March 23, 2018 / 4:35 PM / 5 months ago

BUZZ-Weed stocks on a high as Cannabis Act passes Canadian senate

(Adds Alliance One, updates share prices)

** Shares of Canadian marijuana companies Aurora Cannabis Inc, Canopy Growth Corp, CanniMed Therapeutics Inc and Aphria Inc rise after “Cannabis Act” wins support of Canadian senate

** Aurora up 5.7 pct, Canopy Growth 7 pct, CanniMed 4.1 pct and Aphria 2.5 pct

** Stocks fell on Thursday as senators held a vote at a second reading of Bill C-45, sparking doubts over its passage

** The bill to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts won by a vote of 44-29 in the upper house [bit.ly/2y6sD4W ]

** Over 2017 Aurora rose 317.4 pct, Canopy 224 pct, CanniMed 110 pct and Aphria 271 pct

** U.S.-based tobacco processor Alliance One International Inc also up 4.4 pct, stock has doubled since Feb. 9 when the co said it had expanded into the cannabis business (Reporting by Karan Nagarkatti)

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