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Shares of several cannabis companies are trading higher on Tuesday amid strength in the space following Tilray’s UK distribution deal with Grow Pharma and earnings from Canopy Growth.
Canopy Growth Corp (NASDAQ: CGC) grows and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that includes Tweed, Spectrum Therapeutics, and CraftGrow.
Canopy Growth stock rose 12.70% to $ 49.44. The stock has a 52 week high of $ 49.55 and a 52 week low of $ 9.
Tilray (NASDAQ: TLRY) sells medical and recreational cannabis through a portfolio of brands including Canaca, Dubon and Manitoba Harvest.
Tilray’s stock rose 39.80% to $ 42.06. The stock has a 52 week high of $ 45.49 and a 52 week low of $ 2.43.
Cannabis Aurora (NYSE: ACB) grows and sells medicinal and recreational cannabis through a portfolio of brands including Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael ’71.
Aurora Cannabis shares were trading up 9.08% at $ 16.22. The stock has a high of $ 21.48 in 52 weeks and a low of $ 3.71 in 52 weeks.
Cronos Group Inc (NASDAQ: CRON) grows and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach.
Cronos stock rose 6.94% to $ 13.71. The stock has a high of $ 14.08 in 52 weeks and a low of $ 4 in 52 weeks.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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