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Friday's Biggest Marijuana Stock Losers

August 4, 2017

 (Image Credit - Sanja Gjenero)

The closing bell has rung and its time to take stock of the day's market action. Broad cannabis equity markets recovered some of yesterday's steep losses, gaining roughly 1% in today's trading session (as measured by the Solactive North American Medical Marijuana Index). Despite broader gains, there were a handful of names from our global marijuana stock database that sold off in today's trading session. In alphabetical order, here are 3 marijuana related stocks that posted noteworthy losses in today's trading session.

 

Aphria Inc. (TSX:APH)(OTC:APHQF)(FRA:10E)

 

After falling more than 5% yesterday on fears regarding the possibility of new rules banning the settlement of cannabis companies with U.S. operations at Canada's only equity clearinghouse, shares of Aphria dropped another 3.20% in today's trading on the TSX. The company's OTC Markets listing dropped 3.62% on higher than average trading volume. Learn more about Aphria by checking out their marijuana stock profile linked above. 

 

Related: Settlement Troubles Ahead for Canadian Cannabis Stocks?

 

Diego Pellicer Worldwide, Inc. (OTC:DPWW) 

 

Diego Pellicer Worldwide shares fell 5.66% in today's trading session. Volume today was more than 3x the company's 30-day average volume. Today's bearish action came without any recent news from Diego Pellicer Worldwide. Be sure to check out the company's marijuana stock profile where you can view a custom stock chart and more recent news. 

 

Now Read: Sen. Booker Introduces Bill to De-Schedule Marijuana

 

Golden Leaf Holdings Ltd. (CSE:GLH)(OTC:GLDFF)(FRA:9GL)

 

Shares of Golden Leaf Holdings on the CSE plunged 8% in today's trading session. Volume was significantly higher than the company's 30-day average volume. The company's OTC Markets listing dropped 4.20% on volume that was also higher than its 30-day average volume. Today's losses are likely related to the settlement concerns regarding Canadian marijuana stocks with U.S. operations. Learn more about Golden Leaf by checking out the company's marijuana stock profile linked above. 

 

Related:  4 Things to Know About The CSE's Statement on U.S. Cannabis Issuers

 

Conclusion

 

Find more about today's losers by checking out their respective profiles in our global marijuana stock database via the linked tickers above. 

 

To stay up to date with important developments in the cannabis industry, be sure to subscribe to one or more of our free email newsletters

 

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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/.