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Friday's Biggest Marijuana Stock Losers

July 21, 2017

 

The closing bell has rung and now it's time to take stock of the day's market action. A few companies from our global marijuana stock database had a tougher time in today's trading session. In alphabetical order, here are 4 of the biggest marijuana stock losers in trading on Friday, July 21st, 2017. 

 

Abattis Bioceuticals Corp. (CSE:ATT)(OTC:ATTBF)(FRA:115)

 

On the losers list for the second day in a row, shares of Abattis Bioceuticals dropped 6.90% in today's trading on the CSE. The company's OTC Markets symbol lost 2.58% on volume that was higher than the company's 30-day average volume. Earlier this week, the company announced that its U.S. listed shares have become DTC eligible, this makes them easier to settle (the process where the buyer gets shares of stock, and the seller gets the cash after a trade happens) with potentially lower fees. Be sure to check out Abattis' marijuana stock profile linked above to view a custom stock chart and more news regarding the company. 

 

Insys Therapeutics Inc. (NASDAQ:INSY)

 

Shares of Insys Therapeutics dropped 2.68% in today's trading on higher volume than the company's 30-day average volume. The saga regarding inappropriate prescribing of Insys' opiate drug, Subsys continued this week as it was announced that the FBI seized patient records from a pain clinic in Kansas City. Additionally, on Tuesday, the company announced that they have appointed a new Chief Financial Officer. Insys' cannabinoid drugs in development appear to have slipped out of the spotlight given these recent management changes, legal action and government investigation. Although their cannabinoid products aren't generating revenue yet, down the road, they could help Insys break away from opioids. Learn more about the company by checking out their marijuana stock profile linked above. 

 

mCig Inc. (OTC:MCIG)

 

Shares of mCig dropped 6.42% in today's trading session on volume that was around the company's 30-day average volume. On Monday, mCig announced that the company is expanding its cannabis packaging division to California along with some other updates from their cannabis facility construction division. Be sure to check out mCig's marijuana stock profile linked above to view custom charts and more recent news. 

 

Now Read: mCig Expands Cannabis Supply Division to California

 

Terra Tech Corp. (OTC:TRTC)

 

In Friday's trading session, shares of Terra Tech Corp. fell 4.58% on higher than average trading volume. Today's bearish action came without any recent news from the company. Learn more about Terra Tech by checking out their marijuana stock profile linked above. 

 

Now Read: Terra Tech's Nevada Dispensaries to Open For Adult-Use Sales

 

Conclusion
 
To learn more about any of today's marijuana stock losers, check out their profile in our global marijuana stock database via the linked tickers above.
 
Also, be sure to subscribe to one or more of our free email newsletters so you never miss an important update. Don’t forget to connect with The Daily Marijuana Observer on social media via Facebook, Twitter, StockTwits, and Instagram.
 
Now Read: Today's Biggest Marijuana Stock Gainers

 

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/.