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CGC - Canopy Growth News Story

$14.29 -0.2  -1.4%

Last Trade - 8:25pm

Sector
Healthcare
Size
Large Cap
Market Cap £4.18bn
Enterprise Value £3.50bn
Revenue £243.2m
Position in Universe 1075th / 6412

BUZZ-High hopes - Kamala Harris pick a boost for weed stocks

Wed 12th August, 2020 2:51pm
** U.S.-listed shares of Aurora Cannabis Inc  ACB.TO 
 ACB.N , Aphria Inc  APHA.TO   APHA.O , Tilray Inc  TLRY.O ,
Cronos Group Inc  CRON.TO   CRON.O  and Canopy Growth Corp
 WEED.TO   CGC.N  up between 1% and 3%
    ** Biden's VP pick seen as adding to chances for reform in
drug use laws after November election
    ** Kamala Harris was lead Senate sponsor for the Marijuana
Opportunity, Reinvestment and Expungement (MORE) Act of 2019
which sought to end federal prohibition of marijuana
    ** "With Harris as his VP pick, Biden has arguably selected
the most pro-cannabis candidate out of the much speculated short
list for VP running mates" - VIII Capital analyst Graeme
Kreindler
    ** Cannabis stock tracker MJ ETF  MJ.P  has recovered 43%
since hitting its lowest point in March amid broader stock
market plunge

 (Reporting by Shariq Khan in Bengaluru)
 ((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs))
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