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 points, the 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.
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.
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