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Today's Biggest Marijuana Stock Gainers - Monday, August 21st

August 21, 2017

 

The closing bell has rung and its time to take stock of the day's market action. The Solactive North American Medical Marijuana Index dropped more than 1.5% in today's trading session. Losses in the bigger Canadian licensed producers as well as in some of the NASDAQ-listed cannabinoid biotech names contributed to the majority of today's losses in the index. That being said, company specific news drove a few names from our global marijuana stock database significantly higher on the day. Here are three of the biggest marijuana stock gainers in trading on Monday, August 21, 2017. 

 

Abattis Bioceuticals Corp. (CSE:ATT)(OTC:ATTBF)(FRA:115) 

 

On Friday, Health Canada granted two new cultivation licenses, one to International Herbs Medical Marijuana’s second site and one to Experion Biotechnologies. Experion Biotechnologies is 18.75% owned by Northern Vine Laboratories, and Northern Vine Laboratories is majority owned by Abattis Bioceuticals. Shares of Abattis Bioceuticals responded well to this news, gaining 7.84% in today's trading on the OTC Markets. Volume was more than 4x the company's 30-day average volume. Abattis' CSE listed shares finished the day flat. Learn more about Abattis Bioceuticals by checking out the company's marijuana stock profile linked above. 

 

Related: Experion Biotechnologies Approved as Licensed Producer Under ACMPR

 

MyDx Inc. (OTC:MYDX)

 

Shares of MyDx finished today's trading session higher by 6.25% on volume that was more than double the company's 30-day average volume. This afternoon, MyDx reported the company's financial results for their second fiscal quarter. Revenues increased ~47% from the first quarter of this year, gross margin improved and the company incurred net income for the first time in its history. Learn more about MyDx by checking out the company's marijuana stock profile linked above. 

 

Related: MyDx Just Filed a Lawsuit Against its Ex-COO - Here's the Details

 

Umbral Energy Corp. (CSE:UMB)(OTC:UMBBF)(FRA:2UE)

 

Umbral Energy shares rose 15.79% in today's trading session on the CSE. Shares of Umbral didn't trade today on the OTC Markets. This morning, Umbral announced that the company has closed on their previously announced acquisition of an additional 25% of late stage ACMPR applicant, PhyeinMed. 

 

Related: Umbral to Acquire Additional 25% of Late Stage ACMPR Applicant

 

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. Don't be a stranger; connect with The Daily Marijuana Observer on FacebookTwitterStockTwits and Instagram!

 

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/.