Cannabis stocks saw a healthy mix of red and green on Friday, with the many stocks seeing gains across North American markets.
The Horizons Marijuana Life Sciences Index ETF was up 0.6% to C$18.32. The OTCQX Cannabis Index inched down 0.2% at 738.2 points.
Top gainers on Friday included Weekend Unlimited Inc (CSE:POT) (OTCMKTS:WKULF), the lifestyle-branded recreational cannabis company, which announced yesterday is launching a new customer relationship management platform.
Shares were up 14.3% to C$0.08 on the CSE and up 1% to US$0.06 on OTC Markets.
The company is implementing a sales order and inventory management system with the goal of making business-to-business sales more efficient and providing a seamless ordering experience to customers.
The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) shares were on the rise Friday, after it announced its flagship facility in Quebec received organic certification earlier in the week.
Shares rose 2.2% at C$3.25 in Canadian trading, up 1% at US$2.47 in New York.
The Valleyfield, Quebec facility was certified as organic by Pro-Cert, one of North America’s leading certification bodies. Valleyfield will have over 1.3 million square feet of grow space once completed, making it the largest organic cannabis facility in the world.
Shares were up 3.3% at C$0.62 in Canadian trading.
Laggards Friday included HEXO Corp (TSE:HEXO) (NYSEAMERICAN:HEXO), which was down 1.6% at C$6.97 in Canadian trading.
Earlier this week, Oppenheimer cut the company’s rating to perform from its previous outperform rating.
Other stocks detracting Friday included Aleafia Health Inc (TSE:ALEF) (OTCMKTS:ALEAF), after closing a $40.3 million public offering.
Shares were down 1.5% at C$1.04 in New York, down 2.2% at C$1.35 in Canadian trading.
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