Based on recent news and more, here are a handful of marijuana related stocks worth keeping an eye on as North American markets kick off trading on Monday, August 28th.
Abattis Bioceuticals Corp. (CSE:ATT)(OTC:ATTBF)(FRA:115)
Abattis Bioceuticals just announced that the company's Northern Vine subsidiary has developed a CBD-based sunscreen formulation. We'll be keeping an eye on shares of Abattis on this news, as well as the continued market reaction to other recent news (Northern Vine's update, and Experion Biotechnologies licensing) from Abattis.
Related: 5 Highlights from Abattis' Update On Northern Vine Labs
ABcann Global Corp. (TSXV:ABCN)(OTC:ABCCF)
This morning, ABcann announced the company's launch of one of Canada's highest legal CBD:THC ratio products and their upcoming launch of oils. We'll be watching to see if this announcement has any impact on the company's share price in the coming hours.
Related: Highlights from ABcann Global's Expansion Update
CannTrust Holdings Inc. (CSE:TRST)(OTC:CNTTF)(FRA:C9S)
CannTrust just announced the company's financial results for the three and six months ending June 30, 2017. The company reported record revenues of $4.5 million CAD in Q2'17, up 469% from the comparable period of last year. CannTrust also announced strong patient growth, positive net income and reduced cash cost per gram compared to comparable periods. We'll be watching to see how the market reacts to their first earnings release as a publicly traded company. Since their first day of trading on the CSE, shares of CannTrust are down roughly 8%.
Related: 10+ Things to Know About Cann Trust's Upcoming Listing
Marapharm Ventures Inc. (CSE:MDM)(OTC:MRPHF)(FRA:2M0)
This morning, Marapharm announced that the company has been granted conditional approval (pending facility and vehicle inspection) for a marijuana establishment distributor license in the state of Nevada. We'll be keeping an eye on Marapharm shares through the trading day given this news.
Related: Marapharm's Washington and Nevada Facilities Progressing
mCig Inc. (OTC:MCIG)
mCig just filed the company's annual report, or 10-K with the Securities and Exchange Commission. This report includes their audited financial results for the year April 30, 2017. mCig reported growth in revenues, gross profit and net operating income compared to their previous fiscal year. We'll be watching to see how the market reacts to their earnings release and 10-K.
Related: mCig Expands Cannabis Supply Division to California
Naturally Splendid Enterprises Ltd. (TSXV:NSP)(OTC:NSPDF)(FRA:50N)
Today, Naturally Splendid Enterprises released the company's sales data for the quarter ended June 30, 2017. Revenues decreased approximately 86% compared to the comparable quarter of last year on lower exports of bulk hemp seed to South Korea. Retail sales were steady in the quarter and online sales of value-added products increased. We'll be watching to see how the market reacts to Naturally Splendid's earnings release.
Related: Naturally Splendid to Acquire Natural Food Company
That's all for now, but we'll be sure to keep readers posted regarding important developments in these names and in the cannabis industry worldwide. Be sure to subscribe to one or more of our free newsletters so you never miss an important marijuana update. Don't be a stranger; connect with The Daily Marijuana Observer on Facebook, Twitter, StockTwits and Instagram.
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