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.
Invictus MD Strategies Corp.
In early trading Thursday, shares of Invictus MD Strategies Corp. are rising roughly 1% and more than 5% on the TSX Venture and the OTC Markets, respectively. This morning, the company released an update on developments at AB Laboratories, AB Ventures and changes in their management team. The Daily Marijuana Observer will be watching to see if shares can continue this early bullish action, especially as shares have given back some gains on the TSX Venture.
Kush Bottles Inc.
This morning, Kush Bottles (OTC:KSHB) announced the company's financial results for their third fiscal quarter ending May 31st. In early trading, shares of Kush Bottles are up nearly 1% on higher than average volume for this time of day. The Daily Marijuana Observer will be watching to see if volatility picks up on today's earnings release.
Newstrike Resources Inc.
Shares of Newstrike Resources (TSX Venture:HIP) are up more than 6% in early trading Thursday. This morning, the company announced that their ACMPR licensed subsidiary has entered into an agreement to acquire a greenhouse facility. The Daily Marijuana Observer will be watching to see if shares of Newstrike can continue these early gains.
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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