Cannabis stocks rolled into the weekend in fine form, with most stocks up across the board.
The North American Marijuana Index, which tracks the leading cannabis stocks in the US and Canada, was up 3.8% to 232.71.
Recently, the company saw its sales soar in its fiscal first quarter on the back of robust demand for cannabis products across Nevada, California and Colorado.
The company has seen impressive performance in its first year.
“Our strong financial results of $12.6 million in sales revenue for our fiscal year 2018 are a testament of our sound operational management and diligent business practices as we continue to build a solid foundation for the future”, said CEO Brayden Sutton in a company press release earlier this week.
The start of 2019 has been a blockbuster for Namaste -- its stock has jumped more than 35% since the beginning of the year. The company has not released new news in the last few weeks.
There were a few duds on Friday, but in limited fashion.
MariMed Inc (OTCQB:MRMD) had a rock-solid Thursday, up more than 8%, but settled on Friday, down 3.23% to US$3.60. The US cannabis company offers a hemp product line and stands to benefit from the passage of the 2018 Farm bill, which legalizes industrial hemp.