It's Friday, but before you get too relaxed heading into the weekend, there are a few marijuana related stocks worth watching as North American equity markets finish out trading this week. Happy Trading!
Friday Night Inc. (CSE:TGIF)(OTC:VPGDF)(FRA:1QF)
This morning, Friday Night Inc. announced that the company has entered into an agreement to purchase 1.39 acres of land near Las Vegas, NV. They plan to use the property to host one or more of Alternative Medicine Association’s (Friday Night's 91% owned licensed subsidiary) cultivation licenses. In early trading, shares of Friday Night are rising roughly 6% on the CSE and haven't traded yet on the OTC Markets.
Related: Las Vegas Based Cannabis Company to List On CSE
Heliospectra AB (First North:HELIO)(OTC:HLSPY)
Earlier today, Heliospectra announced the company's financial results for the first half of 2017. Net sales increased 19% from the first half of last year and operating losses decreased compared to H1'16. The company also highlighted recent orders from cannabis cultivators including Canada's Island Garden, The Grove Nevada and TruGanic Hybrid Cultivation. In late trading in Sweden, shares of Heliospectra are down roughly 6% after being under pressure for much of the session. Heliospectra's OTC Markets symbol hasn't traded so far today. We'll be watching to see how shares continue to react to their earnings release.
Related: Heliospectra Gets $93,000 Order from Cannabis Cultivator
LGC Capital Ltd. (TSXV:QBA)
After the close of trading yesterday, LGC Capital announced that the company has increased their previously announced private placement to $2.4 million CAD because of high demand. The company plans on using the proceeds to fund their medical cannabis expansion plans, including their South African joint venture. In early trading Friday, shares of LGC Capital are flat. We'll be keeping an eye on the trading action in LGC Capital today given their increased private placement.
Related: TSX-V Listed Co. to Acquire 60% of South African Cannabis Co.
THC Biomed International Ltd. (CSE:THC)(OTC:THCBF)(FRA:TFHD)
Yesterday, shares of THC Biomed doubled on news the company has received their license to sell dried cannabis from Health Canada. Given yesterday's big move, we'll be keeping close watch on shares of THC Biomed to see if they move even higher, or consolidate some of yesterday's gains. In early trading Friday, THC Biomed is gaining another 12% on the CSE and 19% on the OTC Markets.
Related: THC Biomed Shares Up More than 80% on Receipt of ACMPR Sales License!
That's all for now, but we'll be sure to keep readers posted regarding important developments in these names and in the cannabis industry worldwide. Be sure to subscribe to one or more of our free newsletters so you never miss an important marijuana update. Don't be a stranger; connect with The Daily Marijuana Observer on Facebook, Twitter, StockTwits and Instagram.
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