Based on recent news and market action in early trading, here are a few marijuana stocks worth keeping an eye on in the rest of today's trading session. Happy Trading!

Algae Dynamics Corp. (OTC:ADYNF) 

Earlier today, Algae Dynamics Corp. announced that they have entered into a letter of intent with Canadian licensed producer, Bonify in order to outline the terms of a partnership relating to the production of cannabis oils. In early trading Thursday, shares of Algae Dynamics are flat on volume that is already double the company's 30-day average volume. We'll be watching to see how the markets continue to react to today's news.  

Related: Get to Know Bonify, Manitoba's Newest Licensed Producer

Intec Pharma Ltd. (TASE:NTEC)(NASDAQ:NTEC) 

Shares of Intec Pharma Ltd. were big winners in yesterday's trading session on news the company is completing a private placement to fund a phase three trial of their Parkinson's drug. In early trading Thursday, shares of Intec Pharma are rising more than 4%. We'll be watching to see how the markets continue to react to this news as well as the recent bullish action in shares of Intec. 

Related: Intec Announces Secondary Offering of Shares

GW Pharmaceuticals Plc. (NASDAQ:GWPH) 

This morning, Evercore ISI initiated research coverage of GWPH at 'outperform' with a price target of $154. Shares of GW Pharmaceuticals closed at 102.87 yesterday, representing roughly 49% of upside to Evercore ISI's price target. In early trading Thursday, shares of GW Pharmaceuticals are down roughly 0.25%. We'll be watching to see if any more volatility comes into the market given this bullish analyst coverage. 

Related: 8 Biggest Takeaways From GWPH's Q3 Earnings Release

Conclusion
 
That's all for now, but we'll be sure to keep readers posted regarding important developments in these names and in the cannabis industry worldwide. Be sure to subscribe to one or more of our free newsletters so you never miss an important marijuana update. Don't be a stranger; connect with The Daily Marijuana Observer on Facebook, Twitter, StockTwits and Instagram!

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.