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

August 24, 2017

 

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

 

Conclusion

 

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 FacebookTwitterStockTwits and Instagram!

 

Now Read: Today's Biggest Marijuana Stock Gainers

 

D/M/O

Disclaimer
 

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.

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.