Click here to read the previous top ASX cannabis stocks article.
While the Australian cannabis industry continues its progress overall, investors have been able to also see the advancements in the open market.
There are many steps needed for the industry in Australia to flourish even more, in the meantime the following cannabis companies have made the most of 2021 in the stock market at the halfway mark for the year.
Here the Investing News Network (INN) takes a closer look at some of the top gainers in the Australian cannabis stock market. The data for this list was collected following markets closing on June 30, 2021.
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1. IDT Australia (ASX:IDT)
Year-to-date gain: 73.68 percent; current market cap: AU$164.30 million; current share price: AU$0.33
This Victoria-based medical company has an output into the medical cannabis industry through its licenses and manufacturing capabilities for. These opportunities manifest for the company in the domestic market and through international ventures, like in its most recent partnership.
In June, the company announced a deal with Clever Leaves Holding (NASDAQ:CLVR) to supply two separate varieties of cannabis flower.
“Clever Leaves is a dependable and reputable supplier which meets IDT’s stringent cGMP requirements and we see this partnership as a strategic solution which creates a great opportunity for both...
Read Full Story: https://investingnews.com/daily/cannabis-investing/top-asx-cannabis-stocks/
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