Australia's Incannex Healthcare hits soars on consulting agreement with U.S. co

American Cannabis

11/02/2021 03:02

** Shares of Incannex Healthcare Ltd  IHL.AX  jump as much
as 23.1% to A$0.240, their highest since July 3, 2013 
    ** The medicinal cannabis co executed a binding consulting
agreement with EAS Advisors LLC, a New York-based corporate
advisory firm  urn:newsml:reuters.com:*:nASX7vNFjv
    ** Co says agreement to facilitate inroductions to U.S.
banks and institutions with the primary aim of listing IHL
securities in the United States, while retaining an ASX listing
    ** Stock posts its biggest intraday pct gain since Dec. 8,
2020
    ** More than 11.5 mln shares change hands, vs the 30-day
average volume of 3.3 mln shares
    ** Stock has risen 25.8% this year as of last close
    
  

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))