Cannabis stocks are on the rise on the Canadian Securities Exchange (CSE) today. Recreational cannabis legalization is less than a week away in Canada, and cannabis stocks have been down all this week. Several companies are seeing their stock price rise today.
Let’s take a closer look at a few of these cannabis stocks and their latest company movements.
Stock Price: Green Thumb Industries Inc. (CSE:GTII)
Green Thumb Industries is headquartered in Chicago, Illinois, and manufactures and sells various cannabis products in the US. The company was founded back in 2014 and has been in the cannabis industry from the beginning.
Green Thumb hasn’t had new updates to its company in over a week, but its stock price is trading high on the CSE. According to Yahoo Finance, the cannabis stock is currently trading at $21.11 a share, up $1.90 (+9.89%). Green thumb’s shares may just be up today due to cannabis stocks trading high in both the US and Canada.
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Stock Price: Charlotte’s Web Holdings, Inc (CSE:CWEB)
Charlotte’s Web is headquartered in Boulder, Co., and produces and distributed hemp-based cannabidiol (CBD) wellness products. The company was incorporated in early 2018.
Yesterday, Charlotte’s Web announced it has been added to the OTCQX.
“Charlotte’s Web Holdings joins a robust roster of CSE-listed companies that choose to cross-trade on the OTCQX Market to provide greater transparency and more efficient trading for their investors globally,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “We look forward to supporting Charlotte’s Web Holdings as the company works to build visibility, liquidity and long-term shareholder value.”
According to Yahoo Finance, the cannabis stock is trading at $16.84 a share, up $0.34 (+2.06%). Charlotte’s stock price has been all over the place on the CSE this week, but its recent listing on a US exchange seems to have boosted the stock to end off the week.
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