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Marijuana Stocks To Watch - Friday, July 14th

July 14, 2017

 

It's a pretty quiet day in the cannabis-related equity markets today. News is slow, and volatility has calmed across The Daily Marijuana Observer's global marijuana stock universe. That said, there are a few companies worth keeping an eye on heading into the weekend. 

 

Friday Night Inc. (CSE:TGIF)(OTC:VPGDF)

 

In early trading Friday, shares of Friday Night Inc. are up more than 4% on the CSE. The company's shares on the OTC Markets are up fractionally. This morning, Friday Night Inc. announced that their 91% owned subsidiary, Infused MFG LLC achieved June revenues that were double the company's estimates. Last week, Friday Night Inc. announced that their other subsidiary, Alternative Medicine Association, achieved record revenues in the month of June. The Daily Marijuana Observer will be watching to see how shares of Friday Night Inc. trade through the rest of the day. 

 

India Globalization Capital Inc. (NYSE:IGC)

 

Shares of India Globalization Capital are rising roughly 3% in early Friday trading. This morning, the company released their full year financial results and filed their 10-K with the SEC. The Daily Marijuana Observer will be watching to see how the markets continue to digest their earnings release. 

 

Insys Therapeutics Inc. (NASDAQ:INSY)

 

In early trading, shares of Insys Therapeutics are falling more than 3%. Earlier this week, it was announced that more former employees have pleaded guilty to conspiring pay kickbacks to medical practitioners to prescribe a Insys drug containing fentanyl. After the close yesterday, health insurance company Anthem Inc. filed a lawsuit against Insys stating that Insys lied to Anthem about patients’ conditions and therefore received fraudulent reimbursements for their fentanyl drug Subsys. The Daily Marijuana Observer will be watching to see if this news continues to bring the bears into Insys shares. 

 

Invictus MD Strategies Corp. (TSXV:IMH)(OTC:IVITF)

 

In early trading Friday, shares of Invictus MD Strategies Corp. are rising more than 5% on the both the TSX Venture and the OTC Markets. This morning, the company announced that Acreage Pharms has obtained development permits and broken ground on phase two of their cultivation facility. The Daily Marijuana Observer will be watching to see how the markets continue to digest this news.

 

Conclusion

 

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. 
 
Be sure to subscribe to one or more of their free newsletters so you never miss an important update! Also, don't forget to connect with The Daily Marijuana Observer on FacebookTwitter, 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/.