The closing bell has rung and its time to take stock of the day's market action. The Solactive North American Medical Marijuana Indexrose roughly 0.5% in today's trading session. Although action in the index and many of its components was relatively muted today, a handful of names from our global marijuana stock database posted noticeable losses in trading today. Here are three of the biggest marijuana stock losers in trading on Tuesday, August 22, 2017.
Canadian Bioceutical Corp. (CSE:BCC)(OTC:CBICF)(FRA:5CB)
Shares of Canadian Bioceutical Corp.fell 4.05% in today's trading session on the CSE. The company's OTC Markets symbol dropped 8.19% on volume that was slightly lighter than its 30-day average volume. Earlier this morning, Canadian Bioceutical announced that the company is entering into a joint venture with Israeli pharmaceutical company, Panaxia to produce proprietary, smokeless and pharmaceutical grade cannabis products. Be sure to check out the company's marijuana stock profile linked above to view a custom stock chart and more recent news.
MyDx gave back all of yesterday's gains and more in today's trading session, falling 12.75%. Trading volume today was higher than the company's 30-day average volume. Yesterday, MyDx announced the company's second quarter financial results. Learn more about MyDx by checking out their marijuana stock profile linked above.
Nutritional High International Inc. (CSE:EAT)(OTC:SPLIF)(FRA:2NU)
On the losers list for the second day in a row, shares of Nutritional Highdropped another 9.09% on the CSE today. Their OTC Markets symbol fell 12.99% on lighter than average volume. Yesterday, Nutritional High announced that the company is unable to directly purchase the Nevada cultivation and production licenses that they had planned on buying because of local residency requirements. The company is working towards establishing a consortium of local investors in an attempt to purchase the licenses indirectly. Put the recent selloff into perspective by checking out a custom stock chart in Nutritional High's marijuana stock profile linked above.
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