Out of over 200 cannabis stocks, there’s three that we’re going to be watching as the markets open due to breaking news out this morning.
Here’s three cannabis companies to watch today including Aphria Inc. (TSX:APH) (OTC:APHQF) and more:
This morning, Aphria Inc. announced that it completed its first shipment of cannabis oil to Australian medical life science company, Medlab Clinical Limited (ASX:MDC). It was also announced that Tokyo Smoke, a lifestyle brand that brings sophistication and design to the cannabis space, closed its Series B round which was led by Aphria Inc. and Green Acre Capital Fund I LP.
Yesterday evening, Stony Hill Corp. had a launch party in Los Angeles to celebrate the launch of its Stony Hill CBD line of hemp-derived cannabidiol infused products. With the CBD market estimated to grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources, this is a large market that the company is tapping into.