August 21, 2018 / 3:18 PM / in 3 months

BUZZ-Marijuana stocks jump on Ontario supply deals

(Updates)

** Shares of cannabis producers rise after Ontario, Canada’s biggest province, signs supply deals with 26 cos ahead of legalization of recreational use of the plant

** Suppliers include: Aurora Cannabis up 7 pct, Canopy Growth up 3 pct, Tilray Canada up 10 pct, Organigram Holdings up 2 pct, Hiku Brands up 2.3, THC Biomed up 14 pct

** Ontario Cannabis Store will begin online sales of recreational marijuana starting Oct. 17, while private retailers will be allowed to operate from April

** Cronos Group up 9.2 pct, secures supply deals with Ontario Cannabis Retail, BC Liquor Distribution Branch (Reporting by Amy Caren Daniel and Karan Nagarkatti in Bengaluru)

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