Major stocks are down today on major US exchanges after the markets were closed yesterday for Thanksgiving. However, pot stocks on Canadian markets are trending green.
Let’s take a look at those pot stocks trending on the CSE and their latest company announcements.
Trulieve Cannabis Corp (CSE:TRUL)
Trulieve Cannabis is headquartered in Quincy, Florida, and through its subsidiaries engages in the distribution and sale of medical marijuana in the US. As of mid-October 2018, Trulieve currently operates 20 different dispensaries in the US.
Three days ago, the US pot stock announced that it has added two more dispensaries to its list, making it now 22 operational dispensaries in Florida. The latest was opened in Broward County. To date, Trulieve has over 150,000 medical cannabis patients being served.
“As the patient registry continues to grow at such a rapid pace, we are working to provide access to patients that need the safe, effective care we provide the most, including those that have not been able to make it to a physical location before,” says Trulieve CEO Kim Rivers. “First and foremost, our priority has been creating spaces where patients feel comfortable and safe and have access to products that are natural, reliable, and effective.”
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According to Yahoo Finance, the pot stock is currently trading at $13.97 a share, up +$0.74 (+5.59%).
Charlotte’s Web Holdings, Inc. (CSE:CWEB)
Charlotte’s Web Holdings runs out of Boulder, Colorado, and the company distributes and develops hemp-based cannabidiol (CBD) products. While this stock isn’t exactly a ‘pot stock,’ it is a major cannabis company that is building momentum on the CSE today.
The cannabis company hasn’t released any news in weeks, but it remains an actively traded stock on exchanges. According to Yahoo Finance, CWEB is currently trading at $15.35 a share, up +$0.19 (+1.25%).
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