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. A handful of names from our global marijuana stock database posted greater losses than the index in today's trading session. In alphabetical order, here are 3 of the biggest marijuana stock losers in trading on Monday, August 21st, 2017.
AXIM Biotechnologies Inc. (OTC:AXIM)
Shares of AXIM Biotechnologies fell 10.45% on higher than average volume in trading on Monday. Today's sell-off came without any recent news from AXIM. Be sure to check out AXIM's marijuana stock profile in our cannabinoid biotech stock database linked above to view a custom stock chart and more recent news.
Related: AXIM Biotech to Study CBD Gum To Treat Drug-Induced Psychosis
India Globalization Capital Inc. (NYSE American:IGC)
Earlier today, India Globalization Capital announced the company’s financial results for the quarter ended June 30th. The company posted a loss of $432,141 in the quarter, up from a loss of $383,566 in the comparable quarter of last year. Revenues decreased from the comparable quarter of last year due to the company’s efforts to focus on their cannabinoid therapies segment. This news sent shares of India Globalization Capital down 9.60% on higher than average trading volume. Learn more about India Globalization Capital by checking out their marijuana stock profile linked above.
Related: THC-Based Alzheimer’s Treatment Expert Joins IGC's Research Team
Nutritional High International Inc. (CSE:EAT)(OTC:SPLIF)(FRA:2NU)
This morning, Nutritional High announced that due to their failure to meet local residency requirements for buying cannabis cultivation and production licenses in Nevada, the company is pursuing a new strategy that involves partnering with a consortium of local investors. Despite the new strategy, markets were discouraged by the company's inability to directly purchase the licenses. Shares of Nutritional High closed today's trading session down 4.35% on the CSE. In a surprising twist, shares of Nutritional High on the OTC Markets gained 5.50% on lighter than average volume. Learn more about Nutritional High by visiting the company's marijuana stock profile linked above.
Related: Nutritional High Announces Sale of FLI Cartridges to Nature's Herbs in Colorado
Find more about today's losers 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 Facebook, Twitter, StockTwits and Instagram!
Now Read: Today's Biggest Marijuana Stock Gainers
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