Australia's Little Green Pharma rises on cannabis product supply contract

Little Green Pharma

12/07/2023 04:11

** Shares of Little Green Pharma  LGP.AX  jump as much as
10.5% to A$0.210, their highest since March 28
    ** Co announces its contract ward of a commercial tender to
supply CBD50 classic oils to French medicinal cannabis trial
    ** The supply price is A$77 ($51.86) per bottle with the
total award valued at up to A$1.6 mln
    ** The trial is currently the largest govt-led trial in
Europe and the only available pathway for the supply of
medicinal cannabis in France, says co
    ** Stock up for a third consecutive session, if gains hold 
    ** More than 652,000 shares change hands, compared with the
30-day average of about 190,000 shares 
    ** As of last close, LGP shares up ~5.6% YTD


     ($1 = 1.4848 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))