06:58:41 EDT Sun 27 Sep 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Cannabis Summary for May 25, 2020

2020-05-25 19:57 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The S&P/TSX Cannabis Index gained 9.98 points to 180.35 Monday, while the Canadian Securities Exchange Composite Index gained 9.13 points to 388.64. In Canada, Village Farms International Inc. (VFF) continued its seven-day surge, gaining $1.01 to $8.25 on 2.74 million shares. The stock has nearly doubled, from $4.15 to $8.25, over the last seven days despite not reporting any news (until today).

The news today was that Village Farms' 58.7-per-cent-owned marijuana joint venture, Pure Sunfarms, received cultivation and sales licences from Health Canada for its Delta 2 greenhouse in Delta, B.C. (Pure Sunfarms is already approved to grow and sell marijuana at its first greenhouse, known as Delta 3. Pure Sunfarms has converted each of Delta 2 and 3 from tomato greenhouses to marijuana greenhouses. Village Farms' experience growing tomatoes seems to have helped Pure Sunfarms; the JV had all-in costs of cultivation of 78 cents per gram in Q4, amongst the lowest in the industry.)

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.