Broader equity markets finally closed in the green as the market for crude oil stabilized and traders begin to anticipate another stimulus package from Congress. Out of hundreds of cannabis stocks out there, here are just 5 of the biggest gainers in the markets on Wednesday, April 22nd, 2020.
Acreage Holdings, Inc. (OTC:ACRGF)
Today, OTC-listed shares of Acreage Holdings, Inc. closed the trading day up at $2.25 USD per share. When compared to the previous close of $2.05 per share, today’s increase of $0.20 per share represents a 9.76% bump in price for shares of ACRGF. Earlier this month, Acreage Holdings announced the suspension of forward guidance and the termination of the company’s proposed Deep Roots acquisition in Nevada due to COVID-19 concerns.
Cansortium Inc. (OTC:CNTMF)
Today, OTC-listed shares of Cansortium Inc. closed the trading day up at $0.2615 USD per share. When compared to the previous close of $0.2190 per share, today’s increase of $0.0425 per share represents an approximate 19.41% bump in price for shares of CNTMF. Earlier today, Cansortium announced the opening of a dispensary in East Orlando – its 20th Florida dispensary and its third in the Orlando metro area.
Cresco Labs Inc. (CSE:CL)
Today, CSE-listed shares of Cresco Labs Inc. closed the trading day up at $6.03 CAD per share. When compared to the previous close of $5.73 per share, today’s increase of $0.30 per share represents an approximate 5.24% bump in price for shares of CL. Recently, Cresco Labs announced that it had completed the expansion of its cultivation facility in Lincoln, IL, the largest in the state, and the first phase of expansion at its Kankakee facility.
Green Thumb Industries Inc. (OTC:GTBIF)
Today, OTC-listed shares of Green Thumb Industries Inc. closed the trading day up at $1.90 USD per share. When compared to the previous close of roughly $1.64 per share, today’s increase of $0.43 per share represents an approximate 7.17% bump in price for shares of GTBIF. Yesterday, Green Thumb announced that it will hold a conference call on Thursday, May 14, 2020 following the release of its first quarter 2020 financial results.
iAnthus Capital Holdings, Inc. (OTC:ITHUF)
Today, OTC-listed shares of iAnthus Capital Holdings, Inc. closed the trading day up at $0.2050 USD per share. When compared to the previous close of $0.1750 per share, today’s increase of $0.03 per share represents an approximate 17.14% bump in price for shares of ITHUF. Shares of iAnthus rallied today despite The Schall Law Firm announcing the filing of a class action lawsuit against iAnthus Capital Holdings, Inc.
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