Cannabis Penny Stocks: Emerald Health Therapeutics and Aleafia Health

penny stocks

Cannabis stocks and cannabis penny stocks are booming this morning! This morning, Altria Group, Inc. (NYSE:MO) announced that it would be investing $1.8 billion USD in Cronos Group Inc. (NASDAQ:CRON). This large amount of money being invested in a cannabis company has pushed up investors confidence in the industry. This past week, cannabis stocks have been red all around. But hopefully, that's about to change!

Today, we'll take a closer look at the top cannabis movers on the TSXV. 

Emerald Health Therapeutics, Inc. (TSXV:EMH)

Emerald Health Therapeutics is a former pharmaceutical company that is based out of Victoria, British Columbia. Together with its subsidiaries, the cannabis company produces and sells medical marijuana in Canada.

This morning, Emerald Health is the top cannabis penny stock to see the most percentage gains on its shares. The latest news announced from the company was three days ago. The company's joint venture, Emerald Health Naturals (EHN), received a product license from Health Canada. This license will be used to seel its Endo product line, which is designed to impact a patient's stress, anxiety, and pain.

According to Yahoo Finance, EMH is currently trading at $2.84 a share, up +$0.30 (+11.81%).

>> GGB Stock Rises on Nevada Deal: Green Growth Brands Surges

Aleafia Health Inc. (TSXV:ALEF)

Aleafia Health is a vertically integrated cannabis company that operates out of Concord, Ontario. The cannabis company offers medical consultation services for patients dealing with chronic pain, to see if they are eligible for medical marijuana.

Aleafia is among the top cannabis penny stocks that are seeing major share price gains on the TSXV this morning. Yesterday, the cannabis penny stock held a special meeting with its shareholders. At the meeting, the company's shareholders approved amendments to Aleafia's stock option plan.

Today, it seems that the announcement has boosted investor confidence. According to Yahoo Finance, the cannabis penny stock is currently trading at $1.58 a share, up +$0.16 (+11.27%).

Featured Image: Depositphotos/© Wavebreakmedia

If You Liked This Article Click To Share