During today's North America trading sessions, markets in the U.S. gave back earlier gains to finish slightly negative on the day while Canadian markets finished strong. The Dow closed Thursday's trading down 4.72 points, the NASDAQ Composite finished down 0.07%, and the TSX Composite closed up 85 points or 0.55%.
It was tough picking just five names for gainers today as the cannabis sector was so strong in today's trading session, outperforming both the U.S. and Canadian broad market indices.
Here are five cannabis-related stocks that posted strong gains in trading on Thursday, March 23rd, 2017.
Canopy Growth Corp. (TSX:WEED)(OTC:TWMJF)(FRA:11L1)
The markets received Canopy Growth's earlier announcement that their expanded growing and fulfillment facilities were licensed by Health Canada with fanfare. As of the European close earlier shares of Canopy on the Frankfurt Exchange closed up 9.42% at €7.12. WEED shares on the TSX finished today's trading at CAD$10.16, up 4.53% from their previous close of CAD$9.72. Last but not least, Canopy on the OTC markets finished up 4.13% at $7.62. Volume in TWMJF today was lower than their 30-day average trading volume of 372,000 shares.
Invictus MD Strategies Corp. (CSE:IMH)(OTC:IVITF)(FRA:8IS)
Shares of Invictus MD Strategies responded well to their press release earlier regarding the successful completion of test crops at AB Laboratories. Shares of Invictus did not trade today on the Frankfurt Exchange, however they were active in both the U.S and Canada. On the CSE shares of Invictus closed up 8.70% at CAD$1.25. Their U.S. listing finished Thursday's trading at $0.9117, up 3.38% from their previous close of $0.8819. Trading volume in IVITF was lower than their 30-day average volume of 48,700 shares.
Kush Bottles, Inc. (OTC:KSHB)
Kush Bottles' shares finished today's trading up 11.49% at $1.94. Today's trading volume in KSHB of 128,000 shares was lower than their 30-day average volume of 166,000 shares. Earlier today, Kush Bottles announced a relocation and expansion of their corporate headquarters and California distribution facility.
Vodis Pharmaceuticals, Inc. (CSE:VP)(OTC:VDQSF)(FRA:1JV)
This morning, Vodis announced that construction is underway on the expansion of their Bellingham, Washington cultivation facility. The market responded well to this announcement with shares of Vodis closing today's trading up 12.82% at CAD$0.44. Today's volume in Vodis was higher than their 30-day average trading volume.
22nd Century Group, Inc. (NYSE:XXII)
Shares of 22nd Century Group gained 8.33% in today's trading session, closing at $1.04. Volume in XXII of over 1.3 million shares was higher than their 30-day average volume of 700,000 shares.
If you see a marijuana stock here that captures your curiosity, a great place to learn more is their company profile in our global marijuana stock database by using the linked ticker symbols above.
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