The market session has come to an end, and the closing bell has rung... so now it is time to go through today's biggest movers to the downside. The Solactive North American Medical Marijuana Index finished today's trading up just fractionally, erasing the early week's losses. Here are four of the biggest marijuana stock losers in trading on Thursday, August 31st, 2017.
CannLabs Inc. (OTC:CANL)
Shares of CannLabs Inc. dropped 11.08% today on lower than average trading volume, closing the day at $0.142269 per share. From what we can tell, CannLabs has not had any recent news for months.
Cannabis Sativa, Inc. (OTC:CBDS)
Shares of Cannabis Sativa, Inc. fell 6.04% today on nearly double the average trading volume, closing the day at $2.72 per share. Back on August 2nd, 2017, Cannabis Sativa, Inc. announced that the company acquired a controlling interest in PrestoCorp (a.k.a. PrestoDoctor), an online telemedicine platform providing access to knowledgeable physicians for a safe and confidential way to get a medical marijuana recommendation.
Digipath Inc. (OTC:DIGP)
Shares of Digipath Inc. slid 4.94% on roughly half of the average daily trading volume, closing the day at $0.183 per share. This bearish action comes days after Digipath released its Q3'17 financial results which showed that third quarter sales of declined by 22%.
India Globalization Capital, Inc. (NYSE:IGC)
Shares of India Globalization Capital, Inc. sold off 5.78% on roughly a third of the average daily trading volume, closing the day at $0.31 per share. This bearish action comes days after India Globalization Capital released its Q3'17 financial results which showed that total revenue was $52,926 for the three months ended June 30, 2017, as compared to $288,493 for the three months ended June 30, 2016.
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 Facebook, Twitter, StockTwits and Instagram!
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