TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.  

Out of over 200+ marijuana stocks, here are just 5 of the biggest marijuana stock losers in trading on Wednesday, August 8th including AXIM Biotechnologies, Inc. (OTC: AXIM) and more…

AXIM Biotechnologies, Inc. (OTC: AXIM)

Shares of AXIM Biotechnologies, Inc.  dropped 15.34% today on lower than the average trading volume on the OTC markets, closing the day at $2.87 USD per share. Yesterday, Axim announced positive results from stability and dissolution tests performed on its prime drug candidate, MedChew Rx®.

Marapharm Ventures Inc. (CSE: MDM) (OTC: MRPHF)

Shares of Marapharm Ventures Inc. dropped 10.81% on lower than the average trading volume on the OTC markets, closing the day at $0.165 USD per share. Recently, Marapharm reported on production of its sun-grown cannabis facilities in Washington State.

Naturally Splendid Enterprises Ltd. (TSXV: NSP) (OTC: NSPDF)

Shares of Naturally Splendid Enterprises Ltd.  dropped 5.78% on lower than the average trading volume on the OTC markets, closing the day at $0.11655 USD per share. Recently, Naturally Splendid announced Mr. Kevin Flanagan as Lead Food Scientist assisting the Product Development Team.

Ravenquest Biomed Inc. (CSE: RQB) (OTC: RVVQF)

Shares of Ravenquest Biomed Inc.  dropped 7.07% today on lower than the average trading volume on the OTC markets, closing the day at $0.4247 USD per share. Recently, Ravenquest completed the final tranche of its oversubscribed private placement.

Zelda Therapeutics Ltd. (ASX: ZLD) (OTC: ZLDAF)

Shares of  Zelda Therapeutics Ltd. dropped 8.20% today on higher than the average trading volume on the OTC markets, closing the day at $0.056 USD per share. Recently, Zelda provided an operational update.