Cannabis company MariMed Inc (OTCMKTS:MRMD), which operates across multiple states in the United States, saw its stock suffer from a selloff yesterday and end the day with a decline of as much as 3%.
Trading Data
On Monday, MRMD stock moved down 3.13% to $0.6199 with more than 797K shares, compared to its average volume of 577K shares. The stock moved within a range of $0.6060 – 0.6750 after opening trading at $0.66.
MariMed Announces Participation In Upcoming Conferences and Events
The company was in the news cycle yesterday after it made an announcement with regards to the conferences in which it would be participating. The company listed a list of five conferences that it would be attending, starting with the CanaccordGenuity Virtual Cannabis Conference, which would take place on May 11. The senior management of the company are going to participate in direct meetings at the event.
The next one is the Wolfe Research Virtual Consumer Conference on May 13, in which the senior management will be involved in fireside chats with Spencer Hanus, the cannabis analyst at Wolfe Research. The next event in which the company is going to participate is the Jefferies Cannabis Summit on June 2.
The senior management is going to be involved in fireside chats with Owen Bennett, the cannabis analyst at Jefferies. The last one is the PRSA (Public Relations Society of America) Silver Anvils on May 19. At this event, MariMed is a finalist for the top award.
Technical Data
MRMD stock is trading below the 20-Day and 50-Day Moving averages of $0.69 and $0.72 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.82.
