Cannabis stocks cruised higher on Friday on the back of a lacklustre week for cannabis stocks.
The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was 1% to 295.13. The Horizons Marijuana Life Sciences Index ETF was up 0.4% at C$20.82.
Heritage Cannabis Holdings Corp (CSE:CANN) (OTCMKTS:HERTF) shares soared after it told investors Friday that its subsidiary Voyage Cannabis Corp has struck an agreement with Cannavolve Inc to boost its sales of recreational cannabis across Canada. As part of the deal, Voyage will gain better access to a number of provincial cannabis boards.
Shares of Heritage Cannabis soared 20% at US$0.45 in New York and up 13% at C$0.61 in Toronto.
On Thursday, Heritage announced it had also struck a new deal with a syndicate of investment dealers led by Cormark Securities to increase the size of its bought-deal financing to C$15 million from C$10 million.
Shares jumped 5.4% at C$56.31 in Toronto and up 5.5% at US$42.29 in New York.
S&P Dow Jones Indices said Canopy stock will replace Goldcorp Inc, with the change taking effect before trading on April 18.
Laggards on Friday included Green Growth Brands Inc (CSE:GGB), which dropped 1.8% at US$3.87 in New York and down 3.5% at C$3.86 in Toronto, on no news.
TILT Holdings Inc (CSE:TILT) was on the decline, down 3.8% at C$2.29.
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