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5 of Today's Biggest Marijuana Stock Losers - Tuesday, October 17th

October 18, 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 17th including Aphria Inc. (TSX:APH) (OTC:APHQF) and more...

 

Aphria Inc. (TSX:APH) (OTC:APHQF)

 

Shares of Aphria Inc. on the TSX dropped 13.38% today, closing at $6.86 CAD per share, while shares on the OTC markets dropped 13.29% today on higher than average trading volume, closing the day at $5.48 USD per share. Earlier today, the company announced that it has entered into an agreement with Clarus Securities Inc., on behalf of a syndicate of underwriters, in which the syndicate of underwriters have agreed to purchase, on a "bought deal" basis, 11,034,500 common shares of the company at a price of $7.25 CAD per share.

 

Cannimed Therapeutics Inc. (TSX:CMED) (OTC:CMMDF)

 

Shares of Cannimed Therapeutics Inc. on the TSX dropped 5.09% today, closing at $11.38 CAD per share, while shares on the OTC markets dropped 4.72% today on higher than average trading volume, closing the day at $9.1497 USD per share. Yesterday, the company announced that it received a license from Health Canada to produce medical marijuana capsules

 

Grow Solutions Holdings, Inc. (OTC:GRSO)

 

Shares of Grow Solutions Holdings, Inc. dropped 18.48% today on lower than average trading volume, closing the day at $0.03 per share. There hasn't been any recent news regarding GRSO for quite some time now despite steady daily trading volume. 

 

Praetorian Property, Inc. (OTC:PRRE)

 

Shares of Praetorian Property, Inc. dropped 15.28% today on higher than average trading volume, closing the day at $0.7201 per share. There hasn't been any recent news regarding PRRE for quite some time now despite steady daily trading volume. 

 

United Cannabis Corp. (OTC:CNAB)

 

Shares of United Cannabis Corp. dropped 5.71% today on higher than average trading volume, closing the day at $0.66 per share. In late August, the company was granted a patent on “Cannabis Extracts and Methods of Preparing and Using Same.” Since then, shares of CNAB have slid roughly 40%.

 

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/.