Canadian #Cannabis Stocks on a High as news of Potential Legalization by July 1, 2018 Incites Investors
Trading snapshot: (TSX: WEED), (TSX:APH), (TSXV: ACB)
Point Roberts, WA, Delta BC – March 28, 2017 – Investorideas.com, a global news source and investor resource covering hemp/cannabis stocks issues a sector alert for Canadian stocks following news that the Liberal government plans to release legislation the week of April 10, with a mandate that recreational marijuana use will be legal by Canada Day of 2018.
Trading snapshot for Monday March 27, 2017:
Canopy Growth Corp. (TSX:WEED) made one of the top traded stocks by volume and percentage gains on the TSX closing at $10.98, up $1.10 or 11.13% on volume of 5,759,482 shares.
Canopy Growth is a world-leading diversified cannabis company, offering diverse brands and curated cannabis strain varieties in dried and oil extract forms. Through its wholly‑owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of indoor and greenhouse production capacity. Canopy Growth has established partnerships with leading sector names in Canada and abroad
Aurora Cannabis (TSXV: ACB) closed at $2.53 up $0.25 or 10.96% on volume of 5,321,928 shares.
Aurora's wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, and is currently constructing a second 800,000 square foot production facility, known as "Aurora Sky", at the Edmonton International Airport. The Aurora Sky project has secured advanced technology from the most renowned design and construction suppliers in the Netherlands.
Aphria (TSX: APH) made the list of high percentage gainers, closing at $6.72, up $0.52 or 8.39% on 2,124,618 shares. The Company is located in Leamington, Ontario and is a Health Canada approved licensed producer of high quality 100% greenhouse grown medical cannabis products. Aphria produces and sells their products (currently dried bud and cannabis oil) through 2 primary channels; retail and wholesale. Retail sales are exclusively direct to consumer, a model that is mandated by Health Canada under the ACMPR (‘Access to Cannabis for Medical Purposes Regulations’). Through this model, customers place orders online or by telephone and the product is shipped directly to their address. Aphria’s wholesale business involves selling bulk product to other licensed producers. The company is also committed to supporting cannabis R&D through various means including strategic partnerships and the development of in house capabilities. In short, Aphria is committed to providing pharma-grade medical cannabis and superior patient care, while balancing patient economics and returns to shareholders.www.aphria.com
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