September 20, 2018 / 12:49 PM / 3 months ago

BUZZ-Canopy Growth: Rises after supply agreement with Organigram

** U.S.-listed shares of Canadian marijuana producer Canopy Growth up 3.1 pct at $50.88 premarket

** CGC and Organigram sign two-year partnership in Newfoundland and Labrador

** Organigram will supply weed products to CGC while Canopy will market OGI’s portfolio to other retail outlets in the province

** Shares of pot producers have been surging ahead of Canada’s legalization of recreational cannabis expected Oct 17

** U.S.-listed shares of rivals Tilray up 15 pct, Cronos 6.2 pct

** TLRY touched $300 for the first time on Weds, since its listing on July 19

** Up to Wednesday’s close, CGC had more than doubled YTD, TLRY had risen 856 pct since its IPO and CRON had risen 64 pct (Reporting by Debroop Roy in Bengaluru)

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