Wednesday is kicking off to a great start for most marijuana stocks! Even marijuana penny stocks have rebounded today and are trading mostly green. Earlier this week, the industry corrected a bit on US and Canadian markets, but it seems to be trending upward once more.
Today, we'll take a look at two marijuana penny stocks that are trending on two different Canadian markets.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD)
The Green Organic Dutchman Holdings is a cannabis company based in Mississauga, Ontario. The company produces organic cannabis products and was incorporated back in 2016.
Yesterday, the marijuana penny stock announced the appointment of two new directors to its company. Dr. Caroline MacCallum and Jacques Dessureault have been added to The Green Organic Dutchman's Board of Directors.
"Dr. MacCallum's vast experience in cannabinoid research will be invaluable to TGOD," commented Brian Athaide, CEO and Director of The Green Organic Dutchman. "She has been recognized by her peers in the medical industry as an expert in medical cannabis with a focus on dosing, which will be critical as we prepare to launch a suite of multi-dose products under the recently announced Responsible Regulation of Edible Cannabis Products in Canada."
>> ACB Stock: Aurora Tumbles Despite 68% Quarterly Revenue Growth
At press time, TGOD is trading at $2.45 a share, up +$0.01 (+0.41%). TGOD is among the top trading marijuana penny stocks on the TSX this morning.
Canopy Rivers Inc. (TSXV:RIV)
Canopy Rivers is a public investments firm headquartered in Toronto, Ontario. The company makes investments in cannabis companies in the US and Canada.
This morning, RIV is among the top trading marijuana penny stocks on the TSXV. The stock has seen exponential growth in the last five days, up 24%. Yesterday, it announced its latest investment in a cannabis data and analytics service. This may be why the stock is trading up today on the TSXV.
According to Yahoo Finance, RIV is trading at $3.87 a share, up +$0.27 (+7.50%).
Featured Image: Depositphotos © borodaev
