Cannabis stocks ended the week on a high note Friday with most of the major players in the US and Canada on the rise.
Buds
MedMen Enterprises Inc (CSE:MMEN,OTCQB:MMNFF) was one of the best-performing cannabis stocks, soaring more than 30% to US$5.83.
The cannabis company has been scooping up market share via a slew of acquisitions, including a licensed dispensary from Berkeley Patients Group in California.
Aurora Cannabis Inc (TSX:ACB, OTCMKTS:ACBFF) shares were up about 7% to US$10.40.
MPX Bioceutical Corporation (CSE: MPX; OTCQX: MPXEF) shares jumped more than 5% to US$0.69 after announcing it would be expanding its reach into the Maryland market via a new dispensary in Baltimore.
Canopy Growth Corp (NYSE:CGC, TSE:WEED) was another gainer, rising more than 5% to US$49.72.
Duds
There were barely any duds to speak of Friday afternoon.
Shares of Toronto-based cannabis company Newstrike Brands Ltd (OTCMKTS:NWKRF) fell about 2.5% to US$0.54.
Cannabis Science Inc (OTCMKTS:CBIS) dipped around 1% to US$0.04.
The North American Marijuana Index, which tracks the top cannabis stocks in the United States and Canada, was up 5.53% to US$326.52.
The Horizons Marijuana Life Sciences Exchange Traded Fund, a group of marijuana stocks that trades on the Toronto Stock Exchange, jumped 4.01% to C$24.13.
Contact Lenore Fedow at lenore@proactiveinvestors.com
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