Australian pot stocks soar as Democratic sweep of U.S. Senate spurs reform hopes

Bod Science

07/01/2021 02:51

** Australia-listed cannabis stocks jump in line with North
American peers as Democrats win U.S. Senate runoff elections in
Georgia, raising hopes of action on their promise to legalise
pot  urn:newsml:reuters.com:*:nL4N2JH2VA
    ** Shares of BOD Australia Ltd  BDA.AX  rise as much as
20.9%, further boosted by strong medicinal cannabis sales growth
during H2  urn:newsml:reuters.com:*:nL4N2JH48N
    ** Hemp and medicinal cannabis industry operator Elixinol
Global  EXL.AX , which has significant operations in the United
States, soars ~15% in its best day in nearly a month
    ** Creso Pharma Ltd  CPH.AX , a developer of
cannabis-derived therapeutic and lifestyle products, jumps as
much as 22.2%
    ** Little Green Pharma  LGP.AX  adds as much as 6.7%, while
MGC Pharmaceuticals   MXC.AX  climbs 12%
    ** Overnight, U.S.-listed shares of Aphria Inc  APHA.TO ,
 APHA.O , Hexo Corp  HEXO.TO ,  HEXO.N  and Cronos Group
 CRON.TO ,  CRON.O  rose between 10.4% and 13%

 (Reporting by Shruti Sonal in Bengaluru)
 ((Shruti.Sonal@thomsonreuters.com; Twitter: @shrutisonal26))