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5 of Today's Biggest Marijuana Stock Losers - Tuesday, May 8th

May 8, 2018

 

Out of over 200+ marijuana stocks, here are just 5 of the biggest marijuana stock losers in trading on Tuesday, May 8th including MYM Neutraceuticals Inc. (CSE:MYM) (OTC:MYMMF) and more...

 

AXIM Biotechnologies, Inc. (OTC:AXIM)

 

Shares of AXIM Biotechnologies, Inc. dropped 8.71% today on lower than average trading volume on the OTC markets, closing the day at $4.40 USD per share. Recently, AXIM announced that the company has secured additional funding needed to further its clinical development program through S-3 stock purchases.

 

mCig Inc. (OTC:MCIG)

 

Shares of mCig Inc. dropped 6.47% today on lower than average trading volume on the OTC markets, closing the day at $0.214 USD per share. Recently, mCig announced that it has been awarded three licenses from California City, California, for recreational cannabis cultivation, statewide distribution, and manufacturing.

 

MYM Neutraceuticals Inc. (CSE:MYM) (OTC:MYMMF)

 

  Shares of MYM Neutraceuticals Inc. dropped 21.27% today on higher than average trading volume on the OTC markets, closing the day at $0.77 USD per share. Recently, MYM announced that the company had acquired an additional 23% of the Laval, Quebec production facility from CannaTechnology, bringing total ownership of the late stage ACMPR applicant up to 74%.


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

 

Shares of Namaste Technologies Inc. dropped 12.62% today on higher than average trading volume on the OTC markets, closing the day at $0.90 USD per share. Yesterday, Namaste announced that the company has signed an exclusive drop-shipping supply agreement with Ample Organics Inc.

 

Solis Tek Inc. (OTC:SLTK)

 

Shares of Solis Tek Inc. dropped 5.26% today on lower than average trading volume on the OTC markets, closing the day at $1.08 USD per share. Recently, Solis Tek announced it had been provided access to capital to explore new opportunities to accelerate growth in cannabis.

 

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/.