Cannabis stocks were mostly in the red Monday afternoon, but there were a handful of high rollers.
Origin House (CSE:OH) (OTCQB:ORHOF), formerly known as CannaRoyalty Corp, was a top gainer on the North American Marijuana Index with shares climbing nearly 7% higher to C$6.40. The Ontario-based cannabis company completed its early warrant conversion, generating a total of C$12.5 million.
MPX Bioceutical Corp (CSE:MPX) (OTCQB:MPXEF) was another top gainer as its shares climbed about 5% to US$0.68. The Toronto-based company announced in October that it planned to merge with iAnthus Capital Holdings Inc (CSE:IAN) (OTCQX:ITHUF).
Tilray Inc (NASDAQ:TLRY) shares were down nearly 14% to US$64.76. The company announced Monday it signed a letter of intent to purchase hemp-derived CBD isolate from LiveWell Canada Inc (CVE:LVWL) for use in its wellness and medical products.
Vancouver-based Isodiol International Inc (OTCQB:ISOLF) (CSE:ISOL) shares dipped more than 10% to C$1.25. The provider of CBD and hemp products recently appointed Gerry Ramogida, team chiropractor and performance therapist for the Seattle Seahawks, to its medical advisory board.
GrowGeneration Corp (OTCQX:GRWG) was a top decliner with shares falling nearly 7% to US$2.69. The Colorado-based company recently opened a 10,000 square feet cultivation equipment warehouse in Maine, marking its 20th location across eight states.
Supreme Cannabis Company Inc (CVE:FIRE) shares slipped nearly 4% to US$1.02. The Toronto-based company inked a deal with rapper Wiz Khalifa’s Khalifa Kush Enterprises to develop premium cannabis products.
Aphria Inc (TSX:APH) (OTCQB:APHQF) shares dipped around 5% to US$5.32. The Ontario-based cannabis company recently signed an exclusive supply agreement with Insumos Medicos SA to supply medical cannabis in Paraguay.
MariMed Inc (OTCQB:MRMD) shares were down about 1% to US$3.04. The Massachusetts-based company recently announced that it was expanding its hemp operations and released a statement about what the passage of the 2018 Farm Bill means for the company’s hemp-derived CBD products.
The North American Marijuana Index was fell about 4% to $218.77.
--Updated to include recent share price
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