Proactive Investors - Run By Investors For Investors

Buds & Duds: Cannabis stocks cruise flat on Friday; ICC International Cannabis shares jump after it applauds Wayland’s progress in Germany

Also on the move were Aurora Cannabis, The Green Organic Dutchman, Tilray Inc and Liberty Health Sciences Inc
German cannabis flag
ICC International Cannabis has a stake in Wayland’s progress in Germany as it is wrapping up its acquisition of 49.9% of Wayland’s international assets and license portfolio

Cannabis stocks were riding flat on Friday after a busy week that saw a host of news, including US lawmakers rolling out an expansive bill, the STATES Act, that would protect the cannabis industry in legal states and the first opening of bricks-and-mortar cannabis stores in Ontario. 

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was up 0.3% to 306.70. The Horizons Marijuana Life Sciences Index ETF was up 0.7% at C$21.73.


ICC International Cannabis Corp (CSE:WRLD.U) (OTCMKTS:WLDCF) shares jumped Friday after it applauded Wayland Group’s (CSE:WAYL) news that it is on the path to receive a cannabis production license in Germany. The German Federal Institute for Drugs and Medical Devices will allow Wayland, through its German joint venture Demecan GmbH, to begin domestic production of medical cannabis for German patients, subject to a review period.

ICC has a stake in Wayland’s progress in Germany as it is wrapping up its acquisition of 49.9% of Wayland’s international assets and license portfolio. 

Shares of ICC were up 5.8% at C$0.37 in Toronto and up 5.6% at US$0.37 in New York. Shares of Wayland Group were also up, up 5.3% at C$1.00 in Toronto, up 4.9% at US$0.74 in New York.

READ: ICC International Cannabis applauds Wayland's new German cannabis production license

Other top gainers on Friday included Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) also with news that it has won public tender to produce medical cannabis in Germany.

Shares were up 2.2% at C$12.21 in Toronto.  

The Canadian cannabis company was one of the three companies selected in a public tender by the German Federal Institute for Drugs and Medical Devices to cultivate and distribute medical cannabis in Germany.

READ: Aurora wins public tender to produce medical cannabis in Germany

Also on the rise Friday was The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF), which was up 4% at C$4.40 in Toronto. 

Last week, the company announced news that it had won a victory from city council in its hometown of Hamilton, Ontario, allowing the cannabis company to operate its cannabis greenhouse in Ancaster, Ontario.


Tilray Inc (NASDAQ:TLRY) shares had a tough Friday, down 2.7% at US$59.42. It's been a tough start to 2019 for the Nanaimo-based cannabis company, compared to many cannabis stocks, which have seen huge rallies so far in 2019. 

on the other hand, Tilray has continued to drop, and on Friday hit its lowest point since the beginning of the year. The stock is off around 80% from its all-time highs of $300/share, seen in September 2018. 

Shares of Liberty Health Sciences Inc (CSE:LHS) (OTCQX:LHSIF) also dropped on Friday, down 2.1% at C$0.94 in Toronto. On Friday, the company is opening its 13th Florida dispensary in Bonita Springs, as the company continues to expand throughout the state. 


Contact Katie Lewis at [email protected]

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

ICC International Cannabis Corp. Timeline

Related Articles

May 13 2019
1933 Industries is progressing with plans to launch one of Nevada's largest hemp extraction facilities, amidst a flurry of other activity
Sydney Harbour Bridge
January 22 2019
A phase I study in Australia is evaluating a cannabis spray therapeutic in cancer patients.
cannabis facility
January 23 2019
The company will capitalize on the need for indoor-grown, pharmaceutical-grade cannabis
Copyright ©, 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