The closing bell has rung and its time to take stock of the day's market action. The Solactive North American Medical Marijuana Index had a pretty nice day, gaining roughly 1% as broader equity markets in the U.S. finished the day in the red. A few names from our global marijuana stock database beat the index in today's trading session. Here are five of the biggest marijuana stock gainers in trading on Wednesday, August 23, 2017.
Innovative Industrial Properties Inc. (NYSE:IIPR)
Innovative Industrial Properties rose 3.10% in today's trading session on volume that was more than double its 30-day average volume. This bullish action came without any recent news from the company. Be sure to check out their marijuana stock profile linked above to view a custom stock chart and more recent news.
Related: The Biggest Wall Street Takeaways from IIPR's Q2 2017 Earnings Call
MassRoots Inc. (OTC:MSRT)
This morning, MassRoots announced that the company has scheduled a shareholder update conference call after the close of trading today. Based on today's gain of 6.92% it would appear the market is expecting good news to come out of the call. Find more about MassRoots by checking out the company's marijuana stock profile linked above.
Related: Mark Your Calendars - MassRoots Shareholder Call
THC Biomed International Ltd. (CSE:THC)(OTC:THCBF)(FRA:TFHD)
Shares of THC Biomed gained 8.20% in today's trading on the CSE. The company's OTC Markets symbol rose 10.97% on lighter than average volume. Today's gains came without any recent news from THC Biomed. Be sure to check out their marijuana stock profile to view a custom stock chart and more.
Related: You Can't Grow Cannabis Without Starting Materials
22nd Century Group Inc. (NYSE AMERICAN:XXII)
Earlier today, 22nd Century Group issued a press release highlighting the company's Very Low Nicotine cigarettes and the independent scientists that publicly support the FDA's plan to require lowering nicotine levels to nonaddictive levels. On this release, shares of 22nd Century rose 9.80% on volume that was higher than the company's 30-day average volume. Learn more about 22nd Century (along with their cannabis related research) by checking out the company's marijuana stock profile linked above.
Related: 7 Highlights from 22nd Century's Second Quarter Earnings Release
Zoned Properties Inc. (OTC:ZDPY)
Shares of Zoned Properties rose 18.42% in trading Wednesday. Volume was more than double the company's 30-day average trading volume. Earlier, one of the company's directors filed a form 4 disclosing his purchase of ZDPY shares today. Today's buying adds to the recent surge in insider buying at Zoned Properties. Check out their marijuana stock profile to view a custom stock chart and more from this Arizona-focused cannabis real estate company.
Related: Zoned Properties' Tenant Leasing More Space in AZ Facility
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 Facebook, Twitter, StockTwits and Instagram!
Now Read: Today's Biggest Marijuana Stock Losers
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.