Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB) disclosed Monday it expects to generate roughly $7.1 million in the third quarter of 2021. That's a $5.1 million revenue growth compared to the prior period.
Cannabis producer The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) has sold its Valleyfield, Quebec-based facility to Cannara Biotech Inc. (TSXV: LOVE) for $32.7 million.
As we near the end of the first half of 2021, we can see cannabis stocks traded mostly up by double digits, with the Amplify Seymour Cannabis ETF (NYSE: CNBS) delivering gains of more than 50% year-to-date.
This week, however, stocks posted mixed performances.