Proactive Investors - Run By Investors For Investors

Cannabis stocks slowly rising from the ashes with Aurora Cannabis and Tilray climbing higher

North American cannabis stocks are inching higher after a long stint in negative territory
Cannabis plant in the sunlight
Shares of Aurora Cannabis, Canopy Growth, Tilray and MariMed were on the rise

Cannabis stocks were riding high in the weeks leading up to legalization, but major players in the space have seen their share price drop alongside the hype.

There was a light at the end of the tunnel Tuesday Morning as North American cannabis stocks began to inch higher.

READ: Pot stocks: a pause in the bull trend or a bursting of the bubble?

Aurora Cannabis Inc (TSE:ACB, NYSE:ACB), fresh from its debut on the New York Stock Exchange, saw its shares up more than 2% to US$6.05.

Canopy Growth Corporation (TSE:WEED, NYSE:CGC) shares jumped nearly 4% to US$34.26.

British Columbia-based Tilray Inc (NASDAQ:TLRY) saw its shares climb just about 4% higher to $94.24.

MPX Bioceutical Corporation (CSE: MPX; OTCQX: MPXEF) shares were on the rise after announcing it would be expanding its reach into the Maryland market via a new Health for Life dispensary.

MariMed Inc (OTCQB:MRMD) finalized its acquisition of New Jersey-based cannabis company BSC Group, sending its shares close to 14% higher to US$4.42.

A rising tide lifts all boats, but some cannabis companies were left behind in negative territory.

READ: Succeeding in California cannabis: four questions with Chemistree Technologies president Karl Kottmeier

Isodiol International Inc (CSE:ISOL, OTCQB:ISOLF) appointed former champion bodybuilder and World’s Strongest Man competitor Franco Columbu to its Iso-Sport Management team, but the star power wasn’t quite bright enough.

Shares slipped about 4% to US$1.25.

ICC International Cannabis Corp (CSE:WRLD, OTCQX:KNHBF) announced via a corporate update that it would continue to deploy its “assertive acquisition” strategy, but the update failed to encourage investors.

Shares sank nearly 4% to $0.45.

Maple Leaf Green World Inc (OTCQX:MGWFF) inked a supply deal with Namaste Technologies Inc's (CVE:N, OTCMKTS:NXTTF) online marketplace Cannmart Inc.

Contact Lenore Fedow at [email protected]

Follow her on Twitter@LenoreMariee

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full ACB profile View Profile

Aurora Cannabis Inc Timeline

Related Articles

1542134062_Harvesting-hemp.jpg
November 13 2018
Ascent, viaThirty Eight Hemp Corp, will exploit the hemp market via its strategic relationship with AgTech Scientific
A WeedMD greenhouse
January 21 2019
WeedMD produces cannabis and cannabis oil for both the medical and adult-use markets
cannabis
June 08 2019
1933 Industries is progressing with plans to launch one of Nevada's largest hemp extraction facilities, amid a flurry of other activity
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use