Soars after launching hemp and CBD business

SPI Energy Co

18/09/2019 18:34

(Updates)
    ** Photovoltaic solutions provider's shares  SPI.O  rise as
much as 76.99% to $4 after co launches hemp and cannabidiol
(CBD) business
    ** Stock set for best day in nearly five months, if gains
hold 
    ** Recently executed a management services agreement with
the Native American Agricultural Company (NAAC) to cultivate
hemp in the Navajo Nation, says co  urn:newsml:reuters.com:*:nGNX2R94Fq
    ** Co has also obtained licenses from Navajo Nation for lab
testing, cultivation, distribution and retail sales of hemp
    ** SPI trading at $3.28 at about a 4-month high; stock best
performer across all U.S. exchanges
    ** Including session's gains, stock has nearly quadrupled
this year 

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))