5 of Today's Biggest Marijuana Stock Losers - Friday, February 9th

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 February 9, 2018 - 5:30 PM EST
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5 of Today's Biggest Marijuana Stock Losers - Friday, February 9th
Out of over 200+ marijuana stocks, here are just 5 of the biggest marijuana stock losers in trading on Friday, February 9th including Axim Biotechnologies, Inc. (OTC:AXIM) and more...
Shares of Axim Biotechnologies, Inc.dropped 5.24%
today on higher than average trading volume, closing the day at $6.30 USD per share. Earlier this week, AXIM announced that it has entered into a binding distribution agreement for its proprietary cannabinoid-based nutraceutical chewing gum product CanChew+ to be distributed throughout Thailand.
dropped 6.72%
today on lower than average trading volume, closing the day at $1.25 USD per share. Recently, the company announced that it has filed an international patent application with the PCT authorities on methods for testing which cannabinoids or combinations of cannabinoids are likely be effective in individual patients.
dropped 7.22%
today on lower than average trading volume, closing the day at $0.6866 USD per share. This week, CFN Media published a piece touting the potential market size of IGC's Hyalolex, a cannabinoid-based therapy the company claims may help to treat Alzheimer's. Despite this, readers should be reminded of the fact that in the past, the company has been involved in iron ore, shipping, luxury hotels, hemp seed beer, and more.
dropped 5.71%
today on lower than average trading volume, closing the day at $1.98 USD per share. As we recently announced, Yelp has begun allowing medical marijuana dispensaries to list their businesses on their platform, putting pressure on companies like Leafbuyer and Leafly.
Shares of Medicine Man Technologies Inc.dropped 10.18%
today on lower than average trading volume, closing the day at $2.47 USD per share. Earlier this week, the company's announced that it added ten new clients.
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Conclusion
Find more about today's losers by checking out their respective profiles in our global marijuana stock database via the linked tickers above. To stay up to date with important developments in the cannabis industry, be sure to subscribe to one or more of our free email newsletters. Also, connect with The Daily Marijuana Observer on Facebook, Twitter, StockTwits and Instagram!
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Source: The Daily Marijuana Observer (February 9, 2018 - 5:30 PM EST)

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