April 11, 2018 / 2:07 PM / 6 months ago

BUZZ-Weed stocks on a high on Quebec supply deal

** Shares of Canadian marijuana companies rise after Quebec signs weed supply agreements with six suppliers

** Suppliers gain: Hydropothecary 16.5 pct, Canopy Growth 2.4 pct, Aphria ~3 pct, MedReleaf 1.7 pct, Aurora Cannabis 4.2 pct

** PE-backed Tilray Canada sixth supplier to sign a deal with Quebec’s liquor board to supply province with marijuana when Canada legalizes its recreational use this year

** Companies not part of agreement mixed: CanniMed dips ~1 pct, CannTrust Holding up 2.2 pct

** Horizons Marijuana Life Sciences ETF up 2.2 pct and U.S.-listed ETFMG Alternative Harvest ETF up ~2 pct

** Gains come after Canadian marijuana stocks fell to 4-month lows on Tuesday on lingering concerns about possible delays to legalization of recreational use (Reporting by Savio D’Souza)

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