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.
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.
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