(Image Credit - Sanja Gjenero)
Based on recent news and market movement in the early part of the trading day, here are a handful of marijuana stocks we'll be keeping an eye on through the rest of today's trading session:
Emerald Health Therapeutics Inc. (TSX-V:EMH)(OTC:TBQBF)
Last night, Emerald Health Therapeutics announced a joint venture with greenhouse produce grower, Village Farms to produce high quality, low cost cannabis at large scale. In early trading Wednesday, shares of Emerald Health are up more than 4.5% on the TSX Venture. The company's OTC Markets symbol is up more than 5% on volume that is already more than double the company's 30-day average volume. On this initial foray into the cannabis space, shares of Village Farms (TSX:VFF) on the TSX are higher by more than 18% in early trading. We'll be watching to see how shares of both company's finish out today's trading given this exciting news.
MedReleaf Corp. (TSX:LEAF)
MedReleaf Corp. made its market debut on the TSX today, and the market reception so far has not been positive. As of early trading Wednesday, shares are down more than 23% from the IPO price. We'll be watching to see if MedReleaf can catch a break from some of this early selling pressure as the trading day goes on.
Revive Therapeutics Ltd. (TSX-V:RVV)(OTC:RVVTF)
In early trading Wednesday, shares of Revive Therapeutics are up more than 13% on the TSX Venture. The company's OTC Markets symbol is up nearly 33%! This morning, Revive announced positive results from its research into the potential healing effects of cannabinoids in various liver diseases. We'll be watching to see how shares of Revive close the session given this news.
22nd Century Group Inc. (NYSE:XXII)
Shares of 22nd Century Group are up more than 9% in early trading after gaining more than 12% yesterday. On Tuesday afternoon, the company announced that they have produced several new Very Low Nicotine tobacco varieties with no foreign DNA and no trace of genetic modification. We'll be watching to see if this recent bullish action can continue in shares of 22nd Century.
That's all for now folks, but we'll be watching the market action in these names and more marijuana related stocks through the rest of the trading day. Be sure to subscribe to one or more of our free email newsletters so you never miss an important marijuana industry update. Also, visit us on Facebook, Twitter and Instagram!
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