading.
Aphria Inc. (TSX:APH)(OTC:APHQF)
This morning, Aphria Inc. announced the company's financial results for their 2017 fourth quarter and fiscal year. In midday trading, shares of Aphria are up roughly 10% on the TSX. The company's OTC Markets listing is up nearly 12%. We'll be watching to see how the markets continue to digest their earnings release in the rest of today's session.
Aurora Cannabis Inc. (TSXV:ACB)(OTC:ACBFF)
Shares of Aurora Cannabis are rising more than 4.5% in midday trading on the TSX Venture. The company's OTC Markets listing is up more than 5%. This morning, Aurora announced that their wholly-owned German subsidiary has passed the first stage of the application process to cultivate medicinal cannabis there. We'll be watching to see how the markets react to this news in the rest of today's session.
AXIM Biotechnologies Inc. (OTC:AXIM)
This morning, AXIM Biotechnologies announced that they company held their bi-annual board meeting on July 8th. In midday trading Wednesday, shares of AXIM are down more than 1.0% on lighter than average volume. We'll be watching to see if the markets make any noteworthy moves on this news in the rest of today's session.
Naturally Splendid Enterprises Ltd. (TSXV:NSP)(OTC:NSPDF)
In midday trading Wednesday, shares of Naturally Splendid Enterprises are down more than 5% on the TSX Venture. Shares haven't traded on the OTC Markets yet. This morning, the company announced that they are acquiring a natural foods producer and distributor and completing a related private placement. We'll be watching to see how shares of Naturally Splendid finish out today's trading.
PUF Ventures Inc. (CSE:PUF)(OTC:PUFXF)
This morning, PUF Ventures announced that the company has acquired an adjacent property to give them the option of a facility expansion down the road. Shares of PUF Ventures are up roughly 3% on the CSE in midday trading Wednesday. The company's OTC Markets symbol hasn't traded today. We'll be watching to see how the markets digest this news through the rest of today's trading.
That's all for now, but The Daily Marijuana Observer will be sure to keep readers posted regarding important developments in these names and in the cannabis industry worldwide.
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