BUZZ-Australia's PhytoTech Medical rises on revenue outlook

Wed May 27, 2015 11:19pm EDT
 
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** Medicinal marijuana company PhytoTech Medical Ltd's shares rise as much as 9.7 pct in early trading to the highest since April 21

** PhytoTech and MMJ Bioscience Ltd on track for revenues in July, company says

** PhytoTech announced a merger deal with Canada-based MMJ Bioscience in March, which sent shares up 50.8 pct then

** Says Savitol, first product of MMJ's unit will be available for distribution in late June

** About 665,000 shares change hands versus 5-day average of nearly 229,000

** Stock is currently trading down 1.6 pct (Reuters messaging: anusha.r.thomsonreuters.com@reuters.net)