Weed stocks on a high on Quebec supply deal

East Side Games

11/04/2018 15:07

** Shares of Canadian marijuana companies rise after Quebec
signs weed supply agreements with six suppliers  urn:newsml:reuters.com:*:nL3N1RO4WJ
    ** Suppliers gain: Hydropothecary  THCX.V  16.5 pct, Canopy
Growth  WEED.TO  2.4 pct, Aphria  APH.TO  ~3 pct, MedReleaf
 LEAF.TO  1.7 pct, Aurora Cannabis  ACB.TO  4.2 pct
    ** PE-backed Tilray Canada sixth supplier to sign a deal
with Quebec's liquor board to supply province with marijuana
when Canada legalizes its recreational use this year
    ** Companies not part of agreement mixed: CanniMed  CMED.TO 
dips ~1 pct, CannTrust Holding  TRST.TO  up 2.2 pct
    ** Horizons Marijuana Life Sciences ETF  HMMJ.TO  up 2.2 pct
and U.S.-listed ETFMG Alternative Harvest ETF  MJ.P  up ~2 pct
    ** Gains come after Canadian marijuana stocks fell to
4-month lows on Tuesday on lingering concerns about possible
delays to legalization of recreational use

 (Reporting by Savio D'Souza)
 ((RM:savio.dsouza.thomsonreuters.com@reuters.net))