Based on recent news and market movement in the early part of the trading day, here are a handful of marijuana stocks to keep an eye on in the rest of today's trading session.
Hydropothecary Corp. (TSXV:THCX)(OTC:HYYDF)
This morning, The Hydropothecary Corp. announced that the company is set to launch a new cannabis-based sublingual spray. This is the first product of its kind to be approved by Health Canada and offered by an ACMPR licensed producer. On today's news, shares of Hydropothecary are gaining more than 9% in early trading on the TSX Venture exchange. The company's OTC Markets listing is gaining roughly 5% on volume that is already more than double its 30-day average volume.
Related: Hydropothecary's Q3 2017 Financial Results Breakdown
India Globalization Capital Inc. (NYSEMKT:IGC)
Shares of India Globalization Capital are rising more than 13% in early trading Tuesday. Volume is already higher than the company's 30-day average volume. This morning, a positive editorial regarding the company's THC-based Alzheimer's treatment was released. We'll be watching to see how shares trade through the rest of the day given the positive market reaction to this report.
Related: India Globalization Capital Licenses THC Alzheimer’s Treatment
Kush Bottles Inc. (OTC:KSHB)
In early trading Tuesday, shares of Kush Bottles are falling more than 3% on lighter than average trading volume. This morning, Kush Bottles announced that the company is expanding to Alaska through a distribution agreement with JKD Brands. We'll be watching to see if volumes pick up in shares of Kush Bottles as the trading day continues.
Related: Kush Bottles Q3 2017 Financial Results Breakdown
MariMed Inc. (OTC:MRMD)
This morning, MariMed announced that the company has completed the final step in transitioning to fully focus on providing consulting and management services to cannabis companies by promoting their cannabis division's CEO and CFO to their respective roles at the corporate level. In early trading Tuesday, shares of MariMed are down roughly 1.5%. We'll be watching to see how shares trade through the rest of the day on this news and the company's increased media presence given today's release.
Related: MariMed Client Opens Nevada MMJ Cultivation Facility
Marapharm Ventures Inc. (CSE:MDM)(OTC:MRPHF)(FRA:2M0)
Shares of Marapharm on the CSE are gaining roughly 2.5% in early trading Tuesday after the company announced progress on the construction of the company's facilities in Washington and Nevada. Marapharm's OTC Markets symbol is falling fractionally on light trading volume. We'll be watching to see how the markets continue to react to Marapharm's update.
Related: Standard Graphite To Acquire Marapharm's Late Stage Applicant
22nd Century Group Inc. (NYSEMKT:XXII)
After having a tough time in yesterday's trading, shares of 22nd Century Group are losing another 5.4% in early trading Tuesday. The selloff this week has come without any recent news from the company. We'll be watching to see how shares of 22nd Century Group close today's trading session given this recent selling pressure.
Related: 22nd Century to Use Industrial Hemp to Restore Polluted Lands
Zynerba Pharmaceuticals Inc. (NASDAQ:ZYNE)
Although shares of Zynerba have come back a bit from their steep losses earlier, at the time of this writing, shares are still falling by more than 3%. Today's losses in Zynerba have come without any recent news from the company. We'll be watching to see if Zynerba can continue to crawl back some of these losses.
Related: Zynerba Pharmaceutical's New Investor Presentation
That's all we have for now, but we'll be sure to keep readers posted regarding important developments in these names and in the cannabis industry worldwide. Remember, shares of India Globalization Capital, 22nd Century Group and Zynerba Pharmaceuticals can all be traded commission free using the Robinhood app.
Be sure to subscribe to one or more of our free newsletters so you never miss an important update! Also, don't forget to connect with The Daily Marijuana Observer on Facebook, Twitter, Instagram and StockTwits.
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.