Cannabis investors were giving thanks for many reasons on Thursday as all major indices were in the green to start the US holiday.
The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, inched up 0.2% at 117.9 points. Elsewhere, the Horizons Marijuana Life Sciences Index ETF gained 1.3% to C$9.34, while the OTCQX Cannabis grew 0.5% at 450.5 points.
US markets were closed on Thursday, but a few companies north of the border made moves into positive territory.
"The country has a robust CBD marketplace and is becoming more accepting to the use of hemp and cannabis for improved health and wellness,” Derek Ivany, chairman of the company’s advisory board, said in a statement Thursday. “Initial discussions indicate the possibility of numerous upstream and downstream M&A opportunities that builds on EuroLife's strategy outlook."
Shares of EuroLife were up 20% on Thursday morning at C$0.06.
Also moving higher was Aleafia Health Inc (TSE:ALEF) (OTCMKTS:ALEAF) on news that the company produced the first run of medical cannabis oils, part of a newly launched international white label production service.
Aleafia’s stock was up 1.5% in Toronto at C$0.66.
The Calgary-based company is in the midst of a proposed merger with We Grow BC, known for its Qwest brand of flower and products.
Shares of Westleaf fell 2.5% in Toronto at C$0.20.
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