Australia's Creso Pharma set for best week ever on U.N, EU cannabis news

Shanaya

04/12/2020 24:52

** Pot product producer Creso Pharma Ltd  CPH.AX  set for
its best week ever, climbing over 230% 
    ** Shares rise as much as 34% on Friday to A$0.13
    ** Over the week, the United Nations removed cannabis from
list of narcotic drugs, an European Union court ruled that
cannabidiol can be sold freely and CPH secured 3 orders from the
continent  urn:newsml:reuters.com:*:nL4N2IJ0MJ  urn:newsml:reuters.com:*:nL4N2IF0UY  urn:newsml:reuters.com:*:nL4N2II07R
    ** CPH says the U.N. decision will benefit its existing
global distribution network and foot print  
    ** Other Australia-listed pot stocks like Cann Group
 CAN.AX , Althea Group Holdings  AGH.AX , Elixinol  EXL.AX  are
set for double-digit weekly gains
    ** CPH down 22.4% this year as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))