Out of over 200 marijuana stocks, there's 5 that we're going to be watching as the markets open due to breaking news out this morning and more. Here's 5 cannabis companies to watch today including Aphria Inc. (TSX:APH) (OTC:APHQF) and more.
Aphria Inc. (TSX:APH) (OTC:APHQF)
Yesterday, Aphria Inc. was assigned a 'buy' rating by Clarus Securities' Noel Atkinson with over 58% upside baked into his price target. It should be noted however, that Clarus Securities was the lead underwriter for Aphria's recent $80 million bought deal financing.
Aurora Cannabis Inc. (TSXV:ACB) (OTC:ACBFF)
This morning, Aurora Cannabis Inc. reported its financial and operational results for Q1 of fiscal 2018. For the quarter that ended September 30, 2017, Aurora saw growth in a handful of key metrics. This release comes on the heels of the company's recent announcement regarding a successful launch to vaporizer sales in partnership with Namaste.
Cronos Group Inc. (TSXV:MJN) (OTC:PRMCF)
Today, Cronos Group Inc. announced that its strategic joint venture, dubbed "Cronos Israel", with Kibbutz Gan Shmuel for the production, manufacture, and global distribution of medical marijuana, has been approved by the TSX Venture Exchange. Additionally, the company announced some significant changes to the Cronos leadership team.
Marijuana Company of America Inc. (OTC:MCOA)
This morning, Marijuana Company of America Inc. announced that it has completed its financing of $800,000 in cash and 15 million shares of the company's common stock in full satisfaction of the amended terms of the joint venture agreement with Bougainville Ventures, Inc.
mCig Inc. (OTC:MCIG)
This morning, mCig Inc. announced that its Grow Contractors division has entered an exclusive agreement to build and develop a 31,000 square foot state of the art cultivation, extraction, and distribution facility located in a prime area of the San Gabriel Valley in California. The contract is valued at $5 million.
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