Canadian cannabis producer MedReleaf Corp on Thursday signed an agreement with retailer Loblaw Companies’ unit Shoppers Drug Mart to sell medical cannabis online.
Shares of MedReleaf jumped more than 4 per cent when trading resumed after they were halted pending news.
Shares of MedReleaf were halted ahead of the announcement and will resume trading at 13:15 ET.
Canadian cannabis producers are scrambling to sign up distributors as the country is on track to legalize recreational marijuana by July.
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Reuters/Business Financial Post via 420Intel.com ~