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5 of Today's Biggest Marijuana Stock Losers - Wednesday, November 8th

November 8, 2017

 

Out of over 200+ marijuana stocks, here are 5 of the biggest marijuana stock losers in trading on Wednesday, November 8th including MedReleaf Corp. (TSX:LEAF) (OTC:MEDFF) and more...

 

General Cannabis Corp. (OTC:CANN)

 

Shares of General Cannabis Corp. dropped 8.28% today on higher than average trading volume, closing the day at $1.2199 per share. Yesterday, the company reported its Q3 2017 financial results which showed an increase of 21% in total revenues when compared to the three months ended September 30, 2016.

 

Heliospectra AB (OTC:HLSPY)

 

Shares of Heliospectra AB dropped 10.83% today on higher than average trading volume, closing the day at $0.535 per share. Earlier in the week, Heliospectra announced a new cultivation lighting order from a new Canadian client.

 

Medical Marijuana, Inc. (OTC:MJNA)

 

Shares of Medical Marijuana, Inc. dropped 18.11% today on higher than average trading volume, closing the day at $0.0959 per share. On Sunday night, Michael Llamas, the founder of MJNA was killed in a high-speed car crash just south of Broadway and North Harbor Drive in San Diego, California. 

 

MedReleaf Corp. (TSX:LEAF) (OTC:MEDFF)

 

Shares of Medreleaf Corp. dropped 6.10% today on the OTC markets on higher than average trading volume, closing the day at $12.3294 per share. From the looks of it, it seems that profit taking took hold today following the recent run-up in share price caused by being awarded an amended licence from Health Canada to permit sales of medical cannabis under the Access to Cannabis for Medical Purposes Regulations at its second facility in Bradford, Ontario.

 

MPX Bioceutical Corporation (CSE:MPX) (OTC:MPXEF)

 

Shares of MPX Bioceutical Corporation, formerly known as Canadian Bioceutical Corporationdropped 11.49% today on the OTC markets on higher than average trading volume, closing the day at $0.537 per share. The company recently completed a name and ticker change which garnered additional attention for the company and its new vision. 

 

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/.