Broader equity markets finally closed in the green as the market for crude oil stabilized and traders begin to anticipate another stimulus package from Congress. Despite this, there were a long list of marijuana-related stocks that had a tough day today. Out of hundreds of cannabis stocks out there, here are just 5 of the biggest losers in the markets on Wednesday, April 22nd, 2020.
Harborside Inc. (CSE:HBOR)
Today, CSE-listed shares of Harborside Inc. closed the trading day down at $0.41 CAD per share. When compared to the previous close of $0.45 per share, today’s decrease of -$0.04 per share represents an approximate -8.89% drop in price for shares of HBOR. Earlier this month, Harborside announced changes to service at its San Jose dispensary to comply with the updated shelter in place order of the County of Santa Clara, effectively limiting in-store and curbside pick-up to medical patients only.
Indus Holdings, Inc. (OTC:INDXF)
Today, OTC-listed shares of Indus Holdings, Inc. closed the trading day down at $0.3356 USD per share. When compared to the previous close of roughly $0.3570 per share, today’s decrease of -$0.0214 per share represents an approximate -5.99% drop in price for shares of INDXF. A week ago, Indus Holdings announced that the company granted 2,885,000 stock options to officers and employees exercisable at a price of $0.48 CAD per share expiring on April 15th, 2030.
MedMen Enterprises Inc. (OTC:MMNFF)
Today, OTC-listed shares of MedMen Enterprises Inc. closed the trading day down at $0.173 USD per share. When compared to the previous close of $0.1844 per share, today’s decrease of -$0.0114 per share represents an approximate -6.18% drop in price for shares of MMNFF. Most recently, MedMen Enterprises announced that it would be releasing its financial results for the third quarter fiscal 2020 ended March 28th, 2020 soon.
Meta Growth Corp. (TSXV:META)
Today, TSXV-listed shares of Meta Growth Corp. closed the trading day down at $0.09 CAD per share. When compared to the previous close of $0.095 per share, today’s decrease of -$-0.005 per share represents a -5.26% drop in price for shares of META. Recently, Meta Growth Corp. announced that it would postpone the filing of its interim financial statements for the six month period ended February 29, 2020 under a temporary exemption, OSC Ontario Instrument 51-502.
Vireo Health International Inc. (OTC:VREOF)
Today, OTC-listed shares of Vireo Health International Inc. closed the trading day down at $0.32 USD per share. When compared to the previous close of approximately $0.3544 per share, today’s decrease of -$0.0344 per share represents an estimated -9.71% drop in price for shares of VREOF. Recently, Vireo Health announced that Amy Langer had resigned from the company’s Board of Directors.
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