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Canada’s marijuana stocks on fire as dispensaries raids continue

Submitted by Marijuana News on Thu, 10/13/2016 - 10:17

The tell is in the tape, as they say. On Tuesday, the TSX Venture’s highest volume traders by dollar amount were all Marijuana for Medical Purposes Regulations (MMPR)-licensed producers.

Aurora Cannabis Inc., (CVE:ACB), Aphria Inc. (CVE:APH), OrganiGram Holdings Inc. (CVE:OGI), and Maple Leaf Green World Inc. (CVE:MGW) were ranked one through four as of market close. On the TSX main board, it was Canopy Growth Corp (TSE:CGC) delivering one of the best performances of the session, rising by 4.73 per cent to $5.53 on volume of 3.3 million shares worth $18.4 million.

A total of 14 million shares worth $48 million traded hands which is highly unusual when there is no sector-specific news to drive that kind of interest. 

According to John Fowler, CEO of Supreme Pharmaceuticals Inc. (CNSX:SL), whose share price has tripled in the last three months, investors are...

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Financial Post
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