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5 of Today's Biggest Marijuana Stock Losers - Wednesday, November 29th

November 29, 2017

 

Out of over 200+ marijuana stocks, here are 5 of the biggest marijuana stock losers in trading on Wednesday, November 29th including Aurora Cannabis Inc. (TSX:ACB) (OTC:ACBFF) and more...

 

Aurora Cannabis Inc. (TSX:ACB) (OTC:ACBFF)

 

Shares of Aurora Cannabis Inc. dropped 13.93% today on the OTC markets on higher than average trading volume, closing the day at $5.25 per share. Yesterday, the company announced that it completed its offering of 115,000 special warrants, including the exercise, in full, of the over-allotment option through Canaccord Genuity Corp. for gross proceeds of $115 million CAD.

 

Canopy Growth Corporation (TSX:WEED) (OTC:TWMJF)

 

Shares of Canopy Growth Corporation dropped 7.46% today on the OTC markets on slightly lower than average trading volume, closing the day at $13.6298 per share. It seems as if profit-taking took hold today, following yesterday's announcement regarding a new addition to Canopy's CraftGrow program

 

Cronos Group, Inc. (TSXV:MJN) (OTC:PRMCF)

 

Shares of Cronos Group, Inc. dropped 12.14% today on the OTC markets on higher than average trading volume, closing the day at $3.1319 per share. Earlier today, the company reported its financial and operational results for the third quarter ended September 30, 2017.

 

India Globalization Capital, Inc. (NYSE:IGC)

 

Shares of India Globalization Capital, Inc. dropped 8.20% today on higher than average trading volume, closing the day at $0.5324 per share. Earlier in the month, it was reported that the CEO of IGC was dumping shares, which is often considered to be a bearish signal.  

 

Namaste Technologies Inc. (CSE:N) (OTC:NXTTF)

 

Shares of Namaste Technologies Inc. dropped 24.87% today on the OTC markets on higher than average trading volume, closing the day at $0.6117 per share. Last night, the company announced that it would be divesting its wholly-owned US subsidiary, Dollinger Enterprises US Inc. 

 

Tell us which marijuana stocks burned you today! Join the conversation in our Marijuana Stock Forum!

 

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/.