To kick off the trading week, broad equity markets in the U.S. came under some selling pressure, with the Dow losing 51 points on the day. In Canada, the TSX Composite index finished slightly positive, up 0.15%.
As is often the case, stocks in and around the cannabis industry were much more volatile (to both the upside and downside) in today's trading. Don't be immediately discouraged by downside volatility, remember lower prices can represent the opportunity to get in stocks you like at a potentially better entry point.
Acacia Diversified Holdings closed trading on March 6th at $1.65 per share. This was a 17.09% decline from their previous close of $1.99. Volume in ACCA shares today was higher than their 30-day average trading volume.
CannLabs, Inc. (OTC:CANL)
Shares of CANL finished today's trading at $0.2603, down 8.02% from their previous close of $0.283. CannLabs' trading volume of 14,000 shares was lower than their 30-day average volume of 37,000.
As of the European close earlier, Frankfurt listed shares of Nutritional High International were down just 1.60% on the day at €0.12. That being said, their North American listings fared worse in today's trade. On the CSE, shares of EAT closed down 10.53% at CAD$0.17. Nutritional High International on the OTC markets in the U.S. finished the day at $0.129, down 9.73% versus their previous close of $0.1429. Today's volume in SPLIF was lower than their 30-day average trading volume.
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