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Monday's Biggest Marijuana Stock Losers

August 7, 2017

 

Although Canadian equity markets were closed today in observance of a Bank Holiday, and U.S markets (with the notable exception of Zynerba) remained relatively quiet in today's session, a handful of companies from our global marijuana stock database had a tough time in today's session. In alphabetical order, here are 3 marijuana-related stocks that exhibited bearish action in trading on Monday, August 7th, 2017. 

 

 

Cara Therapeutics Inc. (NASDAQ:CARA) 

 

After gaining more than 20% in Friday's trading session, shares of Cara Therapeutics gave some back in today's session, falling 8.63% on volume that was lighter than the company's 30-day average volume. Be sure to check out Cara's marijuana stock profile linked above to check out a custom stock chart and more recent news. 

 

Subscribe Now: Cannabinoid Biotech & Pharma Updates

 

mCig Inc. (OTC:MCIG) 

 

Shares of mCig lost 8.30% in today's trading session. Trading volume today was significantly higher than the company's 30-day average volume. This bearish action came without any recent news from the company. Learn more about mCig by checking out the company's marijuana stock profile linked above. 

 

Related: mCig Expands Cannabis Supply Division to California

 

Zynerba Pharmaceuticals Inc. (NASDAQ:ZYNE) 

 

On a 'failed' clinical trial of their CBD gel for the treatment of focal seizures in adults, shares of Zynerba Pharmaceuticals plunged 55.71% in today's session. Trading volume today was more than 15x the company's 30-day average volume. Be sure to check out Zynerba's marijuana stock profile linked above to view a custom stock chart (even though you probably already have a concept of what it looks like) and more recent news. 

 

Related: Zynerba Shares Plunge 50% On Clinical Trial Data

 

Conclusion

 

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

 

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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/.