Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Canadian marijuana producers get boost on stock market after legalization reports

Canadian marijuana producers get boost on stock market after legalization reports | iNFOnews.ca
Julia Ratcliffe, a technical consultant with The Bug Factory, a company that supplies insects for natural pest control, examines marijuana plants for pests at the MediJean medical marijuana facility in Richmond, B.C., on March 21, 2014. The federal government has lost its latest attempt to prevent medical marijuana patients from growing pot at home. Credit: THE CANADIAN PRESS/Darryl Dyck

TORONTO – Canadian marijuana stocks got a boost Monday following reports that the federal government will introduce a bill next month that aims to legalize pot by July 1, 2018.

Shares of Canopy Growth Corp. (TSX:WEED) were up 10.12 per cent, or $1.00, to $10.88 per share in late morning trading on the Toronto Stock Exchange.

Aphria (TSX:APH) was up 5.81 per cent, or 36 cents, to $6.56 per share.

Aurora Cannabis (TSXV:ACB) was up 10.09 per cent, or 23 cents, to $2.51.

Citing senior federal sources, CBC News and the Globe and Mail reported that the Liberal government is planning to table legislation ahead of April 20, a symbolic date on which festivals are held annually across the country by marijuana enthusiasts.

News from © iNFOnews.ca, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

Howard Alexander

Assistant Editor Howard Alexander comes to iNFOnews.ca from the broadcasting side of the media business.

Howard has been a reporter, news anchor, talk show host and news director, first in Saskatchewan and then the Okanagan.

He moved his family to Vernon in the 90s and is proud to call the Okanagan home.

If you have an event to share contact Howard at 250-309-5343or email halexander@infonews.ca.

Related Articles