Today's Biggest Marijuana Stock Gainers - Thursday, August 24th

August 24, 2017

Rachel Douty

The closing bell has rung and its time to take stock of the day's market action. The Solactive North American Medical Marijuana Index was pretty quiet in today's trading session, falling roughly 0.3%. That being said, stock-specific news drove a few names from our global marijuana stock database significantly higher in today's trading session. Here are three of the biggest marijuana stock gainers in trading on Thursday, August 24th, 2017.

CannaRoyalty Corp. (CSE:CRZ)(OTC:CNNRF)(FRA:CY4)

Shares of CannaRoyalty rose 0.88% in today's trading on the CSE. The company's OTC Markets symbol finished the day higher by 1.88% on volume that was more than double its 30-day average volume. After the close of trading yesterday, CannaRoyalty announced that the company has closed their $12 million financing from Sprott, as part of their previously announced cannabis financing joint venture. This morning, CannaRoyalty released their financial results for the second quarter of 2017. Learn more about CannaRoyalty by checking out the company's marijuana stock profile linked above.

MassRoots Inc. (OTC:MSRT)

On the gainers list for the second day in a row, shares of MassRoots finished today's trading up 9.59%. Yesterday evening, MassRoots announced that the company is acquiring CannaRegs, a technology-enabled tracker of changes in cannabis regulations at the municipal, local and state levels. Check out MassRoots' marijuana stock profile to view a custom stock chart and learn more about this marijuana-related technology company.

THC Biomed International Ltd. (CSE:THC)(OTC:THCBF)(FRA:TFHD)

Also on the gainers list for the second day in a row, shares of THC Biomed doubled in today's trading session! On the CSE, THC Biomed finished the day up 103.03% on volume that was more than 250x the company's 30-day average volume! Their OTC Markets listing rose 96.23% on volume that was roughly 20x its 30-day average volume. This morning, THC Biomed announced that the company has received their license to sell dried cannabis from Health Canada. Before you go, make sure you check out the company's marijuana stock profile linked above to learn more about today's big winner.

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 Facebook, Twitter, StockTwits and Instagram!

Now Read: Today's Biggest Marijuana Stock Losers

D/M/O

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