Following a rate hike by the U.S. Federal Reserve, broad equity markets across North America doubled their earlier gains and didn't look back. The Dow rose 112 points, the NASDAQ gained 0.74% and the S&P/TSX Composite in Canada finished up over 141 points or 0.92%. This bullish action trickled down into the cannabis space, with many names gaining in today's trading.
Today's gainers features two NYSE listed cannabis companies, India Globalization Capital (NYSE:IGC) and Innovative Industrial Properties (NYSE:IIPR). These marijuana stocks are 'special' because they can be traded using the Robinhood App, and are supported by StockTwits, so be sure to check them out.
Looking at our worldwide cannabis-related stock databases, here are some stocks that gained in trading on Wednesday, March 15th, 2017.
Grow Solutions Holdings, Inc (OTC:GRSO)
Grow Solutions Holdings' shares closed Wednesday's trading session at $0.127, up 15.45% from their prior close of $0.11. Today's volume in GRSO of 310,000 shares was higher than their 30-day average of 217,000.
India Globalization Capital, Inc. (NYSE:IGC)
Shares of India Globalization Capital finished today's trading at $0.329, a gain of 1.23% compared to their previous close of $0.32. Volume in IGC today was lower than their 30-day average trading volume of 178,000 shares.
Innovative Industrial Properties, Inc. (NYSE:IIPR)
Shares of NYSE listed cannabis REIT, Innovative Industrial Properties gained 6.75% in Wednesday's trading, closing at $16.93. Today's trading volume in IIPR was higher than their 30-day average volume of nearly 40,000 shares. This morning, Innovative Industrial Properties announced that they will report their 4th quarter financial results on March 22nd after the close.
Maple Leaf Green World Inc. (TSXV:MGW)(OTC:MGWFF)(FRA:4HV)
Although shares of Maple Leaf Green World did not trade today on the Frankfurt Exchange, both of their North American listings were active gainers in Wednesday's trading. On the TSX Venture Exchange, MGW closed at CAD$0.57, up 9.62% from their prior close of CAD$0.52. Maple Leaf Green World shares on the U.S. OTC markets finished the day's trading up 7.50% at $0.4244. Today's trading volume in MGWFF was lower than their 30-day average volume of 15,000 shares.
Medical Marijuana, Inc. (OTC:MJNA)
Medical Marijuana Inc. shares closed today's trading session at $0.13, up 18.18% from their previous close of $0.11. Today's volume in MJNA of over 25 million shares was higher than their 30-day average trading volume of nearly 16 million shares.
To find out more about any of the stocks in today's gainers, use the linked ticker symbols to visit their stock profile in our global marijuana stock database where you can find a custom stock chart, recent news and more!
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