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Today's Marijuana Stock Losers - March 23rd, 2017

March 24, 2017

 

While U.S. broad equity markets gave back earlier gains to close slightly negative on the day, Canadian markets remained strong and finished the day in positive territory. The Dow closed Thursday's trading down 4.72 pointsthe NASDAQ Composite finished down 0.07%, and the TSX Composite closed up 85 points or 0.55%.

 

Broadly, the cannabis sector did well in today's trading, outperforming the broad market indices in both the U.S. and Canada. That being said the bullish action didn't lift every stock, with some names closing today's session in the red. As we often remind readers, use down days as a reminder to do additional research to see if today's lower prices might represent a good buying opportunity. 

 

Looking at our global cannabis-related stock databases, here are some names that finished trading on Thursday, March 23rd, 2017 in the red. 

 

Diego Pellicer Worldwide, Inc. (OTC:DPWW)

 

Shares of Diego Pellicer closed Thursday's trading at $0.2551, down 5.87% from their previous close of $0.271. Trading volume in DPWW today of 16,300 shares was lower than their 30-day average volume of nearly 40,000 shares. 

 

Innovative Industrial Properties, Inc. (OTC:IIPR)

 

Following their earnings conference call, shares of Innovative Industrial Properties came under pressure. IIPR closed Thursday's trading at $16.50, down 4.84% versus their previous close of $17.34. Today's volume was lower than their 30-day average trading volume of 34,000 shares. 

 

Northsight Capital, Inc. (OTC:NCAP)

 

Northsight Capital shares closed today's trading down 7.50% on lower volume than their 30-day average trading volume of 60,000 shares. NCAP finished Thursday's session at $0.0925. 

 

Solis Tek Inc. (OTC:SLTK)

 

Shares of Solis Tek finished trading on March 23rd at $1.29, down 3.01% from their previous close of $1.33. Volume in today's trading session was around their 30-day average volume of 32,000 shares. 

 

Two Rivers Water & Farming Company (OTC:TURV)

 

Two Rivers Water & Farming closed Thursday's trading at $0.52, down 6.98% versus their previous close of $0.559. Trading volume in today's session was lower than their 30-day average volume of 106,000 shares.

 

Conclusion

 

If you see a marijuana stock here that you'd like to learn more about, a great place to do some more research is their company profile in our global marijuana stock database. Visit a company's profile where you can find a custom chart, recent news and more by using the linked ticker symbols above.

 

To keep up with what's happening in the cannabis industry be sure to connect with us on social media using the links below. If you haven't already subscribed, use the link below to get free email 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/.