Compared to the prior two weeks, earnings and other news in the world of cannabis-related companies have quieted down this week, consequently reducing market volatility. The broader marijuana sector, as tracked by the Solactive North American Medical Marijuana Index, rose roughly 0.1% this week. That being said, a handful of names gained more than 5% this week, and five have market capitalizations greater than $50 million USD. Here are the five biggest pot stock winners for the week ended August 18, 2017.

Cannabics Pharmaceuticals Inc. (OTC:CNBX)

In trading this week, shares of Cannabics Pharmaceuticals gained roughly 10%. Cannabics Pharmaceuticals is a developer of standardized and long-acting medical cannabis capsules. The company predominantly conducts its research and development activities in Israel. This week's bullish action in shares of Cannabics may be related to Monday’s announcement that an Israeli government panel has recommended a policy change to allow the export of medical marijuana in various forms.

Cronos Group Inc. (TSX-V:MJN)(OTC:PRMCF)

Cronos Group wholly owns two Canadian licensed producers of medical marijuana and holds minority stakes in three additional licensed producers. Despite a lack of recent news, shares of Cronos Group rose roughly 12% in trading this week.

Intec Pharma Ltd. (TASE:NTEC)(NASDAQ:NTEC)

Shares of Intec Pharma were a big winner this week, gaining roughly 26%. On Tuesday evening, Intec announced that the company is doing a secondary offering in order to fund a phase three clinical trial of their accordion pill Carbidopa/Levodopa for the treatment of Parkinson's’ Disease. In terms of cannabinoids, Intec Pharma is developing cannabinoid-based treatments for low back neuropathic pain and fibromyalgia using their proprietary accordion pill drug delivery technology.

OWC Pharmaceutical Research Corp. (OTC:OWCP)

OWC Pharmaceutical Research rose roughly 16% this week. Like Cannabics Pharmaceuticals, OWCP conducts much of their cannabinoid research and development activities in Israel. Therefore, OWCP also stands to benefit from the proposed policy change allowing exports of cannabis and cannabis derivatives from Israel.

United Cannabis Corporation (OTC:CNAB)

United Cannabis Corporation rose more than 9% in this week’s trading. On Tuesday, United Cannabis announced that the company has been granted a U.S. Patent for some of its proprietary formulations of compounds extracted from cannabis.

About The Daily Marijuana Observer: The Daily Marijuana Observer is a leading source for cannabis-related investment news and more. Our mission is to destigmatize capital flow into the cannabis sector by providing investors with a trusted resource for research and exploration.

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