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Today's Marijuana Stock Losers - March 15th, 2017

March 15, 2017

 

In Wednesday's trading, broad equity markets posted solid gains following the Federal Reserve's announcement of a rate hike in the U.S. The Dow rose over 121 points, the NASDAQ gained 0.74% and the bullish action spilled over into Canada with the S&P/TSX Composite gaining 141 points or 0.92%. 

 

Despite this, there were some names in the cannabis space that struggled in today's trading session. As we often remind readers, don't be discouraged when you see a marijuana stock that you've been following here, do some more research to see if today's lower prices might present the opportunity to add to or initiate positions. 

 

Across our international cannabis stock databases, here are some names that posted losses in trading on Wednesday, March 15th, 2017.

 

Cannabix Technologies Inc. (CSE:BLO)(OTC:BLOZF)(FRA:8CT)

 

Shares of Cannabix Technologies didn't trade today on the Frankfurt exchange, however they were active in both U.S. and Canadian trading. BLO closed Wednesday's session at CAD$0.68, down 2.86% from its previous close of CAD$0.70. On the U.S. OTC markets, shares of Cannabix finished down 1.18% at $0.51387. Today's move in BLOZF happened on lower volume than their 30-day average trading volume of 226,000 shares. 

 

Diego Pellicer Worldwide Inc. (OTC:DPWW)

 

Diego Pellicer Worldwide shares finished today's trading session at $0.25, down 6.93% from their previous close of $0.29. Over 78,000 shares of DPWW changed hands in Wednesday's trading, higher volume than their 30-day average of 51,000 shares. 

 

Laguna Blends Inc. (CSE:LAG)(OTC:LAGBF)(FRA:LB6A)

 

In Canadian trading shares of Laguna Blends finished Wednesday's session at CAD$0.165, down 5.71% from their previous close of CAD$0.175. Laguna Blend's OTC markets lost 3.99% in today's trading to close at $0.13. Trading volume in LAGBF today was higher than their 30-day average volume of around 62,000 shares. 

 

Lexaria Bioscience Corp. (CSE:LXX)(OTC:LXRP)

 

In Wednesday's trading, shares of Lexaria on the Canadian Securities Exchange closed at CAD$0.490, down 10.91% from their previous close of CAD$0.55. Volume today was lower than their 30-day average trading volume of 263,000 shares. 

Lexaria's U.S. listing fared worse in today's trading, closing down 11.29% at $0.3605. Volume in LXRP was higher than their 30-day average trading volume of 258,000 shares. 

 

Vapir Enterprises Inc. (OTC:VAPI)

 

Vapir's earlier announcement of their new distribution agreement with Namaste Technologies didn't do much to help the stock in today's trading. Shares of Vapir Enterprises finished today's trading session at $0.042974, down 4.44% from their previous close of $0.0495. 

 

Conclusion

 

If you see a stock here that interests you, do some more research to see if today's 'sale price' might present a good entry point. A company's stock profile in our global cannabis-related stock database is a great place to continue that research. Use the linked symbols above to visit a company's profile where you can get custom charts, recent news and more.  

 

Keep current with marijuana stock and industry updates from the Daily Marijuana Observer by following us on social media and by subscribing to our free email newsletter using the links below. If you know someone who is interested in investing in marijuana stocks, be sure to share this article with them using the links 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/.