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5 of Today's Biggest Marijuana Stock Losers - Tuesday, October 10th

October 10, 2017

 

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. Out of over 200+ marijuana stocks, here are 5 of the biggest marijuana stock losers in trading on Tuesday, October 10th including Aurora Cannabis Inc. (TSX:ACB) (OTC:ACBFF) and more. 

 

Aurora Cannabis Inc. (TSX:ACB) (OTC:ACBFF)


Shares of Aurora Cannabis Inc. trading on the OTC markets dropped 5.18% today on higher than average volume closing the day at $2.38 USD per share, while shares trading on the TSX fell 2.64% closing the day at $2.95 CAD per share. Earlier today, the company announced a $50 MM CAD financing round which was upsized to $60 MM CAD later in the day. 

 

Canabo Medical Inc. (TSXV:CMM) (OTC:CAMDF)


Shares of Canabo Medical Inc. trading on the OTC markets dropped 10.23% today on lower than average volume closing the day at $0.33564 USD per share, while shares trading on the TSXV fell 7.95% closing the day at $0.405 CAD per share.

 

Insys Therapeutics Inc. (NASDAQ:INSY)

 

Shares of Insys Therapeutics Inc. dropped 9.35% today on higher than average trading volume, closing the day at $7.85 per share. Losses continue to mount following numerous lawsuits regarding the company's role in the nationwide opioid crisis. 

 

Lexaria Bioscience Corp. (OTC:LXRP)

 

Shares of Lexaria Bioscience Corp. dropped 8.84% today on lower than average trading volume, closing the day at $0.433 per share.

 

MJ Holdings, Inc. (OTC:MJNE)

 

Shares of MJ Holdings, Inc. slid 10.71% on average daily trading volume, closing the day at $0.8929 per share.

 

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/.