On March 21st, The Hydropothecary Corporation began trading on the TSX Venture Exchange with the ticker symbol "THCX." For the investors and traders who haven't been tracking the stock, shares are up nicely so far. Hydropothecary is Quebec's "first and only licensed producer of medical marijuana," and is now finally accessible to cannabis stock investors.
On Tuesday shares of TSXV:THCX started the trading day at $1.82 CAD, which is equal to approximately $1.36 USD at current exchange rates. As of the writing of this article, shares of The Hydropothecary Corp. are trading at $2.11 CAD, which is equal to approximately $1.58 USD at current exchange rates. This represents a nearly 16% rise in share value for Hydropothecary.
We'll be closely watching trading in shares of TSXV:THCX as it is one of the newest cannabis stocks on the markets. Be sure to check out The Hydropothecary's team ring the opening bell at the Toronto Stock Exchange.
Now check out other marijuana-related videos here.