Cannabis stocks finally saw green on Thursday, reversing a downward trend after a tough week of trading for marijuana companies.
The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, gained 1.2% to 148.3 points. Elsewhere, the Horizons Marijuana Life Sciences Index ETF inched 0.6% higher to C$11.77, while the OTCQX Cannabis Index gained 3% to 540 points.
The Edmonton-based cannabis company said that many of the firm’s significant construction projects are nearing the completion of major milestones with significant capital investments concluded.
Shares of Aurora rose 4.1% in Canada to C$5.79 and added 4.3% in New York at US$4.33.
The medical cannabis company has had a quiet September but did announce a new executive appointment, bolstering its team with former MedReleaf Corporation vice president Ivan Latysh as chief technology officer, a newly created role.
Others on the downswing included Ignite International Brands Ltd (CSE:BILZ), down 2.1% in Canada at C$2.30; World Class Extractions Inc (CSE:PUMP), down 7.1%% at C$0.07 and GrowGeneration Corp (OTCMKTS:GRWG), which lost 3.4% at US$4.04.
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