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

August 8, 2018

 

Out of over 200+ marijuana stocks, here are just 5 of the biggest marijuana stock losers in trading on Wednesday, August 8th including AXIM Biotechnologies, Inc. (OTC:AXIM) and more...

 

 

AXIM Biotechnologies, Inc. (OTC:AXIM)

 

Shares of AXIM Biotechnologies, Inc. dropped 15.34% today on lower than average trading volume on the OTC markets, closing the day at $2.87 USD per share. Yesterday, Axim announced positive results from stability and dissolution tests performed on its prime drug candidate, MedChew Rx®.

 

Marapharm Ventures Inc. (CSE:MDM) (OTC:MRPHF)

 

Shares of Marapharm Ventures Inc. dropped 10.81% on lower than average trading volume on the OTC markets, closing the day at $0.165 USD per share. Recently, Marapharm reported on production of its sun-grown cannabis facilities in Washington State.

 

Naturally Splendid Enterprises Ltd. (TSXV:NSP) (OTC:NSPDF)

 

Shares of Naturally Splendid Enterprises Ltd. dropped 5.78% on lower than average trading volume on the OTC markets, closing the day at $0.11655 USD per share. Recently, Naturally Splendid announced Mr. Kevin Flanagan as Lead Food Scientist assisting the Product Development Team.

 

Ravenquest Biomed Inc. (CSE:RQB) (OTC:RVVQF)

 

Shares of Ravenquest Biomed Inc. dropped 7.07% today on lower than average trading volume on the OTC markets, closing the day at $0.4247 USD per share. Recently, Ravenquest completed the final tranche of its oversubscribed private placement.

 

Zelda Therapeutics Ltd. (ASX:ZLD) (OTC:ZLDAF)

 

Shares of Zelda Therapeutics Ltd. dropped 8.20% today on higher than average trading volume on the OTC markets, closing the day at $0.056 USD per share. Recently, Zelda provided an operational update.

 

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/.