In today's trading session broad equity markets were mixed, with some major indices in positive territory and others in negative territory. The Dow lost 36 points, the NASDAQ Composite gained 0.06% and the TSX Composite lost 0.72% in trading on March 8th.
The cannabis sector was generally under pressure in today's trade, continuing losses from yesterday's session.
Use this continued selling pressure as encouragement to do additional research on the marijuana stocks in your watchlist and look for opportunities to build a position in stocks you like while they are 'on sale'.
Across our cannabis-related stock databases, below are some names that lagged in trading on Wednesday, March 8th, 2017.
Aurora Cannabis, Inc. (TSXV:ACB)(OTC:ACBFF)(FRA:21P)
Following their acquisition announcement on Monday, selling pressure continued in shares of Aurora Cannabis. As of the European close, Aurora shares on the Frankfurt Börse finished at €1.68, down 4.55% on the day. On the TSX Venture exchange, shares of ACB closed at CAD$2.28, down 4.60% versus their previous close of CAD$2.39. In the U.S. ACBFF closed today's trading at $1.673, down 5.62% on the day. Volume in shares of Aurora's OTC Markets listing was higher than the company's 30-day average trading volume of 715,000 shares.
Emerald Health Therapeutics, Inc. (TSXV:EMH)(OTC:TBQBF)
In today's trading shares of Emerald Health Therapeutics were under pressure. On the TSX Venture, EMH closed at CAD$1.18, down 4.07% versus their previous close of CAD$1.23. Volume in EMH was higher than their their 30-day average trading volume of 668,000 shares. In the U.S. Emerald Health closed down 5.05% at $0.8726. 90,000 shares of TBQBF changed hands in today's trading session, more than 3x their 30-day average trading volume!
Kaya Holdings, Inc. (OTC:KAYS)
Kaya Holdings' closed today's trading session at $0.15254 per share. This marked a 27.24% decline from their previous close of $0.1898. Today's volume in KAYS was over 3x their 30-day average volume of 843,000 shares!
Praetorian Property, Inc. (OTC:PRRE)
Shares of Praetorian Property finished the trading day at $0.71, down 14.97% from their previous close of $0.835. Volume in shares of PRRE was lower than the company's 30-day average trading volume of 133,000 shares.
Zoned Properties, Inc. (OTC:ZDPY)
Zoned Properties' shares closed today's trading at $1.57, down 2.18% from their previous close of $1.60. Today's trading volume in ZDPY was lower than the company's 30-day average trading volume of 23,000 shares.
If you see a stock here that interests you (especially given the lower prices from today's trading session) do some more research. A great place to start that research is by checking out their stock profile in our marijuana stock database via the ticker symbols linked above.
Also, keep up with cannabis stock and industry updates from the Daily Marijuana Observer by following us on social media and by subscribing to our email newsletter found below.
Now Read: Today's Marijuana Stock Gainers
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.