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%. Despite modest losses in the index, a few names from our global marijuana stock database ended today's session deep in the red. Here are three of the biggest marijuana stock losers in trading on Thursday, August 24th, 2017.
CanniMed Therapeutics Inc. (TSX:CMED)(OTC:CMMDF)(FRA:0GB)
CanniMed Therapeutics dropped 6.19% in Thursday's trading on the TSX. Its OTC Markets listing dropped 5.08% today on volume that was higher than its 30-day average trading volume. This morning, CanniMed announced that the company has signed a supply agreement with a private South African company to export cannabis products to South Africa and eventually other countries in Africa.
Related: CanniMed Therapeutics Expands International Supply Partnerships to Africa
Intec Pharma Ltd. (TASE:NTEC)(NASDAQ:NTEC)
Shares of Intec Pharma consolidated some of their recent gains in today's trading session falling 2.31%. Volume was lighter than the company's 30-day average volume. Be sure to check out Intec's marijuana stock profile linked above to view a custom stock chart and more from this cannabinoid biotech company.
Related: Intec's Accordion Pill Helps Cannabinoid Absorption
Naturally Splendid Enterprises Ltd. (TSX.V:NSP)(OTC:NSPDF)
Naturally Splendid Enterprises closed today's session down 5.88% on the TSX Venture Exchange. Their OTC Markets listing closed Thursday's trading down 14.18%. Yesterday, Naturally Splendid announced that the company has closed the initial tranche of its previously announced private placement. View custom charts and more recent news from Naturally Splendid by checking out their marijuana stock profile linked above.
Related: Naturally Splendid to Acquire Natural Food Company
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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