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Home / Market Movers / Cannabis Stock Leader: InMed Pharmaceuticals Inc (OTCQB:IMLFF) Gains 8.71% at Midday on June 17

Cannabis Stock Leader: InMed Pharmaceuticals Inc (OTCQB:IMLFF) Gains 8.71% at Midday on June 17

InMed Pharmaceuticals Inc (OTCQB:IMLFF) has a strong morning trading session on June 17, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 8.71%. After closing the previous session at $0.085, shares of $IMLFF opened this morning at $0.09 and are trading at $0.0924 at the lunch break. So far, about 13,390 shares have changed hands, compared to an average of 30-day volume of 41,404 for InMed Pharmaceuticals Inc. Shares moved as high at ${round high 4} and as low as $0.09 in AM trading action.

The share appreciation gives the company a market capitalization of $5.17 million based upon 60.87 million shares outstanding.

In the past 52 weeks, shares of InMed Pharmaceuticals Inc have traded as low as $0.05 and as high as $0.2. Technical traders will take note that at $0.0924, shares of $IMLFF are trading above their 50-day moving average (MA) at $0.077 and below their 200-day MA at $0.109. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish.

Who is $IMLFF?

InMed Pharmaceuticals Inc is a clinical stage biopharmaceutical company. It develops cannabis based therapies through the research and development into the pharmacology of cannabinoids coupled with drug delivery systems.. The company is led by its CEO Craig Schneider from its headquarters in Vancouver, BC.

For more information on IMLFF and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 12:30PM ET.

About is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

About Jeremy Wilchek

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