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Tuesday, August 8th's Biggest Marijuana Stock Gainers

August 8, 2017

 

The closing bell has rung and now it's time to take stock of the day's market action. Cannabis stocks broadly (measured by the Solactive North American Medical Marijuana Index) fell more than 3% in today's trading session. That said, the majority of today's losses in the index are attributable to Zynerba in yesterday's session (due to the bank holiday in Canada, the index wasn't calculated yesterday even though U.S. markets were open). In alphabetical order, here are 5 of the biggest marijuana stock gainers in trading on Tuesday, August 8th, 2017. 

 

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

 

Shares of Aphria rose 4.17% in today's trading session on the TSX despite a lack of recent news from the company. Their OTC Markets listing rose 2.97% on volume that was around its 30-day average volume. Be sure to check out Aphria's marijuana stock profile linked above to view a custom stock chart and more recent news. 

 

Related: Settlement Troubles Ahead for Canadian Cannabis Stocks?

 

GB Sciences Inc. (OTC:GLBX) 

 

In today's trading session, shares of GB Sciences rose 7.24% on volume that was lighter than the company's 30-day average volume. Today's gains came without any recent news from the company. View a custom stock chart and learn more about the company by checking out GB Sciences' marijuana stock profile linked above. 

 

Related: GB Sciences Beats Out Competition to Win LSU Cultivation Bid

 

MedReleaf Corp. (TSX:LEAF)(OTC:MEDFF)(FRA:MEW)

 

This morning, MedReleaf Corp. announced that the company has completed its first export of cannabis oil to Brazil. Although small, this export opens the door to further opportunities in Brazil and beyond. Shares of MedReleaf gained 1.67% in today's trading on the TSX, while the company's OTC Markets symbol dropped 1.56% on volume that was more than double its 30-day average volume. 

 

Related: MedReleaf Completes First Ever Export of Cannabis Oil to Brazil


Umbral Energy Corp. (CSE:UMB)(OTC:UMBBF)

 

Umbral Energy shares gained 5.00% in today's trading on the CSE, while the company's OTC Markets symbol dropped 1.06% on higher than average trading volume. Umbral announced that their 75% owned late-stage ACMPR applicant, PhyeinMed has joined Canopy Growth Corp's CraftGrow Program. We're working on a marijuana stock profile for Umbral Energy, so check back soon or subscribe to our free Canadian licensed producer (and late stage applicant) email newsletter to find out when it becomes available. 

 

Related: Umbral Energy's Phyeinmed Joins Canopy's CraftGrow Program

 

Zoned Properties Inc. (OTC:ZDPY) 

 

In today's trading, shares of Zoned Properties rose 1.70% on lighter than average volume. These gains came without any recent news from the company. View a custom stock chart and more by checking out Zoned Properties marijuana stock profile linked above. 

 

Related: Mark Your Calendars - Zoned Properties Earnings Announcement

 

Conclusion

 

Find more about today's gainers 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 Losers

 

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/.