TORONTO — Embattled Canadian cannabis stocks have been climbing on the hope that the U.S. may ease restrictions on the substance.
The Associated Press reported that the U.S. health department has recommended marijuana be moved from a schedule one to a schedule three controlled substance. U.S. Senate leaders hailed the recommendation Wednesday as a first step toward easing federal restrictions on cannabis. Shares in Canopy Growth Corp. were up almost 36 per cent around noon Thursday, after climbing nine per cent Wednesday.
Tilray Brands Inc. shares were up almost 12 per cent, after its stock rose more than 10 per cent Wednesday.This report by The Canadian Press was first published Aug. 31, 2023.
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Canadian pot stocks climb on reports that U.S. may ease cannabis restrictionsTORONTO — Embattled Canadian cannabis stocks have been climbing on the hope that the U.S. may ease restrictions on the substance. The Associated Press reported that the U.S. health department has recommended marijuana be moved from a schedule one to a schedule three controlled substance. U.S. Senate leaders hailed the recommendation Wednesday as a first step toward easing federal restrictions on cannabis. Shares in Canopy Growth Corp. were up almost 36 per cent around noon Thursday, after climbi
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Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,290.41, up 265.27 points): Manulife Financial Corp. (TSX:MFC). Finance. Up 46 cents, or 1.88 per cent, to $24.91 on 11.
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Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,330.32, up 39.91 points): Canopy Growth Corp. (TSX:WEED). Healthcare. Up five cents, or 9.09 per cent, to 60 cents on 10.
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