Buds & Duds: Tilray rises ahead of earnings release, Harvest One and Flowr ink sales deals
Cannabis stocks grew nicely Monday, as US markets continued to make gains.
The North American Marijuana Index, which tracks leading cannabis stocks, was up 2.2% to 298.
Buds
Shares of Tilray Inc (NASDAQ:TLRY) are up Monday in anticipation of a fourth-quarter earnings release after the bell. A lot changed since the company’s third-quarter wrapped in September — namely, Canada legalized cannabis. Analysts expect a loss of $0.12 per share on average on revenue of $14.15 million.
The stock grew 0.7% to $73.
Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) reached an agreement Monday to supply medical cannabis to Shoppers Drug Mart via its wholly-owned subsidiary and cultivation arm United Greeneries Ltd. The Vancouver-based company will provide Satipharm brand — another Harvest One subsidiary — medical cannabis to be sold on Shoppers’ website.
Shares spiked about 15% to C$0.91 on the TSXV and US$0.69 on OTC markets.
READ: Harvest One to supply medical cannabis to Shoppers Drug Mart
The Flowr Corporation (CVE:FLWR) will also have products available at Shoppers Drug Mart, the company announced Monday. The Markham, Ontario-based company’s FlowrRx products will be available on the pharmacy’s medical cannabis website.
Shares blossomed, up 2% to C$6.96.
Duds
GW Pharmaceuticals (NASDAQ:GWPH) agreed to sell its Rare Pediatric Disease Priority Review Voucher for $105 million, the company announced Monday. The UK-based company was the first cannabis company to receive the voucher from the FDA for its treatment of seizures associated with rare childhood epilepsy, according to MarketWatch. The company plans to invest the revenue into the commercial launch of the drug, known as Epidiolex, in the US and Europe.
Shares dropped 1.3% to $167.12.
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/216677/buds--duds-tilray-rises-ahead-of-earnings-release-harvest-one-and-flowr-ink-sales-deals-216677.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).