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 Thursday, October 19th including Surna Inc. (OTC:SRNA) and more...
American Cannabis Company, Inc. (OTC:AMMJ)
Shares of American Cannabis Company, Inc. dropped 6.72% today on higher than average trading volume, closing the day at $0.6996 per share. Recently, the company signed an exclusive distribution agreement with Earth Alive, a leading Canadian clean-tech company that develops and manufactures state-of-the-art microbial technology-based products.
Axim Biotechnologies, Inc. (OTC:AXIM)
Shares of Axim Biotechnologies, Inc. dropped 6.44% today on lower than average trading volume, closing the day at $6.25 per share. Shares of the company have been dropping since an article was published on Seeking Alpha making the case that AXIM's recent patent "does not offer value to investors. Shares of AXIM were also on our losers list for Wednesday, October 18th after falling 6.57%.
Heliospectra AB (OTC:HLSPY)
Shares of Heliospectra AB dropped 15.16% today on lower than average trading volume, closing the day at $0.54006 per share. Yesterday, the company was on our gainers list after rising over 20%. Today, HLSPY gave up most of yesterday's gains due to profit taking.
Medicine Man Technologies Inc. (OTC:MDCL)
Shares of Medicine Man Technologies Inc. dropped 9.63% today on lower than average trading volume, closing the day at $1.22 per share. Yesterday, the company announced that it entered into a contract for cultivation support with a German-based applicant competing for up to seven of the ten tender bids related specifically to growing medical cannabis in Germany.
Surna Inc. (OTC:SRNA)
Shares of Surna Inc. dropped 4.82% today on lower than average trading volume, closing the day at $0.1085 per share. The company just recently filed an 8-K with the SEC disclosing that Dean S. Skupen notified the Board of Directors of Surna Inc. of his resignation as the Company’s Director of External Reporting and designated Principal Financial and Accounting Officer.
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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