CANADIAN MARIJUANA STOCK RISES ABRUPTLY
April 6, 2017 News
Its introduction into the House of Commons is expected to be viewed as a further stock industry catalyst. It is believed legislation will add momentum to the stock spike. The news of coming legislation gave a prominent, sector-wide boost to Canadian medical marijuana stocks, such as “Aurora Cannabis Inc”. Its stocks jumped nine percent on Monday to $2.48 per share.
Executive Vice-President of “Aurora Cannabis Inc.”, Cam Battley, has stated that sector growth such as this, will also open up opportunities for other businesses that are affected either directly or indirectly. Such companies would include those in the areas of research and information technology.
“Aurora Cannabis Inc”, which had one of the biggest stock boosts is Alberta-based and is building a state-of-the-art facility at the Edmonton Airport, stretching to approximately the size of 16 football fields.
Canada’s largest marijuana company, “Canopy Growth Corp”, also jumped nine percent to $10.84, while lesser known companies, like “Organigram Holdings Inc.”, managed to come up with an increase to $2.42 per share, after trading on the Toronto Stock Exchange on Monday.