Marijuana penny stocks North Bud Farms (CSE:NBUD) and Harvest Health & Recreation (CSE:HARV) are making a splash this morning on the CSE after a rough week for pot stocks.
If you're looking for a few marijuana penny stocks to add to your portfolio, you might want to consider these stocks.
North Bud Farms Resumes Trade: Up +20%
Two days ago, Toronto-based cannabis company North Bud announced its acquisition of Eureka Vapor LLC. Eureka, a US-based cannabis operator, was purchased by North Bud for $20 million CAD. Eureka holds licenses in California and Colorado. The company manufactures and sells a premium line of disposable vapor pens as well as multi-use cartridge-style vapor pens.
A day after the initial announcement, North Bud released a revised statement regarding its acquisition of Eureka. The marijuana penny stock clarified that the completion of the transaction is still subject to board of director and shareholder approval from both companies. CSE approval is also still required.
The Investment Industry Regulatory Organization of Canada (IIROC) halted NBUD stock trading for two days. The marijuana penny stock was frozen on March 6th and March 7th. IIROC resumed the trading of NBUD this morning.
North Bud's push into the US cannabis market with its latest acquisition is a definite reason to monitor this marijuana penny stock. According to Yahoo Finance, NBUD is currently trading at $0.43 a share, up +$0.08 (+22.86%).
Harvest Health & Recreation Rebounds
Harvest Health is another marijuana penny stock that is rebounding today on the CSE. Unlike North Bud, Harvest hasn't had any recent news that would cause a share climb. Shares of the company's stock are currently up on both Canadian and US markets.
With its curious stock spike today, HARV could be worth keeping an eye on.
According to Yahoo Finance, HARV is trading at $8.32 a share, up +$0.22 (+2.72%). On the OTCQX, HRVSF is trading at $6.21 a share, up +$0.22 (+3.79%).
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