Out of over 200+ marijuana stocks, here are 4 of the biggest marijuana stock losers in trading on Friday, October 27th including American Cannabis Company, Inc. (OTC:AMMJ) and more...
22nd Century Group, Inc. (NYSE:XXII)
Shares of 22nd Century Group, Inc. dropped 10.24% today on higher than average trading volume, closing the day at $2.28 per share. It was recently shown that short interest in shares of XXII increased by over 31%.
American Cannabis Company, Inc. (OTC:AMMJ)
Shares of American Cannabis Company, Inc. dropped 7.32% today on higher than average trading volume, closing the day at $0.51 per share. There has not been any recent news regarding the company despite steady daily trading volume.
Shares of mCig, Inc. dropped 5.73% today on slightly higher than average trading volume, closing the day at $0.13565 per share. Recently, mCig announced the launch of a cannabis-focused digital advertising network to fill the void in advertising opportunities for marijuana-related businesses.
Mentor Capital, Inc. (OTC:MNTR)
Shares of Mentor Capital, Inc. dropped 6.51% today on lower than average trading volume, closing the day at $0.79 per share. In late September, Federal Court ruled that Mentor Capital violated securities laws.
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 Facebook, Twitter, StockTwits and Instagram!
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