Another day, another cannabis watch. Most people are probably looking at Aurora Cannabis (OTCMKTS:ACBFF) today, a cannabis company that announced it will purchase MedReleaf (TSE:LEAF) for $3.2B. Despite how massive that news is, there are other cannabis companies doing well today; especially in the markets.
We are going to be looking at three cannabis stocks trading in the green today. The cannabis stocks in the hot seat will be the following: Canntab Therapeutics, Golden Leaf Holdings, and Cannabis Wheaton.
Cannabis Stocks: May 14, 2018
- Canntab Therapeutics (CNSX:PILL)
According to Google Finance, Canntab Therapeutics was last seen trading at $0.90. This puts the stock up 7.14%. Currently, Canntab Therapeutics has a market cap of 562.50K.
Canntab Therapeutics has a reason for trading in the green today. On Monday, Canntab announced that, along with Emblem Corp (TSXV:EMC), it has received approval from Health Canada for research on oral sustained release formulations. These formulations will be cannabinoid-based.
For those who don’t know, Canntab Therapeutics is a Canadian company, one that focuses on cannabis oral dosage formulation. It is based in Ontario, and works heavily with the development of cannabinoids.
- Golden Leaf Holdings (CNSX:GLH)
Golden Leaf Holdings was last seen trading at $0.24, according to Google Finance. This puts the stock up 4.35%. The company has a market cap of 134.02 million.
Unlike Canntab, Golden Leaf Holdings has been pretty quiet today. That said, last week, the Canadian cannabis company announced that it will be presenting at the 2nd Annual Cannabis Conference. The conference will take place in NYC, on May 17. This is likely to do good things to the cannabis stock on the day of the conference.
Keep your eyes peeled on Thursday to see if the Golden Leaf Holdings stock moves up or down.
- Cannabis Wheaton (CVE:CBW)
According to Google Finance, Cannabis Wheaton was last seen trading at $1.64. This puts the stock up 3.80%. Cannabis Wheaton has a current market capitalization of 728.04 million.
It is likely Cannabis Wheaton is trading up because of the announcement it made earlier today. On Monday, the Vancouver, British Columbia-based company announced that it has entered into a definitive agreement with Dixie Brands. This reportedly gives Cannabis Wheaton exclusive license to Dixie Brands’ product branding and intellectual property.
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So there you have it: Monday’s top cannabis stocks. Did you have a favorite?
Featured Image: Depositphotos/© jag_cz
