May 28, 2015 / 3:24 AM / 3 years ago

BUZZ-Australia's PhytoTech Medical rises on revenue outlook

** 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)

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