Australia's MMJ Phytotech gains; Canada portfolio firm gets cannabis licence

Delivra Health Brands

19/06/2018 02:45

** MMJ Phytotech Ltd  MMJ.AX  rises as much as 4.8 pct to
A$0.330, its highest since June 12
    ** MMJ's portfolio company Harvest One Cannabis Inc's
 HVT.V  unit, United Greeneries (UG), receives dealer's licence
in Canada  urn:newsml:reuters.com:*:nASX57cYRd
    ** With licence, UG can import narcotics including its
Gelpell Microgel CBD capsules into Canada, MMJ says
    ** UG's capsules made in Switzerland are already sold as
nutritional supplements in EU and as prescription drugs in
Australia
    ** Stock posts its biggest intraday pct gain since June 4
    ** Stock has fallen 27.6 pct this year up to Monday

 ((Aaron.Saldanha@thomsonreuters.com; +91 80 6749 4146; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))