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 trading session.
HempTech Corp. (OTC:HTCO)
This morning, HempTech announced the release of a new hydroponic growing system equipped with sophisticated automation and analytical tools. In midday trading Tuesday, shares of HempTech are falling roughly 2% on lighter than average volume. We'll be watching to see how sales of this new system impact the company's bottom line.
Now Read: HempTech Changing Name and Expanding Business Model
Lexaria Bioscience Corp. (CSE:LXX)(OTC:LXRP)
In midday trading Tuesday, shares of Lexaria on the CSE are flat, while the company's OTC Markets symbol is higher by more than 1%. This morning, Lexaria announced that the company has been granted a patent in Australia for the company's method of "improving absorption, speed of onset, and taste of cannabinoid active agents" in edibles. We'll be watching to see if volume and volatility pick up in shares of Lexaria as the day goes on.
Now Read: Lexaria Bioscience Appoints New CFO & Treasurer
LGC Capital Ltd. (TSXV:QBA)
This morning, TSX Venture-listed LGC Capital announced that the company's joint venture with AfriAg (Pty) Ltd. has signed an agreement to acquire a 60% interest in South Africa's House of Hemp. House of Hemp is the only certified cannabis growing and processing facility in South Africa. In midday trading, shares of LGC Capital are rising more than 33%! We'll be doing more research on the cannabis industry in South Africa as well as LGC Capital's joint venture there.
MyDx Inc. (OTC:MYDX)
In midday trading Tuesday, shares of MyDx are down nearly 2% on lighter than average trading volume. This morning, MyDx announced that the company has filed a lawsuit against its former Chief Operating Officer among other parties. We'll be watching to see the continued market reaction to today's news.
Now Read: MyDx Introduces Bluetooth Smart-Vape
Nutritional High International Inc. (CSE:EAT)(OTC:SPLIF)
Although shares of Nutritional High are flat in midday trading on the CSE, the company's OTC Markets listing is gaining more than 10% halfway through today's session. This morning, Nutritional High announced that the company has filled another order of their popular FLI-branded vape pen cartridges and that they are working on technological improvements to enable them to work with a wider variety of batteries (lowering the cost to consumers). We'll be watching to see how shares of Nutritional High finish out today's trading session.
Now Read: Nutritional High Provides Update on Colorado Operations
Signal Bay Inc. (OTC:SGBY)
Earlier today, Oregon-based cannabis testing provider, Signal Bay, announced the company's expansion into Southern California. Shares of the company are reacting very positively to this news, gaining more than 29% on volume that is already higher than the company's 30-day average volume! We'll be watching to see if this bullish action continues through the rest of today's session.
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.
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