Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Marijuana investors get a payday after election outcome


November 8, 2018

NEW YORK -- Shares of cannabis companies rose on Wednesday as results from the previous day's U.S. elections pointed to more favorable political conditions for the industry.

Tilray Inc shares jumped 30.6 percent. Shares of New Age Beverages Corp, which has previously announced intentions to expand into cannabis products, climbed 20.1 percent. U.S. shares of Canadian companies Canopy Growth Corp, Aurora Cannabis Inc and Cronos Group Inc rose between 8 and 10 percent. The ETFMG Alternative Harvest ETF posted a 7.1 percent gain.


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