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Today's Marijuana Stock Laggards - February 22nd, 2017

February 23, 2017

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. 

 

Conclusion

 

If you see a company that intrigues you, learn more by checking out their profile using the symbols linked above, or by browsing our marijuana stock databaseAlso, keep up with updates from the Daily Marijuana Observer by following us on social media and subscribing to our email newsletter found below. 

 

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/.