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Friday, August 11th's Biggest Marijuana Stock Losers

August 11, 2017

 

The closing bell has rung and its time to take stock of the day's market action. Broad cannabis equity markets fell roughly 0.8% in today's trading session. (as measured by the Solactive North American Medical Marijuana Index).  A handful of names from our global marijuana stock database posted even greater losses than the index in today's trading session. In alphabetical order, here are 3 marijuana related stocks that posted noteworthy losses in trading on Friday, August 11th, 2017. 

 

American Cannabis Company Inc. (OTC:AMMJ) 

 

Shares of American Cannabis Company dropped 9.80% in today's trading session on volume that was more than three times the company's 30-day average volume. Today's bearish action came without any recent news from the company. Visit their marijuana stock profile linked above to view a custom stock chart and more!

 

Related: American Cannabis Company Signs New Ohio Client

 

AXIM Biotechnologies Inc. (OTC:AXIM) 

 

AXIM Biotech dropped another 8.19% in today's trading session on volume that was more than double the company's 30-day average volume. Today's bearish action came without any recent news from the company. It would appear that shares of AXIM are selling off in sympathy with the rest of the cannabinoid biotech space this week. Learn more about the company by checking out their marijuana stock profile linked above.

 

Related: AXIM Files Patent on Cannabinoid Gum for Opioid Addiction

 

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

 

Shares of Golden Leaf Holdings dropped 8.33% in today's trading session on the CSE. The company's OTC Markets symbol fell 7.04% on volume that was higher than the company's 30-day average volume. Today's selloff came without any recent news from Golden Leaf. Be sure to check out the company's marijuana stock profile linked above to view a custom stock chart and more. 


Related: Golden Leaf Closes Acquisition of Oregon Cannabis Business

 

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/.