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 Monday, October 16th including Diego Pellicer (OTC:DPWW) and more...
Americann Inc. (OTC:ACAN)
Shares of Americann Inc. dropped 7.22% today on average trading volume, closing the day at $1.80 per share. Last month, Americann announced that it had locked in an equity investment commitment of $10,000,000 from Mountain States Capital, LLC to develop the first phase of AmeriCann's flagship project, the Massachusetts Medical Cannabis Center.
Axim Biotechnologies, Inc. (OTC:AXIM)
Shares of Axim Biotechnologies, Inc. dropped 5.13% today on higher than average trading volume, closing the day at $7.21 per share. Earlier today, at article was published on Seeking Alpha making the case that Axim Biotechnologies' recent patent does not offer value to investors.
Diego Pellicer Worldwide, Inc. (OTC:DPWW)
Shares of Diego Pellicer Worldwide, Inc. dropped 17.79% today on lower than average trading volume, closing the day at $0.0633 per share. Shares of DPWW were also on our losers list last Friday, after sliding 7.23% to finish the week.
Lexaria Bioscience Corp. (OTC:LXRP)
Shares of Lexaria Bioscience Corp. dropped 6.41% today on average trading volume, closing the day at $0.365 per share. Back in June, the company appointed a new CFO, yet shares have continued to slide due to substantial warrant exercises like the one announced in September where 625,000 shares were issued for just $93,750.
MassRoots, Inc. (OTC:MSRT)
Shares of MassRoots, Inc. dropped 23.26% today on higher than average trading volume, closing the day at $0.33 per share. Earlier today, MassRoots issued a press release regarding their recently acquired compliance company, CannaRegs, Inc.
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!
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.