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Buds & Duds: Origin House and MPX Bioceutical shares riding high while GrowGeneration and Tilray shares dip

MPX Bioceutical, a top gainer on the North American Marijuana Index, announced its plan to merge with iAnthus Capital Holdings back in October

Plant in the shape of an arrow
Shares of Isodiol International and MariMed took a hit

Buds

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.

READ: Biome Grow subsidiary Highland Grow gets sales authorization from Health Canada

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).

Duds

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.

READ: Redfund Capital investor Palisade Global Investments says it’s no longer an insider

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

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter@LenoreMariee

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