Cannabis stocks are up and down Thursday, with the likes of Global Hemp Group and Golden Leaf Holdings in the green zone. But is there specific cannabis news behind these jumps? Let’s see what we can find out.
Cannabis News | Stocks in Green
- Global Hemp Group (CNSX:GHG)
According to Google Finance, as of 4:00 p.m. EDT, Global Hemp was trading at $0.15. This puts the stock up 15.38%. Not bad, considering it’s the second to last day of trading.
There is cannabis news centering around this Canadian company. However, it came out two days ago, and there hasn’t been anything directly from the company since, so why Global Hemp is up nearly 20% today is unclear. With that being said, on May 15, Global Hemp announced that it had a new strategic growth plan, and it was going to start executing it. Specifically, pursing profitable harvest in various niche marketplaces.
- Golden Leaf Holdings (CNSX:GLH)
It’s nice to see Golden Leaf Holdings up today, considering the cannabis stock was down yesterday. At 4:00 p.m. EDT, Golden Leaf Holdings was trading at $0.24. This puts the stock up 4.26%, according to Google Finance.
So, the stock is up, but did the Canadian company announce any specific cannabis news to make it rise? The answer is yes. On Thursday, Golden Leaf Holdings disclosed to the public that it has signed an LOI to purchase two cannabis cultivation facilities. As part of the acquisition, Golden Leaf Holdings will also acquire the facilities cultivation license. One of the facilities is in Nevada, the other is located in Northern California.
Considering the importance of this cannabis news, it’s no wonder the company turned a new leaf today, traded in the green zone.
The Cannabis News Takeaway
Did any of this cannabis news impress you? Did I miss anything? Let me know.
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