April 16, 2018 / 2:56 PM / 5 months ago

BUZZ-Canadian weed stocks up on Trump's new stance on pro-marijuana states

** Shares of Canadian marijuana companies rise after Trump says will lift legal threat to states that permit marijuana use

** U.S. Senator Cory Gardner says on Friday President Trump had pledged to sign into law a bill that would codify states’ rights to set their own marijuana legislation

** Shares of Canadian pot stocks up: Canopy Growth up 3.6 pct, CanniMed Therapeutics 3.2 pct, Aurora Cannabis up 3.3 pct, MedReleaf Corp up 3.5 pct, Aphria Inc up 8 pct

** In addition, Aphria’s Q3 EPS of 8 Canadian cents, beats analysts’ estimate by 7 Canadian cents- Thomson Reuters I/B/E/S

** Canopy Growth says its domestic production capacity doubles, also says will buy Czech medical marijuana producer Annabis Medical for ~C$2.5 mln to strengthen presence in Europe (Reporting by Taenaz Shakir in Bengaluru)

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