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Today's Biggest Marijuana Stock Losers - Tuesday, August 29th

August 29, 2017

 

The market day has come to an end, and now it is time to go over today's biggest movers, both to the upside and the downside. The Solactive North American Medical Marijuana Index finished today's trading down just fractionally after recovering most of its earlier losses. That being said, its important to remember that indices are intended to give an idea of the broad market performance. There were plenty of marijuana related names that finished today's trading session strongly to the up or down side. Here are five of the biggest marijuana stock losers in trading on Tuesday, August 29, 2017. 

 

American Cannabis Company Inc. (OTC:AMMJ) 

 

Earlier today, American Cannabis Company released a mid-year review and shareholder update expanding on the 10-Q that they filed with the SEC last week. The markets didn't react bullishly to this release, shares of American Cannabis Company closed today's trading down 3.95%, though volume was lighter than the company's 30-day average volume. Check out the company's marijuana stock profile linked above to view a custom stock chart and put today's declines into perspective. 

 

Diego Pellicer Worldwide, Inc. (OTC:DPWW) 

 

On the losers list for the second day in a rowDiego Pellicer Worldwide shares fell 16.63% today. Volume was more than double the company's 30-day average volume. Today's bearish action came without any recent news from Diego Pellicer Worldwide. Learn more about Diego Pellicer by visiting the company's marijuana stock profile linked above. 

 

mCig Inc. (OTC:MCIG) 

 

Shares of mCig gave back some of yesterday's gains as the markets continue to digest their recent earnings release. mCig finished today's trading session down 2.91% on volume that was lighter than the company's 30-day average volume. Be sure to check out the company's marijuana stock profile linked above to view a custom stock chart and more recent news. 

 

Medical Marijuana Inc. (OTC:MJNA) 

 

Tuesday's trading day wasn't nice to shares of MJNA! Shares fell 6.20% on volume that was nearly double the company's 30-day average volume. Today's selloff came without any recent news from the company. Learn more about Medical Marijuana Inc. by checking out their marijuana stock profile linked above. 

 

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

 

After last week's massive gains, shares of THC Biomed have been giving some back over the past few days. In today's trading, THC Biomed dropped 8.33% on the CSE and 12.51% on the OTC Markets. Today's volume in the company's OTC Markets shares was higher than its 30-day average volume. Check out THC Biomed's marijuana stock profile linked above to find out more and view a custom stock chart. 

 

Related: Today's Biggest Marijuana Stock Gainers

 

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. Also, connect with The Daily Marijuana Observer on FacebookTwitterStockTwits and Instagram!

 

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/.