Despite bullish sediment in U.S. equity markets today, a handful of the marijuana stocks we cover lagged the markets in today's session.
As we like to remind readers, think of down sessions as a potential opportunity to get in stocks you like while they are "on sale".
Here is a quick run down of some cannabis-related stocks that had a tough time in today's trading session. (in alphabetical order by symbol)
Americann, Inc. (OTC:ACAN)
Shares of ACAN closed the day today trading at $4.91 per share on volume greater than their 30-day average trading volume. Compared to Americann's previous close of $5.42 per share, this represents a 9.41% loss today.
United Cannabis Corp. (OTC:CNAB)
United Cannabis Corp. finished Wednesday's trading at $2.03, down 15.28% from their prior close of $2.396. Volume in CNAB today was over three times their 30-day average trading volume of 347,000 shares.
Earth Science Tech, Inc. (OTC:ETST)
Shares of ETST finished today's trading session at $2.40, down 28.83% from their previous close of $3.1613. With 168,000 shares traded on the OTC markets today, trading volume in Earth Science Tech was almost double their 30-day average volume.
Tetra Bio Pharma Inc. (CSE:TBP)(OTC:GRPOF)(FRA:JAM1)
Shares of Tetra Bio Pharma, Inc. closed the day today trading at $0.5499 per share on volume greater than their 30-day average. Compared to Tetra Bio Pharma's previous OTC Markets close of $0.684 per share, this represents a 19.61% decline in GRPOF share prices today. On the CSE, TBP shares lost 22.22%, closing at $0.70 CAD per share. Tetra Bio Pharma's Frankfurt listing lost 16.79% on the day to finish the European trading day at €0.57 per share.
Veritas Pharma Inc. (CSE:VRT)(OTC:VRTHF)
In today's session shares of Veritas Pharma came under pressure, finishing the day at CAD 0.520, down 11.86% from their prior close. Their OTC markets listing also struggled today, losing $0.05 or 11.11% on the day. Volume in VRTHF today was over four times their 30-day average volume of 75,000 shares.
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