June 20, 2018 / 10:36 AM / 2 months ago

BUZZ-Canopy Growth: Gains on Canada nod for recreational marijuana

** Canadian marijuana company Canopy Growth’s U.S. shares up 4.8 pct premarket

** Canada Senate approves recreational use of marijuana

** Legalization has already been delayed from govt’s initially planned July launch

** Besides Canopy Growth, other Canadian marijuana companies include Aphria, Aurora Cannabis and MedReleaf, which is to be bought by Aurora Cannabis

** The Horizons Marijuana Life Sciences ETF has edged up 0.11 pct so far this year

** WEED has surged ~43 pct YTD, while LEAF has jumped ~31 pct; ACB is off ~1 pct and APH has tumbled ~36 pct (Reporting by Savio D’Souza)

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