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Today's Marijuana Stock Losers - March 17th, 2017

March 17, 2017

 

After a busy trading week, U.S. and Canadian markets had a relatively quiet day in today's session. The Dow finished Friday's trading down 19 points, the NASDAQ Composite closed flat and the S&P/TSX Composite closed down 0.46%

 

Despite a quiet trading day in broad markets, some cannabis-related stocks sold off in today's session. Don't be discouraged if you see a name from your watch-list here, instead use it as a reminder to do more research in the hopes of finding a buying opportunity. 

 

Looking across our worldwide marijuana stock databases, here are some stocks that closed trading on Friday, March 17th, 2017 in negative territory (in alphabetical order by symbol).  

 

 

Bang Holdings Corp. (OTC:BXNG)

 

Shares of BXNG finished Friday's trading session at $1.13, down $0.12, on more than double their 30-day average trading volume. Compared to Bang Holdings' previous close of $1.25, their shares declined 9.60% in today's trading. 

 

Indoor Harvest Corp. (OTC:INQD)

 

Shares of Indoor Harvest Corp. closed today's trading at $0.435, down 1.14% from their previous close of $0.44. Over 84,000 shares of INQD changed hands in today's trading, more than double their 30-day average trading volume.

 

Nemus Bioscience, Inc. (OTC:NMUS

 

Nemus Bioscience shares finished Friday's trading session at $0.283. Compared to Nemus' previous close of $0.29, their stock declined 2.41% today. Trading volume in NMUS was lower than their 30-day average volume of 348,000 shares. 

 

PharmaCyte Biotech, Inc. (OTC:PMCB)

 

Shares of PharmaCyte Biotech closed Friday's trading at $0.08915, down 9.95% versus their previous close of $0.099. Over 7 million shares of PMCB changed hands in today's trading, more than double their 30-day average trading volume. 

 

Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE)

 

Zynerba Pharmaceuticals closed today's trading session at $18.97, down 4.05% versus their previous close of $19.77. Trading volume in ZYNE was lower than their 30-day average volume of 447,000 shares.

 

Conclusion

 

If you see a stock here that interests you, do some more research to see if these lower prices might represent a buying opportunity. A company's stock profile in our global marijuana stock database is a great place to start that research. Use the linked symbols above to visit a company's profile where you can find custom charts, recent news and more.

 

Connect with us on social media and subscribe to our free email newsletter to get cannabis stock and industry updates from the Daily Marijuana Observer. If you know someone who might be 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/.